After yesterday’s spike in shares of most high-growth software companies, the market has cooled down quite a bit and is giving the high growth portfolio the opportunity to add to some positions where there have been positive developments and negative share price reaction. Much of yesterday’s spike was a function of what I think was…
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…
We added to 3 positions in the high growth portfolio and added a new company as well. These positions essentially replaced the sale we made yesterday of Nebius which raised about $78k. The purchases were as follows: 1) 250 shares of Tempus AI @ $50.39-purchase cost of $12,605 and weight of 0.55%. The Tempus purchase is obviously…
Before proceeding to the review of AppLovin and Axon earnings a brief detour into the land of algo trading. Today, shares of Klaviyo fell by 32%. The issue was not one of demand: overall revenue growth and the guidance for revenue growth were strong. Revenue growth was 28% a beat of a bit less than…
AppLovin and Unity aren’t really software companies although certainly Unity Create business is based on that company’s game creation software offering. They both reported on Wednesday. That market hated Unity’s forecast and drove the shares down by about 26%; this after a 25% drawdown when Google announced Genie. Unity shares are now down by 52%…
We made a change in the Income/Stability portfolio. Shares of Meta spiked in the wake of a particularly strong quarter. The shares rose by 10% on a simply horrible day for enterprise software stocks and almost anything related to software. That took the shares to a relatively strong valuation-of course that depends on whether last quarter’s growth…
We added 40 additional shares of AppLovin to the high growth portfolio this morning at a price of $537.01. That is all the shares we were able to buy at that price. The cost of the purchase was $21,390. This brings the margin balance to $787,627. This brings our APP holding to 140 shares with…
We sold the remaining 400 shares we had of GitLab this morning. We sold the shares at $41.09 and this raised $16, 435. In the course of researching the article I am writing about Nebius, I came across a company called Cursor. While not an exact competitor, Cursor has increased its ARR by 10X to $1 billion…
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 the high growth portfolio this morning. The reasons are detailed in the commentary which will be sent shortly. We sold 100 shares of Snowflake at $270.99. We now have 300 shares with a weight of 3.38%. The sale raised $27,090. We reentered a position in AppLovin. This is a starter…