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…
AppLovin and Unity aren’t really software companies although certainly Unity Create business is based on that company’s game creation software offering. They both reported on Wednesday. That market hated Unity’s forecast and drove the shares down by about 26%; this after a 25% drawdown when Google announced Genie. Unity shares are now down by 52%…
It was a poor way to start the week for holders of Pagaya and Monday shares. I was pleasantly surprised that overall, the high growth portfolio appreciated a bit more than 1% on Monday-but that in no way took any of the sting from the 21% drawdown of Monday shares and the 24% depreciation of…
Thursday was just an awful day for investors in the enterprise software space and Friday hasn’t been much better. Our Ticker Target High Growth portfolio fell by almost 5% and is down by more than 4% today.. Not terribly surprisingly, the IGV ETF-extended tech software fell by a similar percentage while the WCLD ETF fell…
Earnings are at a high ebb and I am trying to provide some thoughts in a timely fashion on the results of those companies likely to be of most interest to subscribers. This morning I am looking at Pagaya in the light of Upstart’s results, Unity and Dynatrace. As additional earnings are released, I will…
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 changes in the high growth portfolio this morning. We sold a bit more than half of our Xometry position at the opening and got $44.39. We sold 900 shares, leaving 700 in the portfolio of 1.59. I will reconsider the position as it is too small on a permanent basis in the…
Lots of companies have reported their Q2 results-several hundred in fact. Within our high growth portfolio 4 companies out of 8 scheduled to report this week have now done so. For the most part, the earnings reports emerging range from good to excellent. Q2 is shaping up to have been a better quarter for software…
Unity shares dipped this morning after their 27% rally the prior week. As mentioned in the commentary which should be received shortly, we have reevaluated our sale of Unity based on data from analysts about the early success of Vector. The data is quite encouraging and we decided to undo the sale, and expect to…
Shares of Rubrik traded down a few percent this morning. The NAV of the portfolio rose because of spikes in Unity and of course Pagaya. This allowed us to buy another 100 shares of Rubrik at $83.41 without changing our overall net long percentage which remains 130%. The purchase cost $8350 and brought our margin balance to…