For the reasons we have previously cited, we wanted to trim the size of our holding in Alteryx from more than 14% of the high-growth portfolio to 11%. To do so, we sold 75 shares at Friday’s closing price of $142.07. That raised $10,655 and left us with a position of 255 shares. I want…
As we indicated last evening we have made changes in the high-growth portfolio as follows: We sold 1000 shares of Pivotal (PVTL) at the opening price this morning of $14.20. This raised $14,200 of cash. We bought 500 shares of Pure Storage-again at the opening price this morning of $13.17. This cost $6600. And we…
We are adding Ubiquiti to the income/stability portfolio. We are buying 85 shares at Friday’s closing price of $128/share. This will cost $10,880 and use up the cash balance we have had in the portfolio since our sale of Cognizant. We had previously sold Ubiquiti in our high-growth portfolio in order to buy positions in…
As foreshadowed in our weekly commentary, we are making some changes in our high-growth portfolio. The changes are as of Thursday morning. We are selling the following: 85 AYX at $82, 64 TWLO at $125.50 and 85 ZS at $68. These are sales of approximately 18% of our prior holdings in these positions. We are…
Change in the High-Growth Portfolio-Trim some Twilio, Add some Square The overall market has shown very little change this morning, but one of our portfolio names, Twilio, has made a new all-time high and it is up about $8 or just shy of $8%. With that jump, the shares have once again, become a higher…
As mentioned, at the close of business last Friday, we made a change in the Income/Stability portfolio. We sold the remaining shares of NetApp at a price of $58.70. This netted us $11,740. We replaced the NTAP position with a buy of 250 shares of Pegasystems at a price of $47.48. The buy cost us…
We are making a change in our high-growth portfolio effective at market close on 12/13. We are selling our position in Ubiquiti-228 shares at this evening’s closing price of $110.46. That will raise cash of about $25,200. We bought Ubiquiti shares a bit more than a year ago at a price of $63 so we…
We had mentioned in previous posts that our position in Twilio had reached a level that was inconsistent with good portfolio management policies. While the main mandate of the portfolio is to maximize returns, it also has a mandate of prudent management, the same as any other investment fund might have. As of today, after…
I mentioned in the post sent to subscribers on Sunday that I was making some changes in the high-growth portfolio. As it happens, there are some steps that I can take to increase the beta of the portfolio and to increase the percentages held by the portfolio in some of my most favored names. I…