PLURALSIGHT acquired by Vista

This week COVID90 portfolio stock PLURALSIGHT (PS) was officially acquired and taken private by Vista Equity Partners.  The sale price was $22.50/share.  This is the first of the COVID90 stocks I’ve parted with, and if given the choice, I wouldn’t have sold. I think PS could easily have gone to $30. As to my overallContinue reading “PLURALSIGHT acquired by Vista”

February Tech Unwind- buying the dip

The Tech Unwind and the Rotation out of Stay-at-Home stocks accelerated this week with the NASDAQ declining 4% and dropping below its 50dma; while the S&P 500 absorbed some of the buyers, thus faring better, down only 2.5% and holding at its 50dma. Because of the underlying economic data, and recent stock market price action,Continue reading “February Tech Unwind- buying the dip”

The economy is going to run HOT

There are LOTs of people fearful of a BIG stock market correction.  They’re paranoid for several reasons, one of which is that the Market has run up so much lately.  I can’t predict the future, but experience (over 35 years of investing) tells me that given current market conditions, a correction would be a buyingContinue reading “The economy is going to run HOT”

Copper price foretells the post-election Stock Market Rally

Many people were pessimistic heading into the 2020 presidential election.  But the price of Copper was foretelling a stock market rally. Prior to Trump’s surprise win in 2016, the price of Copper was stagnant. (see chart)  Once he won, both Copper and the stock market rallied for the next 12 months. Prior to this year’sContinue reading “Copper price foretells the post-election Stock Market Rally”