We finally pulled the trigger on a portfolio rebalance, eliminating our position in the shares of Veeva, and adding to our holding of Upstart. Overall, the transaction reduced our margin balance by a minimal level of just over $600. Our margin balance is as high as I find comfortable given the vicissitudes that market has…
I am sure that subscribers will recognize that the last few days have seen a rather substantial pull-back in high growth tech names. Some losses have been greater than others. None of the valuation contraction has been based on some particular changes in the outlook for growth names, or their overall operational performance. We will…
It can be daunting to write reviews on the quarterly performance of all the names that we try to follow at Ticker Target. Fortunately, when earnings are well received, your writer doesn’t feel quite as stressed to deliver some kind of hasty commentary. And it is helpful to know that the crop of earnings that…
Several software companies reported their results on, Sept. 1. 2021. Almost all of the results were upsides; in some cases the shares responded positively, in other cases not so much. I try not to get particularly focused on how shares respond to quarterly announcements as there are so many variables that go into setting short-term…
Earlier today, we made another change in our high-growth portfolio. We sold about 50% of our position in Atlassian-132 shares at $240.09. This sale raised about $31,685. Atlassian is a great company with a long runway of growth. But the shares have gained 25% in the last month. Part of that gain probably relates to…
After a record setting November for many equity indices, December has opened with a bit of a pause-particularly so for high-multiple, high growth IT names. The dreaded sector rotation came and went in a couple of weeks, leading to a noticeable rally. I would be surprised if December turned out to be quite so ebullient…
The last IT earnings for November were reported on Tuesday. I am going to review the announcements of ADSK, VMW, and VEEV. Dell, which is a company I do not normally review also reported Tuesday evening. It is large and has many moving parts. It is a company that still is dealing with the turmoil…
Last week was one of frustration and concern for investors in highly valued IT names. This segment of the tech space saw another difficult week in terms of share price performance. Sector rotation has continued. Some subscribers are quite concerned at the share price evolution since July 26. While the QQQ index was only down…
I will try to make this as short as possible and long as necessary. Some subscribers like my efforts in terms of diction; all subscribers are going to like it better if I can produce profitable picks. I think the recent crash is epochal in nature. I have seen my share of crashes such as…
We are selling our position in Veeva shares in our model portfolio at Friday’s closing price of $108.87 Our position was 201 shares which we acquired at a price of $58 about a year ago. The sale will net us about $21,900. We are not selling the shares because of any concern about the quarter.…