Puru Saxena @saxena_puru Twitter profile

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Puru Saxena

@saxena_puru

3 days

I've listened to your feedback and am building my new research firm...stay tuned!

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Puru Saxena

@saxena_puru

3 years

I was wrong about Bitcoin's price action - Earlier in the year, I stated that Bitcoin's bubble had popped and the party was over. Well, after ~50% decline, Bitcoin has now closed at an all-time weekly closing high. This means, my assessment was wrong and the bulls were right.

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Puru Saxena

@saxena_puru

3 years

First they tax you when you earn your salary, then they tax you when you take risk on your savings + generate capital gains with your already taxed savings and after you die, they tax you again and take away 40% of your already twice-taxed estate!

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Puru Saxena

@saxena_puru

3 years

Buyers and sellers determine price - this is how the market is meant to function. Not fair for billionaires to determine what price action is legit and what isn't! When they are making $, its all legit but when they get taken to the cleaners, they want to change the rules!?

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Puru Saxena

@saxena_puru

1 year

$TSLA stock is declining not because of @elonmusk 's selling or $TWTR involvement but due to the fact that the risk free rate has spiked over the past year and the economy is headed towards recession. This is what stocks (especially auto OEMs) do during this phase of the cycle.

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Puru Saxena

@saxena_puru

2 years

@elonmusk Please get rid of all bots who tap into Twitter's API and automatically respond to all comments from followers with fake Telegram accounts. Please clean up this platform... No more fake/anonymous accounts.

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Puru Saxena

@saxena_puru

2 years

This man is a warrior - a real leader (other politicians should learn something from him)!

Reuters

@Reuters

2 years

Ukrainian President Volodymyr Zelenskiy on Friday posted a video of himself alongside other Ukrainian officials in the governmental district of Kyiv, confirming that he is still in the capital

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Puru Saxena

@saxena_puru

3 years

You spend $150,000 and 3/4 years on a finance degree and learn all about the "Efficient Market Hypothesis"... Then, you come across the post-COVID QE environment when stocks increase 5/6/8/10X in a year and then you encounter Gamestop Efficient market hypothesis - RIP 😆

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Puru Saxena

@saxena_puru

2 years

The relentless selling in growth stocks over the past week shows my assessment was wrong. Despite 70-80% declines, most growth stocks are still getting shot and declining more than the indices. Rising long rates hurting long duration. My timing of re-investment was premature.

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Puru Saxena

@saxena_puru

3 years

After investing for 20+ years, its not the big sell-offs which bother me (they reduce future risk and increase future returns). Its the quick parabolic spikes in my stocks which really make me anxious because logically, they increase future risk and lower future returns.

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Puru Saxena

@saxena_puru

3 years

Fund manager crushes the indices for years; has one big drawdown over 2 weeks and the haters claim she is finished - unreal!

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Puru Saxena

@saxena_puru

3 years

Updated portfolio - $ADYEY $AFTPY $ACTC* $BAINF (4477 Tokyo) $BIB $CRWD $CURI* $DOCU $DKNG $FUBO $IPOE* $MELI $OPEN* $OZON $PLTR $PINS $ROKU $SE $SHOP $SKLZ $SQ $STNE $TWLO $VRM * = new position (will post info on each co. tomorrow)

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Puru Saxena

@saxena_puru

3 years

$TSLA buying $BTC has pushed price > $44,000 This new ATH confirms that my view about Jan blow-off top was incorrect. My assessment was wrong; bulls were right. Congrats!

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Puru Saxena

@saxena_puru

4 years

Some lessons I've learnt - i. Only invest in the very best high-growth businesses ii. Pay up for a compounding machine iii. Quality > valuation iv. Invest when mgt. is top notch v. Hold onto winners; be ruthless in cutting losers vi. Be wrong; but don't stay wrong

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Puru Saxena

@saxena_puru

3 years

I'm not a Trump fanboy but I recall the media mocking and laughing at him when he kept saying a pharma company told him a vaccine was coming soon. Well, the vaccine has been confirmed just now. Where is the media now? Who is holding them responsible?

