Always nice to wake up to another flat day in the market in anticipation of the fed and unrest in the Middle East…while the portfolio is…well…happy to report all green again…and up very nicely.
Why can’t it just go up every day?! 😜. 23 days into the month and we finally get the first all red day. The portfolio has been screaming, though. Don’t fret if you just bought yesterday or today, but this is why I buy in tranches. All my positions were bought in at least three different purchases. Some like TWLO were more than 10 different purchases over the past two years. Yesterday was another high for the portfolio for the year after many positive days in a row and an incredible June. I would not be surprised to see it give up some of the incredible gains, but I believe these companies can all 5x themselves…well all perhaps except CRWD which is already very Richly valued…hence the low allocation. Cheers!
Just received the following article. It’s a good basic explanation of the difference between fundamental investing (what I do) and technical investing (or trading, as I call it). It’s a quick read, but worth it to understand the difference if you don’t already know.
https://valliantnews.com/2019/07/23/stinging-investors-pi-levels-of-elastic-n-v-nyseestc-at-1-31804/
PS- I personally would discount (give lower significance to) the Piotroski F-Score mentioned in the article…it is a traditional method that does not take into account the rapid pace of growth of ESTC revenue and other factors like recurring revenue.
