Thursday, May 7, 2020

Slack - WORK - An alternative to email, finally?

For years, companies have been trying to solve the "alternative to email."  Noone's been able to solve it.  The closest to try?  Google's Gmail with more efficient cataloguing of emails, a redesign of email threads which consumers grabbed onto as a last resort.  When I learned about email way back in the early 90s, it was a revelation, an amazing technology that allowed messages to be sent to anyone in the world for free.  Only a few years earlier, I had been studying in Mexico as part of my graduate program's study abroad - and remember having to communicate with my friends and family back home with fax or snail mail.  And years earlier - it was mail.  So, how amazing when email came and also MUDs - multi-user dungeons.  Do you remember the commands?  N, S, E, W for directions.  "Pick up axe", "Attack"  "Pick up stone", etc. this was before the first Graphical Interface, Mosaic which was also a mind-blown event.

But, over the years, email has gotten tired - we lose emails - spam is still a major problem - its time consuming - remember, "Send signature Receipt" - a lot of attempts to improve email have failed.

Its because technology and information has surpassed what email as an app can handle.

And, along comes Slack - most IT professionals use it - its got the brand and the users and the functionality AND, seems to be the best yet alternative to Email.

I've owned it for several months as one of my smallest positions, and now I'm watching closely as it hit 29.57 today so far - its tested its previous 6 month high of 30.47.  It's done this twice in that time frame - that's a good sign, but not a buy sign until it breaks 30.47.  If so, it has room to run to 40.


So, I've put a Stop Limit Buy Order to double my position, Stop at 30.48, and Limit of 30.48.  This means if it trades 30.48, automatically place a limit order for 30.48.

Why don't I just buy it now?  I'll be buying it $1 lower - isn't that better?  Not in my mind.  If we buy it here and it doesn't break 30.47, then it could fall again - I have my money at risk without technical confirmation.  If I wait to buy it if it hits 30.48, then my Expected Return increased substantially, because the probability of increased returns increased from an unknown, or 50% chance to, because of technical confirmation of breaking out above 30.48, of >75% in my opinion.

Slack - let's keep an eye on it!

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