Yesterday, when we reported a purchase of 100 shares of Everpure Storage we mistakenly indicated that the purchase had cost $121,510. That was a mistake. When we reviewed our position and margin balance logs th8is morning the error became obvious and it was flagged as well by a sharp eyed subscriber. The actual cost of…
This morning Braze announced that it had agreed to a buyout by Salesforce at $47.50. That is a 58% premium. The high growth portfolio has a 3500 share position-3.18% weight in the shares. We have sold that position at $45.50, I don’t see any buyers topping the Salesforce bid and I don’t feel that the…
Yesterday was a day of panic. Some of it is related to the “hot” inflation numbers. That is real enough. But some of it related to an article by Gartner, a well-known industry consultant, Gartner forecasting that 80% of the neo clouds would be “gone” by 2030. Yes, this is where I get into a…
Tech and growth stocks have fallen noticeably today. The high-growth portfolio is down by more than 4.5%. The issue is inflation and concerns about rates. Those are real issues and they will compress multiples. To an extent that is already the case. Nebius at this writing has fallen by more than 32% from its recent…
I wrote yesterday that I was on the fence with regards to retaining the AppLovin position. In a sense I still am but yesterday’s bounce led to a different decision. It has been a ghastly trade but I feel it better to move on than determine just how the potential of the company’s non-gamer introduction…
I have recommended Cerebras shares and the Ticker Target high growth portfolio currently has a 3.87% weight in the shares. The shares have dropped by almost 18% so far this week. The drop is a function of a report from a publication called SemiAnalysis that OpenAI is using some Nvidia chips to power the Ultrafast…
Zolak/iStock via Getty Images April is often said to be the cruelest month; In the case of Credo, September has been! The AI boom has spawned many investment opportunities. Some adjacencies such as power supplies and physical data center structures seem obvious. Cables… which is what Credo (CRDO) has been best known for…not so much.…
We made some changes in the high growth portfolio this morning. After thinking about what to do with the Tempus position, we wound up selling the shares. The shares have nearly doubled in the last 6 months and have risen by more than 30% in last 30 days. There was a specific reason for that;…
We had planned to add to the Nebius position this week but it never reached our limit price. That said, Bloom Energy shares fell noticeably because of continued controversy with regards to the Dona Ana, NM data center that its technology is meant to power. Today, Oracle invoked Force Majeure, sending a letter to the…
JHVEPhoto/iStock Editorial via Getty Images Netskope’s market share is rising now; how long before that is reflected in its valuation Patience is a virtue in many things, investing amongst them, but sometimes when companies report strong quarters but the share price doesn’t follow suit, maintaining patience can be a bit of stretch. I wrote about…