We made some changes to the high growth portfolio this morning. Shares of Monday finally showed a bit of relative strength and we sold the entire position-550 shares. A big loss-but we simply have no wish to marry a company that seemingly lacks visibility beyond the next 9 months. We sold 550 shares at $76.45 and that…
blackdovfx/iStock via Getty Images Digital Ocean: A somewhat unique strategy and a somewhat unique AI infrastructure investment Depending on definition, it’s been about 2.5 years since AI first emerged as the investment theme of the decade and perhaps the century. Since then companies of various stripes have emerged in the space with incredible valuations. The two leading…
Sale of 1200 shares of Shift4 (entire position); Purchase of Digital Ocean-Starter position; Adding to positions in Snowflake, Figma and Samsara. We made some changes in the high growth portfolio today. We eliminated the Shift 4 position. We got impatient and despite not getting the dead cat bounce, we decided to take the medicine and eliminate the…
We have bought 600 shares of Everpure, bringing our position to 2800 shares. We paid $59.39/share for the purchase which cost about $35,640. The weight in the high growth portfolio is now 10.24%. Although markets are declining because of war news and the oil price spike, I think that buying additional shares of Everpure at…
Sundry Photography/iStock Editorial via Getty Images Snowflake: It is an enterprise software company but all the same it it has become a leader in providing users with an effective and efficient AI strategy! It has been almost 2 years since I last wrote an article about Snowflake for SA. The shares have risen by about…
Overall, the crop of earnings reported this past week has been underwhelming from the perspective of share prices, but reasonably positive in terms of a lens looking at demand growth. No signs of SaaSpocalypse or anything like that. In this blog, I will stick to the companies that reported this past week, and will discuss…
This has been an eventful day. Overall, the high growth portfolio is fluctuating with a modest positive change as I write this as some of the negativity regarding software shares has relaxed a little in the wake of a less threatening presentation from Anthropic. . But Pure Storage has fallen noticeably and Shift4 has fallen…
Jean-Luc Ichard/iStock Editorial via Getty Images Microsoft-Sometimes it is those sub-headline comments that really matter A little less than 4 months ago, a book book on the Great Depression by Andrew Ross Sorkin. It seems eerily prescient at this point-although if one reads the book, considers the state of the economy and the various speculative vehicles…
I made 3 changes in the high growth model portfolio this morning. I was surprised to see Figma actually down after the results it reported. I am not sure how that happened, but it did and I took advantage of what I considered an anomaly. While the shares have risen by about 6.5% while writing this, this…
The market resumed its AI disruption trade this morning. There has been no news-just various articles reporting what has happened rather than any analysis of the outlook for this trend. It is frustrating and even scary to watch these stocks trade at valuations as low as ever seen based on a thesis that is divergent…