We added 200 shares of Nebius to the high growth portfolio this morning at a price of $35.11. Nebius shares have been under pressure for the last few days. Today, the company announced that it had entered into a private placement in which it sold $1 billion of convertible preferred shares in 2 tranches. The…
Shares of Rubrik spiked a little this morning and I got off a sale of 300 shares at my limit of $96.99. I had tried for more, but this was the best price at which I got a fill. Investors-or dare I say traders have been very picky with how they react to earnings. Shares of both…
AS we had discussed in this week’s commentary, we believed that the recent appreciation of IT stocks had taken some of the positions in the portfolio to valuations that were a bit stressed. Today, that opinion was seconded by the analyst team at Raymond James with regards to Nutanix. That precipitated our sale of a…
I mentioned in yesterday’s article on Tariffs and the market panic, that I was placing some limit orders. $ of them were recently filled. The high growth portfolio added 100 shares of Rubrik at $50.01 taking the position size to 1600 shares; 50 shares of Snowflake at $128.01 raising the position size to 450; 150…
I had my initial call with the new IR VP of Nebius, Neil Doshi, yesterday. In the nature of those things there weren’t any sensational disclosures. I have never been on such a call where there was a sensational disclosure-one way or the other. The trajectory of the stock price since Monday might seem to…
I often write about being a long-term investor. Obviously the portfolio move above is not consistent with that strategy. I entered a small position in Mongo shares a few months ago. I was counting on a growth rate inflection. The inflection came all right-but it was in the wrong direction. I think when a mistake…
A bit of alliteration-perhaps intentional. I have gotten more than a few questions on what tariffs will mean for the market-and very specifically the Ticker Target High Growth portfolio. In the short term I imagine the impact is obvious. The Ticker Target high growth portfolio has fallen about 17% since it hit a high little…
The last two days have seen a noticeable pull-back in high growth IT shares. One reason might be renewed interest rate angst. The Fed minutes published yesterday suggested that the probability of an interest rate cut is low over the next two or three Fed meetings. This sense seems to have animated a sell-off in…
We bought an additional 200 shares of Nebius this morning. We paid $40.49 for this latest lot so the total cost was $8110. That increased our margin balance to $303,695. That brought long exposure to about 127.5%. That brings our holding of Nebius to 1600 shares. That brings the weight in the high growth portfolio to 4.95%.This change…
As mentioned in the commentary, the announcement of substantial tariff increases has led us to take some action with regards to the high growth portfolio. We felt compelled to sell Global-e. Global-e’s business is based on direct to consumer international e-commerce. Essentially all of its revenues are based on either shipping or selling or a combination of…