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Puru Saxena

@saxena_puru

3 years

Media + regulators were very worried about the health of the market when the Reddit crowd was buying few stocks and squeezing the whales. Now, whales are shorting perfectly healthy businesses and their stocks are tanking 20-30% in a day and all we hear is..........crickets!

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Puru Saxena

@saxena_puru

3 years

Thank you for the hundreds of kind messages applauding me for acknowledging that I was wrong about Bitcoin's price action. The market proved me wrong, so I acknowledged my mistake - I was wrong. Spoiler alert - That wasn't my last mistake, I'll be wrong again in the future.

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Puru Saxena

@saxena_puru

3 years

After the insane rally in growth stocks in January/February and the equally idiotic smash in March, all books written on the "Efficient Market Hypothesis" should be destroyed. The market is an emotional mob!

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Puru Saxena

@saxena_puru

3 years

I normally don't post this mid-month but these aren't 'normal' times. My entire portfolio has now quadrupled in 2020! Never even dreamt of such a pop in a year and no idea when the festivities will stop, but I'll take it. In the investment business, this is as good as it gets.

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Puru Saxena

@saxena_puru

2 years

Lessons from this cycle - 1) Liquidity drives markets 2) Monetary policy works with a lag 3) Stocks discount the future 4) What matters is the return over full cycle 5) Time to be greedy is during Stage 2 6) Stocks should be sold during Stage3 7) No buying/longs during Stage 4

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Puru Saxena

@saxena_puru

2 years

Very easy to get caught up in the news of the hour, but after 50-80% crash behind us, high growth stocks should be bought on dips (not sold). The next 4-5 weeks might be tough but this is a massive long term buying opportunity IMHO. The time to panic was last year.

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Puru Saxena

@saxena_puru

2 years

A number of you have asked, so sharing my buy list - $ADYEY $AFRM $CRWD $DDOG $DLO $GLBE $LILM $LSPD $MELI $MNDY $MQ $OKTA $PATH $S $SE $SNOW $TOST $TWLO $U $ZI These are the stocks I'm planning to scale into over the following weeks... *This isn't advice, do your own DD.

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Puru Saxena

@saxena_puru

3 years

When hedge funds 'collude' and discuss top picks at Ira Sohn (and prices move as they speak), that is legal + legit. When 2.5 million retail investors spot an opportunity to make money and 'collude', that is totally illegal + not legit. Brokers then collude to screw them!

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Puru Saxena

@saxena_puru

2 years

To all the trolls who ridiculed me for warning against the looming carnage and to all the anonymous 'value' accounts who declared I'll go up in flames during the eventual bust.....apology accepted 🤗❤️

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Puru Saxena

@saxena_puru

1 year

Interesting information from Stanley Druckenmiller - Whenever crude oil, US Dollar and interest rates spiked in tandem in a given year, $SPX EPS declined by ~35% during the following year (no exceptions). Wall Street analysts are asleep at the wheel, buckle up!

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Puru Saxena

@saxena_puru

3 years

Broker now decides which stocks you can or cannot buy -

Open Outcrier

@OpenOutcrier

3 years

Robinhood will not allow opening positions in $GME $AMC $BB $BBBY $NOK $KOSS $NAKD

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Puru Saxena

@saxena_puru

4 years

So many celebrating someone else getting sick! This is a sick society. Unreal.

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Puru Saxena

@saxena_puru

3 years

The irony!

Robinhood

@RobinhoodApp

8 years

Let the people trade.

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Puru Saxena

@saxena_puru

3 years

Name of this game - Buy panic, sell euphoria Simple concept but hard to implement.

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Puru Saxena

@saxena_puru

3 years

My 10yr old son on Roblox... $RBLX "Its big but it'll keep going up because people buy stuff, its not like they just play it. They buy the in game currency for stuff". His previous recommendation was $TSLA which I ignored!

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Puru Saxena

@saxena_puru

4 years

Two days ago, my portfolio had one of its biggest single day % gain ever (+7.5%) Today, was one of the biggest single day % decline ever (-9%)! These swings are normal and are the price of admission. No pain, no gain. What am I doing about this volatility? Nothing.

