PM Images/DigitalVision via Getty Images Pure Storage: Sitting in the penalty box-the refs got the call wrong I am a long time investor in and recommender of Pure Storage (PSTG). I have owned a position of various sizes for literally 7 years at this point. But it has been almost 18 months since I last wrote…
We made two small additions to the high growth portfolio. We bought another 300 shares of Pure Storage at $67.44. This cost $20, 240 and brings our holding in Pure to 3000 shares. That is a weight of 9.92 in the high growth portfolio. And we bought 100 additional shares of Arista bringing our holding to 200 shares. We…
I added 300 shares of Pure Storage to the high growth portfolio at $72.56. This brings the Pure Storage position to 2700 shares and a weight of 9.4% in the high growth portfolio. I was a bit precipitate and caught a falling knife. But I would rather be there than not, and I will remind myself about…
Pure reported a mainly in-line quarter and raised guidance. The shares in the pre-market are down 16%+ although they were up by nearly 7% the day before. Basically, the shares are down about 10% from where they had been before yesterday’s spike. That said, and more relevant for me, over the last month the shares…
As mentioned in yesterday’s commentary, I was considering adding to the position in Unity Software shares. With this morning’s substantial decline in most IT stocks for a variety of reasons, the opportunity was there to add to the Unity position a day before its earnings release. It isn’t my usual style to do something like…
We made some portfolio adjustments in the high growth portfolio this morning. We sold parts of positions in Pure Storage and AppLovin. Very tactical. Pure is now up more than 45% in the last month. Deserved-probably. A bit extended. I thought so. We now have 2400 shares of Pure and that has a weight of 9.48% in…
We added 250 shares of GitLab to our High Growth model portfolio this morning. The shares were down about 9.5% from their previous close due to headline guidance concerns. In particular, despite one of the stronger revenue beats the company has recently reported, and a bookings quarter in which cRPO balance growth remained at 31%,…
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…
Yesterday afternoon was a tense time for holders of high growth IT stocks. Would Nvidia confirm what most implicitly believed with regards to GPU chips? Or was the bloom off the rose. Happy to say, the rose is still in all of its June glory-well roses used to reach peak bloom in this climate in…
Pure Storage reported its results earlier this week. The results themselves were significantly better than the comp-any had previously forecast. And the company provided guidance that also was better than its cautionary comments 90+ days ago. But the reality is that most of the positive share price reaction of the shares was a function of…