While Monday was spectacular and rivaled any one day return in recorded history… by any metric… today’s continuation of the upward trend in this portfolio was up an impressive 3.9% and well received…AYX in particular has now bounced back nearly 20% in only those two days. Hope some of you grabbed some shares last week and Monday around $80. It may still get there again, and nobody can predict the timing or duration of this crisis, but I can’t time the bottom and have to believe most of the event is already priced into the predictive market. Additionally, it is the SaaS and digital revolution companies who have already mastered working remotely and are thriving, profiting and growing in this crises. Regardless, I strive to buy great companies, with strong growth and very healthy balance sheets (lots of cash!) and wait for the stock to eventually reflect their incredible performance. If you forgot how incredible AYXs quarterly earnings report was just a short 6 weeks ago, please re-read the post above…I am grateful to have added a little to my already oversized positions, by percentage. Cheers and stay healthy!
