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Braze: The quarter that was reported was reasonable; guidance was disappointing, the shares more so Braze shares are down by about 19% at Tuesday’s close September 13, 2022. Some of the share price action is obviously a function of the market decline in the wake of the too hot CPI report released this morning. The…

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This morning Iron Source and Unity Software announced a merger agreement. The exchange ratio has been set at .1089 shares of Unity for each share of Iron Source. Unity shares fell on the news, and also fell as a reaction to the very hot inflation print announced earlier today. Unity, as a business, has run…

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In recent weeks, I haven’t made any changes to the high growth portfolio. The selling pressure has been so sustained and indiscriminate there really weren’t the kinds of opportunities for which I look. But I did decide that selling the 1900 shares of GAN in the portfolio, and using the funds to increase the holding…

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Reviewing a recent visit with Iron Source Management There is not much positive to say for the current phase of the market. Indiscriminate selling, margin calls, an atmosphere of fear. While the Fed’s latest set of what are called dot plots is relatively benign, investors seemingly believe more apocalyptic scenarios. More and more economists, corporate…

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It’s a couple of days after a bit of sentiment reversal. So many names of various kinds including IT stocks had been hugely oversold, and perhaps over shorted. I get asked “is it over.” Usually, after this kind of precipitous sector rotation, most technicians expect to see at least some kind of retest. It isn’t…

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