We made some portfolio changes this morning. We sold 100 shares of our Snowflake position at $266.99. This raised $26,690. We now have 500 shares of Snowflake which has a weight of 7.11% in the high growth portfolio. As discussed earlier, we bought 400 shares of Dynatrace at $46.89. This cost $18,765. We now have…
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…
After a reasonable day in terms of stock trading on Monday, the last couple of days have seen a noticeably sharp sector rotation. There are any number of reasons for that kind of action. Perhaps it was the Palantir plummet, perhaps concerns over the Jackson Hole presentation coming from the Fed Chair, or perhaps from…
I mentioned in yesterday’s article on Tariffs and the market panic, that I was placing some limit orders. $ of them were recently filled. The high growth portfolio added 100 shares of Rubrik at $50.01 taking the position size to 1600 shares; 50 shares of Snowflake at $128.01 raising the position size to 450; 150…
I often write about being a long-term investor. Obviously the portfolio move above is not consistent with that strategy. I entered a small position in Mongo shares a few months ago. I was counting on a growth rate inflection. The inflection came all right-but it was in the wrong direction. I think when a mistake…
A bit of alliteration-perhaps intentional. I have gotten more than a few questions on what tariffs will mean for the market-and very specifically the Ticker Target High Growth portfolio. In the short term I imagine the impact is obvious. The Ticker Target high growth portfolio has fallen about 17% since it hit a high little…
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…
This week has seen earnings from several significant IT vendors. In general, earnings were strong-they exceeded expectations for both revenue growth and profitability. In particular, two of the constituents of the Ticker Target high growth portfolio, Snowflake and Global-e reported strong results, and subsequently the shares appreciated noticeably. Snowflake shares appreciated almost 33% on the…
The commentary that we are in the process of publishing suggested that I would take some steps to retain the net long exposure at or slightly above 135%. It fell a bit last week because of the increase in the NAV of the portfolio. So, to keep the net long exposure consistent, I have added…
1) Pure Storage: Pure finished Tuesday down 7.7%. At this point, there is nothing published to account for the rather noticeable share price reaction today. I have looked for something on a variety of sources including Briefing, and Bloomberg without seeing anything-either positive or negative. Last week shares of Pure, as were called out in our…