Indices are UP on Chinese data & Obama war less likely.
S&P 500 @ 1682.09, high 1683.77
Internals are positive
Oil Down $2.54
Gold Down $21.80
Canadian $ UP 21 tick @ 96.61
VIX Down 5.69% @ 14.74
In my portfolio :
Sold MU @ $16.49
Bought TXTR @ $40.20.....Stocktrader convinced me in this 50% margin only
Portfolio ANR BAC CLF FNSR TXTR AUY
Most stocks are UP
@ 2.13 following are red :
AUY TXTR JKS JCP M LEN GMCR
AMZN AAPL FB KORS CSIQ
LULU BBRY SU GG GOOG
GRPN CRUS BRCM EGO
SLW AEM ECA WLT
TRLA......
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hey Saleem,
I bought TXTR @ 40.36 average about 40 minutes ago (was waiting for your afternoon blog to post the trade). I may have been less than patient, but really, I've been waiting forever for an entry.
Interesting to see you jumped on as well. I'm sure you are aware of the secondary, and we'll likely see more volatility as they price it.
Stocktrader
Hi Stocktrader,
As you know i almost never buy low volume & money losing start-up...but thought i give TXTR a chance to encourage me to do this again & again....
YES..pricing creates volatility in secondary...but i am ready for more excitement.....
BLOG was delayed due to my "firm price of $40.20".....
Good luck to us with TXTR....
Saleem
Hey Saleem,
I still can't get over that you bought TXTR. I feel like my pick credibility is at stake now on this one guy! :)
On valuation, TXTR is really pretty expensive. The reason is because no competition exists from the full construction software suite perspective (and TXTR's raise of 1M shares is so they can fill in even more), and that fact that the industry penetration is still very small. Investment managers who want exposure to this huge market can only buy TXTR.
For your first foray into the "new" software stocks, I may have suggested CSOD instead as it is a little further along the development curve and has really established itself as the main player along with lower relative valuation (somewhat due to lower growth rate but easier to project in my opinion).
Either way, with your patience, I'm sure we'll come out more than fine :).
Stocktrader
Hi Stocktrader,
Thanks for your "deep analysis" on TXTR & CSOD....
I will definitely put CSOD in my top 20 monitoring list now...based on your comparative analysis.
Who knows..i may surprise you twice.....all based on your "very good in-depth analysis"
Saleem
Hey Saleem,
I just looked again and RALY is super cheap on the standard P/S (or PSG) metric these software companies trade on. You know my take from the conference call--these guys are executing well, with a superior product, and could be near an inflection point. Also, I consider them a takeout candidate for someone like IBM, HPQ, ACN, etc.
Just more food for thought...
Stocktrader
Hi Stocktrader,
OK...RALY got ahead of CSOD now for my second foray.....
Thanks for your ongoing analysis & "good food for thought!!!!
Saleem
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