Trading Post Monday April 13th

{ "tldr": { "summary": "The author argues that the recent deep sell-off in software stocks is driven by temporary technical factors related to software credit. Believing this downward pressure is nearing its end, the author has initiated long positions in select software companies.", "key_points": [ "Reflexivity between software credit and software stocks caused a deep sell-off recently.", "This technical factor driving down valuations is temporary.", "The software credit side is not large enough to sustain the downward pressure much longer.", "The author initiated long positions in ADBE, ADSK, and VEEV." ] }, "trade_ideas": [ { "ticker": "ADBE", "direction": "LONG", "confidence": 0.75, "sentiment": 0.70, "quote": "Today I committed to a low normal position in each of ADBE and ADSK.", "thesis": "Software stock valuations have been driven down by a temporary technical factor related to software credit, creating a buying opportunity as the downward pressure exhausts itself.", "instrument": "shares", "timeframe": "medium-term" }, { "ticker": "ADSK", "direction": "LONG", "confidence": 0.75, "sentiment": 0.70, "quote": "Today I committed to a low normal position in each of ADBE and ADSK.", "thesis": "Software stock valuations have been driven down by a temporary technical factor related to software credit, creating a buying opportunity as the downward pressure exhausts itself.", "instrument": "shares", "timeframe": "medium-term" }, { "ticker": "VEEV", "direction": "LONG", "confidence": 0.75, "sentiment": 0.70, "quote": "I bought a slightly larger position in VEEV.", "thesis": "Software stock valuations have been driven down by a temporary technical factor related to software credit, creating a buying opportunity as the downward pressure exhausts itself.", "instrument": "shares", "timeframe": "medium-term" } ] }