PM Images/DigitalVision via Getty Images Pure Storage: Sitting in the penalty box-the refs got the call wrong I am a long time investor in and recommender of Pure Storage (PSTG). I have owned a position of various sizes for literally 7 years at this point. But it has been almost 18 months since I last wrote…
We made two small additions to the high growth portfolio. We bought another 300 shares of Pure Storage at $67.44. This cost $20, 240 and brings our holding in Pure to 3000 shares. That is a weight of 9.92 in the high growth portfolio. And we bought 100 additional shares of Arista bringing our holding to 200 shares. We…
We have made some changes in the Income/Stability portfolio this morning. Shares of Oracle have fallen yet again-this time due to a story in the FT relating to the company’s planned data center in Michigan. Oracle, as has been detailed recently, does not own the land and the buildings of its data centers. It leases those from…
The market is once again suffering through a bout of what I might describe as bubble mania with aggressive selling of AI shares. In addition, the results of Netskope, while objectively very strong and better than anticipated, have seen some selling interest as well. Apparently issues with regards to Broadcom’s projected margins have somehow been readthrough…
Dear Subscribers: The editors at SA requested that I make some substantial changes to the article that I sent out last week. It proved to be far easier to write a new one than to try to deconstruct and reconnect an article. There are some updates and changes, but the thesis is the same. I liked…
Healthy skepticism is the stock in trade of analysts and investors. That is particularly true in the tech space. Many dreams don’t get realized or get realized in a far distant form. I have written my share of recommendations on Oracle. The last barely 2 months ago when the shares were $293. This is an article reaffirming…
I added 300 shares of Pure Storage to the high growth portfolio at $72.56. This brings the Pure Storage position to 2700 shares and a weight of 9.4% in the high growth portfolio. I was a bit precipitate and caught a falling knife. But I would rather be there than not, and I will remind myself about…
Pure reported a mainly in-line quarter and raised guidance. The shares in the pre-market are down 16%+ although they were up by nearly 7% the day before. Basically, the shares are down about 10% from where they had been before yesterday’s spike. That said, and more relevant for me, over the last month the shares…
We sold the last 100 shares of the Snowflake position. Snowflake spiked up today in sympathy with the strong results reported by MongoDB. I imagine that Snowflake, which reports tomorrow did have a strong quarter-I am just now sure if the upside will be strong enough to sustain the share price spike. Snowflake is a volatile stock, and…
Summary Nebius is a leading competitor in the neocloud space. The company offers a full stack solution and the performance of its stack is said to be market leading. The company has recently acquired customers such as Meta and Microsoft who have contracted for billions of dollars of Nebius service. The company has also acquired…