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Puru Saxena

@saxena_puru

3 years

Who else is up for 7-day/week stock market? 🤣

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Puru Saxena

@saxena_puru

2 years

This cycle has once again proven that valuations don't mean much both on the way up (euphoria) and on the way down (despair). When Fed is easy, multiples become bloated and when Fed is tight, the markets overshoot to the downside. Liquidity drives markets, end of story.

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Puru Saxena

@saxena_puru

4 years

When I started my career, I used to analyse all sorts of macro data and also listen to the 'experts' to try and predict the future. Years ago, I realised it was a total waste of time and in fact a big drag on my returns. That is when I started *following* the market's trend.

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Puru Saxena

@saxena_puru

1 year

Tesla is the EV king by a country mile - "Competition is coming" not showing up in real data... $TSLA

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Puru Saxena

@saxena_puru

2 years

This bear-market in growth stocks is one for the history books... Over the past 100 years, 70-90% declines have only occurred a handful of times (1929, 1974, 2000, 2008 and 2022). All the prior crashes were massive buying opportunities, this one will turn out to be the same.

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Puru Saxena

@saxena_puru

2 years

A selling climax likely soon... Looking for ~3,700 for $SPX and ~12,000 for $NDX Once we get there and the FED pivots, fortunes will be made on the other side. Most high growth stocks have been crushed + they are now undervalued, so investors should capture entire biz growth.

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Puru Saxena

@saxena_puru

2 years

Sentiment check - Last year, when I repeatedly warned about a big pullback due to the end of QE, the mood was euphoric and most thought a big decline was impossible. Now, after 50-80% declines, when I am suggesting scaling into quality growth stocks, the mood is super bearish!

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Puru Saxena

@saxena_puru

2 years

Interesting - In August 2018, $MSFT CEO sold ~30% of his $MSFT shares, months before December 2018 rout in stocks. A few days ago (22 and 23 Nov), he sold 50% of his $MSFT shares worth $285.3 million. Mr. Nadella appears to be quite familiar with QE cycle!

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Puru Saxena

@saxena_puru

4 years

What I've learnt - i. Own shares of the best businesses you can find ii. Pay up - no reason why quality should be cheap iii. Past is history, look at the future iv. Owning compounders easier than value investing v. Pay attention to the Fed vi. Ignore economic data - it lags

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Puru Saxena

@saxena_puru

3 years

Wall Street goes under, Main Street bails them out. Main Street wins for a change, Wall Street takes them out. Very fair.

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Puru Saxena

@saxena_puru

2 years

A massive buying opportunity likely coming after $NDX $SPX decline ~15% from here. When the Fed backs off, the high quality hyper growth stocks which have been crushed should rocket in H2 '22 and '23. Some more near-term pain but we seem to be getting close...

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Puru Saxena

@saxena_puru

2 years

The sale is on ('22 EV/revenue multiples) - $AFRM -- 12 $GLBE -- 14 $LSPD -- 6 $MELI -- 6 $SE -- 6 $SOFI -- 6 $TOST -- 5 Quality merchandise is being given away... These stocks may go lower in the near-term but the long-term r/r is now pretty decent! Disclosure - I'm long

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Puru Saxena

@saxena_puru

2 years

$ARKK - Perfect Bell Curve! Another bubble for the history books...

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Puru Saxena

@saxena_puru

4 years

15) A few have asked which inv. books had the biggest impact on me; so here you go - 'Common stocks and Uncommon Profits" - Phil Fisher "Beating the Street" - Peter Lynch "Poor Charlie's Almanac" by C. Munger "Warren Buffet & Interpretation of Fin. Statements" - Mary Buffett

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Puru Saxena

@saxena_puru

2 years

We are now in that phase of the bear-market where everything is likely to decline. No stock or risk asset (commodities, crypto, high yield bonds) will be spared -- until the Fed pauses or reverses course, only safe haven is likely to be $ cash. This is a severe tightening.

