A look back at how my November recommendation has played out.

My “high-growth mini-basket” Let’s look at the tape.

The stocks I recommended in November.

• Slack (WORK) 11/20/2020 – $29.24 finished at $45.20 on July 20th and acquired by Salesforce (CRM)
• Twilio (TWLO) 11/20/2020 – $298.31 finished today (08/09/2021) at $376.02
• Square (SQ) – 11/20/2020 – $195.97 finished today (08/09/2021) at $279.73
• Shopify (SHOP) – 11/20/2020 – $988.51 finished today (08/09/2021) at $1,549.99

These four tend to move in tandem.

In the basket until COVID is over:

• Peloton (PTOM) 11/20/2020 – $110.90 finished today (08/09/2021) at $116.58
• Zoom (ZM) 11/20/2020 – $439.60 finished today (08/09/2021) at $383.34

Basket adjacent:

• PayPal (PYPL) 11/20/2020 – $192.67 finished today (08/09/2021) at $278.15

At the time I wrote the following “All of these stocks have extremely high valuations, but they are the future of e-commerce. Zoom and Peloton are included because they are considered “e-commerce” growth companies, but they are really benefitting from COVID as much as anything. All of these offer high beta option plays if you dare. WORK and TWLO are our favorites followed by SQ.”

My recommendation today would be to sell 50% of this basket. Look for a reentry closer to the November prices or lower.

Check back in in six months.

Trauma’s true consequences and effects often show up long after the event that caused the initial harm.

The DOW touched 30k today with the announcement of the Pfizer vaccine.

I think the real economic problems from COVID-19 will show up much much later in ways we don’t expect. I wouldn’t be a buyer here. In fact, I’d go short on the market today. I’m sure I’m playing the role of Cassandra here for market bulls, but I think I’m right. Be careful.

Also gives me a chance to post a clip from my favorite movie of all time, “Trading Places”.