ETF

Last week was another disappointing week for the markets in general, and for IT names in particular. Although our high-growth portfolio did manage to appreciate by 1.8%, it is still down by more than 25% so far this year, and by 21% since 8/20/21. Those results are more or less consistent with the overall tech ETF, the IGV, which lost 2% last week and has lost about 20% since the start of the year, and 22% since last August. The World Cloud ETF broke even last week, but it has lost 26% since the start of the year and has lost 32% since August 20th of last year.

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There is a saying that April is the cruelest month. The poem from which the saying comes is called “The Wasteland,” and so it seemed were the valuations of many of the IT names that make up our high-growth portfolio last week. The rally that had carried through from mid-March to April 1st burst as investors…

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An extremely volatile week, although the net results was a significant snap-back rally. Our high-growth portfolio had the largest percentage gain since it was launched in August 2016, and was up by almost 21%, without much in the way of leverage. Our acquisition of an additional 500 shares of Affirm worked out, but it was…

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Most software shares simply melted-up today. I would like to say that the particular names I have written about recently, and recommended had some unique appreciation, but that was not the case. If you owned software shares on Thursday, you were happy, and there were very few exceptions. For the most part, software stocks appreciated…

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