1) Everpure After the market closed yesterday, Everpure announced that it had been selected to provide storage solutions to a second major hyperscaler. The announcement was short on details and specifics. The name of the hyperscaler was deliberately withheld. It is most probably either Google or Microsoft-odds are less on Amazon. This is a win for…
We made further portfolio changes today in the high growth portfolio. We sold an additional 150 shares of Snowflake, taking that holding to 100 shares with a weight of sold the 150 shares at 1.02%. We sold the shares at $314.59. This sale raised $47,180. We replaced that position with a few purchases. The portfolio acquired…
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…
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…
The market has been quite volatile today, at least in terms of our high growth portfolio. We have (hopefully) taken advantage of the volatility and made some trades. Overall, the trades wound up reducing our margin balance by $660, and the balance now goes to $738,612. There were, in aggregate7 transactions today. In the interest…
We sold the last 100 shares of the Snowflake position. Snowflake spiked up today in sympathy with the strong results reported by MongoDB. I imagine that Snowflake, which reports tomorrow did have a strong quarter-I am just now sure if the upside will be strong enough to sustain the share price spike. Snowflake is a volatile stock, and…
The last couple of weeks have been painful for investors in high growth IT shares-brutal really. With a crescendo of bubble articles and headlines talking about stretched valuation, good news got interpreted negatively and indifferent news resulted in significant share price compression. Basically, as the year end approaches, some investors, with significant gains have moved…
We sold another 100 shares of Snowflake this morning as it spiked a bit. We sold the shares at $272.01 and that raised $27, 190. We now have 400 shares of Snowflake in the high growth portfolio which has a weight of 4.94%. We added 300 shares of Samsara at $37.49. This cost $11,255. The high growth portfolio now…
We decided to take some profits on our Zscaler position which has risen by more than 80% so far this year and has reached a rather substantial valuation above average based on my estimates. The sale of 250 shares at $325.39 raised $81,340. We still have a position of 350 shares and that has a…
The market continues to trade in a consolidation mode, and we took some actions today. Although objectively the inflation news was reasonably positive, and initially stocks rose, selling resumed shortly after the opening. The consolidation trade may last until earnings season gets underway. Or it may last until the next Fed policy meeting. My ability…