Month: June 2021

Asana is the best performing cloud stock this year. The I/O Fund discusses how they identified this opportunity by using a blend of fundamentals and technicals to remain with the stock through the growth selloff. I/O Fund also added to the position in May for an 85% gain in under a month. In February, the I/O Fund entered Asana (ASAN) and we held this position through the growth rotation, On May 20, we added to Asana (at $33.25) as a momentum play and held a webinar explaining our entry. It was confirmed that Asana was outlining a common uptrend pattern…

I recently joined the ‘Building Wealth’ podcast with Rajeev Aggarwal. Among several other topics, we spoke about why the I/O Fund thinks having some exposure to Chinese stocks is a good idea, and our long-term view for crypto investments You can watch the full interview here. Bitcoin and Ether. YOUTUBE VIDEO HERE: Investing in crypto requires a different mindset than investing in individual stocks, especially because crypto tends to undergo significant drawdowns, which can shakeout weaker hands fairly easily. Also, we are not crypto enthusiasts; instead, we are only interested in revolutionary tech with large addressable markets. That limits our focus…

The last few months have been difficult for tech growth investors. In isolation, it would appear that the party is over, and the broad market is likely to follow. However, if we track where the money is flowing, it appears that the standard safe haven plays, like Staples, Utilities and Gold, are not receiving the bulk of the rotation. Instead, money is flowing into transportation stocks, industrial stocks and financials. This does not hint at a pre-recession bear market, and instead appears to be quite bullish for a long-term advance. Furthermore, if we note the outperformance of the equal-weight S&P…