CARSALES.COM LIMITED. - ASX: CAR

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ShareShack user name hidden until logged in August 22

Today was an incredible day for tech stocks. Wisetech Global and Altium in particular both up around 30% due to results that outperformed the markets already loft expectations. Carsales was also up over 10% off the back of a great result- but what was most noteworthy for me was that AfterPay continues to trend higher (up another 3.5%), as does Appen (up 12%) and they didn't release results. Xero also hit $50.

I realise these are all great companies with great global growth stories, but they trade on nose bleed valuation multiples and are clearly trading based on being the place to go- because they have such strong momentum behind them. Everyone is just piling into them whether they represent good value or not, because they probably feel that with the wind in their sails, these stocks are likely to continue drifting higher.

I'd be interested in anyones views on these stocks.

Who holds them and what their trading strategy is? Is it set and forget, or do you plan to take profit in the short to medium term.
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