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…
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%,…