After 3 days of relative decent performance in the software space, the paradigm seen last August continued today. That is despite numerous indications that the enterprise software space had a fairly strong Q4. We bought 1000 shares of Navan in the high growth portfolio as a starter position. Part of the reason we made this…
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…
We decided to take some profits on our Zscaler position which has risen by more than 80% so far this year and has reached a rather substantial valuation above average based on my estimates. The sale of 250 shares at $325.39 raised $81,340. We still have a position of 350 shares and that has a…
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…
The market continues to trade in a consolidation mode, and we took some actions today. Although objectively the inflation news was reasonably positive, and initially stocks rose, selling resumed shortly after the opening. The consolidation trade may last until earnings season gets underway. Or it may last until the next Fed policy meeting. My ability…
I made some portfolio changes on an opportunistic basis. There were no news event that motivated these transactions; simply a desire to take advantage of some share price anomalies. This has so far been a “Tuesday against the trend” day. It is also the day before the Fed’s decision on short term rates. At this…
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…
I am getting this to subscribers a bit later than normal-last week’s post ran too long so this was not included. Then too, with the excitement with regards to Oracle and Nebius, my scheduling got severely impacted. Here is the list: the first 3 ideas are the companies that have just reported, i.e. Oracle, Nebius…
I made some changes in the high growth portfolio this morning. I sold 50 shares of the AppLovin position, reducing the holding to 225 shares. The shares have come a long way in a short time and lately appreciated on the inclusion of the shares in the high growth portfolio. We sold 50 shares at $571.99 and…