- Entry
- $246.94
- Now
- $243.90 -1.2%
- Target
- —
- Score
- —
Was up big on SaaS these last few days (around 80% of my portfolio) Seems like they won’t sustain their rally - but curious what you folks think? It seems to me the reason SaaS was up was because social awareness got liquidated pushing up their main holdings as they covered (like ADBE) and then industry pair trading pushed up the whole SaaS sector My impression is this won’t last and now we’re in for a big correction back down …
— ORIGINAL POST ·
Was SaaS Up Just Due to Shorts Unwinding?
· r/wallstreetbets
· Jul 31, 2026