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.
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.
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