IGV

A safe haven doesn’t mean that rain can’t fall October was a strong month for most stocks. Even software stocks bounced with the IGV (IGV), the software ETF rising about 7%, while the Wisdom Tree Cloud ETF (WCLD) rose about 3.5%. But while October was strong for the market as a whole, it has been…

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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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Last week was another week of distress for high-growth shares, although perhaps not as grim as the prior week. Most of the damage was done on Wednesday which brought substantial valuation contractions. The market for high-growth shares stabilized a bit on Friday, but overall, our high-growth portfolio lost 6% and its index value now stands…

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The New Decline: What’s been going on? More than a few subscribers and some readers on SA : How low is the market going? What should I be doing? How much longer will this bloodletting last? One subscriber wrote to me that he has been nauseous. He asked how I  stay calm. The reality is…

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I have received a number of requests from subscribers to comment on what some perceive as a valuation bubble in high-growth tech stocks. It seems a good occasion to reflect on Q1 and whether those results have created a bubble.  Just to be clear, from time to time, groups of stocks are going to perform…

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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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