Earnings season is rarely all one thing or the other. While Palantir reported an “otherworldly” result and Arista, Unity, Cloudflare and JFrog results were not far behind, the earnings that were reported last evening left something to be desired-quite a bit when it came to AppLovin and some ambiguities when it came to Axon and Figma. At the end of…
There was positive news regarding two companies we hold in the high growth portfolio: Digital Ocean and Figma. Neither company’s share price has responded hugely to positive developments leaving them relatively attractive. a) Digital Ocean Digital Ocean pre-announced a substantial upside for its June quarter and essentially raised future guidance. The headline is that the company…
We made some changes in the high growth portfolio this morning. We sold 700 shares of Affirm at $81.27. We felt that the 1 month appreciation of 9% in this market was a long way in a short time. The sale raised $56,880. There is nothing wrong with Affirm’s business. We think this will be another beat…
We have added another 500 shares of Figma to our Ticker Target High Growth portfolio at a price of $18.59. We added the shares today because of an initiation by the Citi analyst team who have placed a $36 price target on the shares. We had foreshadowed the purchase in the weekly commentary that was…
The stock market, after making several daily records, is under pressure today. Hi-growth software stocks have fallen and ServiceNow shares along with shares of IBM have seen significant drawdowns. I strongly felt that the sell-off in Service Now was not a reasonable interpretation of the quarter just reported and added to the position. And overall, I used the proceeds…
Sale of 1200 shares of Shift4 (entire position); Purchase of Digital Ocean-Starter position; Adding to positions in Snowflake, Figma and Samsara. We made some changes in the high growth portfolio today. We eliminated the Shift 4 position. We got impatient and despite not getting the dead cat bounce, we decided to take the medicine and eliminate the…
I made 3 changes in the high growth model portfolio this morning. I was surprised to see Figma actually down after the results it reported. I am not sure how that happened, but it did and I took advantage of what I considered an anomaly. While the shares have risen by about 6.5% while writing this, this…
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…