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…
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…
The market is once again suffering through a bout of what I might describe as bubble mania with aggressive selling of AI shares. In addition, the results of Netskope, while objectively very strong and better than anticipated, have seen some selling interest as well. Apparently issues with regards to Broadcom’s projected margins have somehow been readthrough…
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…
Cyber-security stocks opened noticeably weaker this morning. Software stocks were noticeably weaker. This is perhaps a reaction to comments from Varonis which released its results this morning. Varonis shares have fallen by 44% as I write this in the wake of a transition from on-prem to SaaS. The management talked about some demand weakness in…
Stocks are down today-I think it is the 3rd day of consolidation out of the last 5. And it comes after last Friday’s semi-flash crash. It has left some stocks selling at levels that have made me want to buy some of the dip-even after last Friday’s experience which wasn’t much fun. I will write about…
We made some small additions to our portfolio today. In the high growth portfolio we added 100 shares of RBRK. We bought the shares at $85.44 for a cost of $8560. We now have 2800 shares in the high growth portfolio and they have a weight of 9.97%. We also bought 200 shores of Braze…
Summary Netskope (NTSK) is a market leader in CASB and SASE, showing strong revenue growth, gaining share and expanding its enterprise customer base. NTSK’s deep cloud visibility, AI-driven security, and proprietary NewEdge network provide performance and security advantages over competitors like Zscaler and Palo Alto. While not yet profitable, NTSK is rapidly improving margins, demonstrating…
Investors remain focused on AI hardware stocks, and in general have ignored or sold high growth enterprise software stocks. This has created some valuation anomalies and we moved to bulk up positions in stocks that have been on the wrong side of investor love. How long this paradigm will last is not really knowable. My…