I made some changes in the High Growth portfolio this morning. I sold half of the Datadog position after its recent run. I think the shares are likely to consolidate after a 66% run in the past month. I decided to redeploy the funds to other positions that I believe have a grade potential for…
As foreshadowed in our midweek update post, The High Growth portfolio acquired 200 additional shares of Arista. We bought the shares at $146.99 and the Arista position in the high growth portfolio is now 600 shares with a weight of 4.12%. The purchase cost $29,505 and brought the margin balance in the high growth portfolio…
It is a busy week for earnings and in order to keep up I try to work on some comments about companies in our portfolios as they report results. a) DigitalOcean DigitalOcean shares rose by more than 40% on Tuesday in the wake of reporting a very strong quarter-or better said, a strong quarter and guidance…
Sundry Photography/iStock Editorial via Getty Images Arista: An AI Infrastructure vendor with best in class profitability It has been about a year since I last reviewed Arista with an article on SA. It has been a rare tech stock that has shown meaningful appreciation over the past year. While the shares have risen by more than 100%…
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…
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…
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…
The last couple of weeks have been painful for investors in high growth IT shares-brutal really. With a crescendo of bubble articles and headlines talking about stretched valuation, good news got interpreted negatively and indifferent news resulted in significant share price compression. Basically, as the year end approaches, some investors, with significant gains have moved…
We made some changes in our cyber-security holdings in the high growth portfolio. We eliminated the starter positions we had in both Palo Alto and Cloudflare. We also eliminated the position we had in Arista Networks. The positions were too small to be meaningful. The shares of Palo Alto and Cloudflare had appreciated modestly since…
Lots of companies have reported their Q2 results-several hundred in fact. Within our high growth portfolio 4 companies out of 8 scheduled to report this week have now done so. For the most part, the earnings reports emerging range from good to excellent. Q2 is shaping up to have been a better quarter for software…