Yes, we did send out our weekly commentary just a little while ago. But the action of the market today. November 22, has impelled us to write an update for subscribers. The pullback today transcended the fintech space, although some commentators focused attention on the performance of those shares which retreated significantly. This was a…
While the headline averages such as Nasdaq traded with gains today, for the most part software shares were weak, and the IGV fell by about 1% and the Cloud Computing index fell by 1.25%. The IGV and the CLOU computing index have both been relatively weak so far this month, with the Cloud index down…
After falling dramatically last Wednesday, many high-growth names have recovered subsequently and made up lost ground. Of these 3 portfolio constituents, Affirm have shone the most brightly, rising 14% in the wake of earnings and making up the loss it had suffered in the wake of the share price implosion at Upstart. Shift4’s quarter was…
Additional Portfolio changes: Sale of 185 Asana (ASAN) and purchase of 395 shares of GLBE We have made another portfolio transaction today, reducing our holding of Asana by 185 shares and adding 380 shares of Global-E. The portfolio now holds 400 shares of Asana, and 670 shares of Global=E. These changes, and the other changes…
The charts and the comparative commentary will return shortly. Sorry for the interruption, but we want to provide subscribers with a better experience and we need to re-do the format of the charts and automate their preparation so they are more legible and are less likely to have calculational errors. Last week started with what…
It is rare that I find newsworthy events on which some type of commentary makes sense two days in three. This is one of those rare times. As I write this, Wednesday, July 14th markets continue to move in a risk-off direction-although not precipitately. The inflation reports, both the CPI and the PPI were concerning…
Nutanix held a virtual analyst day earlier this week. It was an opportunity for the new CEO to put his personal stamp on expectations in terms of financial performance and operating strategy. The event was well received; the shares rose and are now trading at close to their high-point for the year. While the shares…
As we indicated yesterday, we made some changes in the portfolio. While we had hoped to get more of a spike in Upstart, the short covering rally apparently ran out of gas. We had our orders in, and one of them was filled at $159.99-but the other orders we had entered have not been filled,…
We had written previously that we had planned to add to our net long position to take advantage of some of the bargains that have emerged after weeks of sector rotation. Yesterday was another day of sector rotation. The usual suspect these days is interest rate increases or its concomitant metric, inflation concerns. As it…
High Growth tech names have depreciated sharply since the start of the sector rotation in mid-February. Most names have lost more than 20% as investors have fled the space-supposedly fearful of rising interest rates brought on by expectations of higher inflation. The flip side of this, is that companies in the space have seen a…