Yesterday, when we reported a purchase of 100 shares of Everpure Storage we mistakenly indicated that the purchase had cost $121,510. That was a mistake. When we reviewed our position and margin balance logs th8is morning the error became obvious and it was flagged as well by a sharp eyed subscriber. The actual cost of…
This morning Braze announced that it had agreed to a buyout by Salesforce at $47.50. That is a 58% premium. The high growth portfolio has a 3500 share position-3.18% weight in the shares. We have sold that position at $45.50, I don’t see any buyers topping the Salesforce bid and I don’t feel that the…
Yesterday was a day of panic. Some of it is related to the “hot” inflation numbers. That is real enough. But some of it related to an article by Gartner, a well-known industry consultant, Gartner forecasting that 80% of the neo clouds would be “gone” by 2030. Yes, this is where I get into a…
We had planned to add to the Nebius position this week but it never reached our limit price. That said, Bloom Energy shares fell noticeably because of continued controversy with regards to the Dona Ana, NM data center that its technology is meant to power. Today, Oracle invoked Force Majeure, sending a letter to the…
A somber day for me-I lost one of my favorite clients this day-a mother of 3 small children. I still have a hard time understanding a world that lets that happen. The high growth portfolio made some portfolio changes this morning at the opening. A lot of times I read headlines that are either not…
The High Growth portfolio eliminated its 5000 share holding in SentinelOne at the opening today. I was disappointed not to see any significant growth inflection. The company seems unable to achieve any kind of sustained growth above 22%. The shares are cheap enough with a projected EV/S at 5.5X. But what seems to be happening is that…
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…