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Puru Saxena Profile picture
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8 Mar, 4 tweets, 1 min read
Increasing my gross exposure today
Friday seemed like capitulation and after sharp sell-off earlier in pre-market today, stocks are recovering.

A big rally today and +ve close will be telling IMHO
On Friday, after open my a/c was down ~10% and it closed the day almost flat.

Today, pre-market my a/c was down ~5% and is now +ve

Selling is now getting absorbed; so far so good.
Selling resumed in many growth stocks today but most stayed well above Friday's low.

Broad indices (ex-tech) unfazed again today which further supports the notion that this is simply a rotation out of growth stocks.

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More from @saxena_puru

Puru Saxena Profile picture
7 Mar
Interesting this reset in growth stocks hasn't spilled over to broad indices...yet.

Most indices are still trading near their ATHs and this suggests that this sell-off in growth land is simply a normal rotation after massive run and not the start of a broad based bear-market.
History doesn't repeat but this sell-off in the high growth stocks appears to be similar to the rotation we experienced in autumn 2019.

Back then, growth stocks tanked temporarily whereas the broad indices stayed strong. That was followed by a powerful rally and new highs.
Between March '20-Feb '21, due to COVID-19, capital flocked to the obvious winners (ecommerce, software, streaming etc) and fled from the most affected industries.

This caused a massive distortion in the markets and pushed the winners to absurd valuations.

Notable that...
Read 5 tweets
Puru Saxena Profile picture
6 Mar
Few soothing weekend charts -

Note - the time to panic is before the crash (not after)

Strong stomach > super high IQ💎 🙌

Chart 1) $ARKK / $SPY ratio (chart from @TKPTrader )
Chart 2) Proxy for high growth/innovation stocks $ARKK

Last week, I said keep an eye on the 40-wk EMA - look where the selling stopped during Friday's 'puke'
Chart 3) Super low gamma exposure (even lower than March 2020 crash!) Look what happened to $SPX after previous low prints - 🚀

H/t @PatternProfits for highlighting this

The news might be scary, the bears might be chirping, your stomach might be knotted but this too shall pass.
Read 4 tweets
Puru Saxena Profile picture
26 Feb
1) Portfolio summary Feb-end -

AACQ ACIC ACTC ADYEY AFTPY CRWD CURI DKNG DOCU GHVI IPOE MELI LOTZ OPEN OZON PINS PLTR PSAC ROKU RTP SE SFTW SHOP SKLZ SNOW STNE TWLO VRM

Return since 1 Sep'16 -

A/c +644.58%
$ACWI +59.83%
$SPX +75.56%

Cont...
2) CAGR since inception (1 Sep '16) -

Portfolio +56.23%
$ACWI +10.98%
$SPX +13.32%

YTD return -

Portfolio +16.94%
$ACWI +1.68%
$SPX +1.47%

Cont...
3) Biggest positions -

1) $MELI 2) $SE 3) $OZON 4) $PINS 5) $AFTPY

Commentary -

During the month, I made a few changes --> sold a few over-extended and disappointing stocks and bought into some new hyper-growth, more reasonably valued SPACs....
Read 13 tweets
Puru Saxena Profile picture
17 Feb
On 'pumping' stocks -

When I post about a company, I always disclose my personal interest (if any). I don't have to do this but do so out of courtesy and ethics, so others know if I have skin in the game or not.

I never tell anybody to buy or sell any security, neither...
... do I know who follows my account or reads my posts.

So, the notion that I pump stocks for my personal gain is ridiculous! For starters, I predominantly invest in mid to large-cap companies (not micro-caps or penny stocks) and even if a stock moves a bit due to my post,...
...as someone who tends to own shares for weeks/months and even years, any movement over a single day is largely irrelevant.

I post my thoughts on here because am passionate about investing and happy to share the knowledge I've picked up over the past 20+ years. Thats all.
Read 4 tweets
Puru Saxena Profile picture
16 Feb
A number of you have asked so happy to share some good services which pick growth stocks -

@OphirGottlieb
@7Innovator
@investing_city
@FromValue
@Beth_Kindig
@themotleyfool

* I'm not affiliated with any of them, neither am I getting paid for this - hope this is helpful.
In case you are a trader, here are some solid accounts -

@PatternProfits
@TMLTrader
@TCMLLC
@canuck2usa
@cfromhertz
@TraderAmogh
@traderstewie
@TraderMentality
@chessNwine
@alphacharts365
@markminervini
@duckman1717
@JonahLupton
@RichardMoglen
@AnthonyMaceroni
Here are some more -

@jaywhitcraft
@MartyChargin
@mjekm5
@Sandman7591
@livetradepro
@SteadyOptions_
@FusionptCapital
@mwebster1971
@Trendspider_J

Finally, if you are into microcaps @iancassel is your guy.

* I'm not affiliated with anybody, nor am I on their payroll.
Read 6 tweets
Puru Saxena Profile picture
8 Feb
Now that the job is done, $BTC logo missing from profile -
In December '20, @elonmusk devalued $BTC (probably around the time when $TSLA was buying it) -
In January '21 (after quietly buying $1.5b worth of $BTC in late '20 with $TSLA cash), @elonmusk started pumping bitcoin and even added $BTC logo to his profile -
Read 5 tweets

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