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,…
Many readers will have noted the rapid appreciation of Upstart shares last week. The shares rose by just less than 50% in the last 5 days. I have considered what to do next. While part of the reason for Upstart’s performance is that the shares should have appreciated and not fallen when earnings were released,…
We eliminated our position in Aspen tech earlier today selling 140 shares at $128.99 which raised $18,040. We were disappointed in Aspen’s performance last quarter and equally disappointed in the company blaming it on the weather. This is a software company and not a home builder. Obviously sales execution was dramatically below expectations to lead…
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…
We have made the following changes in the income/stability portfolio: We sold our position in DXC at $31.79. This raised $8100. We purchased 200 shares of Cognizant for $71.49. This cost $14,310. And we added 70 shares of Dassault to the portfolio at a price of $219,99. This cost $15,410. The net of these transactions…
We made a portfolio change in the Income/Stability portfolio. We sold our position in Ubiquity at the opening price of $319.75. The sale netted $75,130, The sale in no way reflects any change in the outlook for the company. It reflects, rather, the recent spike which saw the shares appreciate by 31% in two weeks.…
We are selling 400 shares of FSLY in our portfolio at an early morning price of $103.89. This was a trade limit we set pre-market and as such it may be different than the price of the shares at the time readers receive this post. The net value of the sale was $41,540 and the…
As noted in our portfolio commentary, we purchased a position in the shares of Citrix (CTXS) in our Income/stability portfolio at Monday’s opening price of $131.49. This transaction used up the prior cash balance; our purchase cost $17,760. In our portfolio commentary, we mistakenly reported that we had purchased 225 shares-my bad. We make an…
We are enlarging our AYX position from about 5% to 7.5%; we have bought 150 shares at a price of $111.49. I get questions sometimes about the price we buy and sell in the model portfolio. We actually have a model portfolio that we manage on behalf of a specific (unidentified) client. Very often we…
As mentioned earlier this week, we wanted to finish selling the RPD position. Today the shares advanced a bit and we finished disposing of the position. We are trying to direct some of the investments in the portfolio into names that we believe will reap outsize benefits from the end of the pandemic. Shift4 has…