The market has a moderate buy the dip mentality today. I don’t suggest I have any strong opinion as to whether this will continue. Rationally, it should. The ISM report today was better than expected. There is an Indian trade deal which should be positive for IT demand. But there has been loads of technical…
Monty Rakusen/DigitalVision via Getty Images A very contrarian call to buy the shares! Figma (FIG) launched its IPO at the end of July 2025. The company raised $1.2 billion at a valuation of $33/share and the shares immediately sky rocketed to $125. At that price, the shares had essentially become decoupled to any kind of rational valuation…
The market presented some opportunities this morning that I have reacted to. In particular I added to the position in Pagaya which got hit a bit because of the misguided proposals of President Trump regarding interest rates. In addition, Figma shares were down despite positive brokerage comments. I continue to add to the positions in…
Reviews of Shift4, Affirm, Procore, Datadog and Figma Loads of earnings to consider. One of the strongest earnings quarters in recent years-certainly in terms of IT companies and apparently pretty generally amongst the S&P-even outside of the Mag 7 group. Has it pricked the bubble mentality? Not so far it seems. This is one sample…