The market has a moderate buy the dip mentality today. I don’t suggest I have any strong opinion as to whether this will continue. Rationally, it should. The ISM report today was better than expected. There is an Indian trade deal which should be positive for IT demand. But there has been loads of technical…
Thursday was just an awful day for investors in the enterprise software space and Friday hasn’t been much better. Our Ticker Target High Growth portfolio fell by almost 5% and is down by more than 4% today.. Not terribly surprisingly, the IGV ETF-extended tech software fell by a similar percentage while the WCLD ETF fell…
We made a change in the Income/Stability portfolio. Shares of Meta spiked in the wake of a particularly strong quarter. The shares rose by 10% on a simply horrible day for enterprise software stocks and almost anything related to software. That took the shares to a relatively strong valuation-of course that depends on whether last quarter’s growth…
Monty Rakusen/DigitalVision via Getty Images A very contrarian call to buy the shares! Figma (FIG) launched its IPO at the end of July 2025. The company raised $1.2 billion at a valuation of $33/share and the shares immediately sky rocketed to $125. At that price, the shares had essentially become decoupled to any kind of rational valuation…
We added 40 additional shares of AppLovin to the high growth portfolio this morning at a price of $537.01. That is all the shares we were able to buy at that price. The cost of the purchase was $21,390. This brings the margin balance to $787,627. This brings our APP holding to 140 shares with…
Hinterhaus Productions/DigitalVision via Getty Images Navan: A major disruptor in Business Travel and Expense Management Navan (NAVN) is a fairly recent IPO-it went public at the end of October 2025 at $25/share. Despite a strong quarter that was announced last month, with results well above expectations and increased guidance, the shares are selling 30% below the IPO price…
The market presented some opportunities this morning that I have reacted to. In particular I added to the position in Pagaya which got hit a bit because of the misguided proposals of President Trump regarding interest rates. In addition, Figma shares were down despite positive brokerage comments. I continue to add to the positions in…
The market has been quite volatile today, at least in terms of our high growth portfolio. We have (hopefully) taken advantage of the volatility and made some trades. Overall, the trades wound up reducing our margin balance by $660, and the balance now goes to $738,612. There were, in aggregate7 transactions today. In the interest…
After 3 days of relative decent performance in the software space, the paradigm seen last August continued today. That is despite numerous indications that the enterprise software space had a fairly strong Q4. We bought 1000 shares of Navan in the high growth portfolio as a starter position. Part of the reason we made this…
ServiceNow: A post-holiday special, on sale for the first time in years! ServiceNow has been one of the most reliable growth companies in the SaaS software space. It is led by one of the most respected and experienced software executives, Bill McDermott. Since 2016 when the company went public, revenues have grown from $1.3 billion to about $13.2…