OKTA: Don’t Look a Gift Mule in the Face

OKTA, which has been featured in the NFTRH+ Charts & Notes segment several times was supposed to be the next MULE. The latter was a fancy software company that I’d had on radar and finally chased because I could not take it anymore, being outside looking in. It worked out, as the Mule got bought out and has been pinned to a new valuation ever since.

mule

OKTA was to be the same type of play, except that I have not chased it and worse still, I failed to buy it when it pulled back on a scary market day in April. The chase worked on MULE but I am not willing to look a gift mule in the face and think that situation can be replicated. So off goes OKTA without me. That’s show biz.

okta

Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.