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 some changes in the high growth portfolio this morning. Shares of Everpure continued to spike. The spike today probably relates to an upgrade by the analysts at Susquehanna who raised their rating to a buy with a $125 PT. In addition, Morgan Stanley raised its PT to $108. The run in the shares…
Everpure shares have recently spiked. They are up by almost 14% over the past week. I decided to trim the position in the high growth portfolio and sold 400 shares at $88.51. The sale raised $35,395. . This reduced the position to 2400 shares with a weight 6.91 % in the high growth portfolio. The portfolio…
This has been an eventful day. Overall, the high growth portfolio is fluctuating with a modest positive change as I write this as some of the negativity regarding software shares has relaxed a little in the wake of a less threatening presentation from Anthropic. . But Pure Storage has fallen noticeably and Shift4 has fallen…
I made 3 changes in the high growth model portfolio this morning. I was surprised to see Figma actually down after the results it reported. I am not sure how that happened, but it did and I took advantage of what I considered an anomaly. While the shares have risen by about 6.5% while writing this, this…
The market resumed its AI disruption trade this morning. There has been no news-just various articles reporting what has happened rather than any analysis of the outlook for this trend. It is frustrating and even scary to watch these stocks trade at valuations as low as ever seen based on a thesis that is divergent…
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…