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Puru Saxena

@saxena_puru

2 years

Two days of strength and FinTwit declaring end of the bear-market..... Not so fast, indices likely to break below recent lows. The final shoe likely hasn't dropped yet.

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Puru Saxena

@saxena_puru

1 year

If this is the start of a new bull-market, it will be the first time in 100 years that a bear-market ended and a new stock market cycle began before onset of recession and with Fed still hiking rates!

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Puru Saxena

@saxena_puru

4 years

"In the stock market, the most important organ is the stomach - it isn't the brain" - Peter Lynch.

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Puru Saxena

@saxena_puru

2 years

All asset bubbles end like this - Bell Curve Judging by the sentiment towards @CathieDWood , high growth stocks appear to be in the capitulation/anger phase!

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Puru Saxena

@saxena_puru

3 years

New high in bitcoin means my view of blow-off Jan top was wrong. The bulls were right. Who bought it, who pumped it is irrelevant. No excuses, my view was wrong.

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Puru Saxena

@saxena_puru

2 years

This is why I run this account - Twitter can be a cesspool of trolls but kind comments like these make it all worthwhile!

Michael Taylor

@mtaylor49701

2 years

@saxena_puru Puru - you’ve had an enormous positive impact on my family’s finances these last few years. Thx a ton for investing the time and energy to help others.

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Puru Saxena

@saxena_puru

3 years

Daylight robbery -

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Puru Saxena

@saxena_puru

3 years

If you started investing in growth stocks in mid-2020, congratulations you're now experiencing your first major stock market correction! Post-March, last year was abnormal - this is how the stock market functions. Stocks go up and they go down.

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Puru Saxena

@saxena_puru

4 years

A few days ago, the Fed essentially told everyone what to do - 1) Buy stocks 2) Sell the US dollar Rule #1 - Don't fight the Fed

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Puru Saxena

@saxena_puru

2 years

$GOOGL $MSFT results show cloud remains strong Software once again defying economic slowdown

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Puru Saxena

@saxena_puru

2 years

The investment business is still the same - Buy fear, sell euphoria. High growth stocks might pullback next week but many are likely to be multiples higher in 2-3 years. The SALE is still on.

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Puru Saxena

@saxena_puru

2 years

"Expensive" growth stocks back to pre-COVID trend - The bubble has already popped...

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Puru Saxena

@saxena_puru

2 years

The chop fest continues.... This is turning out to be an epic bear-market!

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Puru Saxena

@saxena_puru

4 months

Stocks for 2024 (and thoughts on the market) Here is a list of growth stocks on my radar for next year $ADYEY $CELH $CRWD $DDOG $DLO $DUOL $FOUR $GLBE $MBLY $MELI $MNDY $NET $NU $NVDA $ONON $SNOW $TSLA $ZS All of the above are growing rapidly, have long runways and seem to be…

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Puru Saxena

@saxena_puru

3 years

Interesting that due to inflation fears, Bitcoin has climbed to an all-time weekly closing high and even Ethereum is knocking at its all-time high. Perhaps investors are viewing crypto as the new gold?

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Puru Saxena

@saxena_puru

2 years

$ARKK back to its pre-COVID high - All post-COVID gains have been wiped out; the bubble has already popped! Near-term might be choppy but quality high growth stocks likely to generate strong long-term returns. IMHO, this is the time to BUY.

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Puru Saxena

@saxena_puru

4 years

Given the overwhelming response, I'll continue to post my trades and thoughts on companies but what I do with my own money is not and cannot be construed as 'investment advice' or a recommendation to buy or sell any security. I am *only* responsible for managing my own $$$

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Puru Saxena

@saxena_puru

4 years

Portfolio diversification - Quite often, I get told that my portfolio isn't diversified. Looks pretty diversified to me! 😀

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Puru Saxena

@saxena_puru

2 years

Secular compounders trading at similar valuations as the mature consumer staples businesses! This doesn't make any sense. High growth stocks are currently on the bargain table....

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Puru Saxena

@saxena_puru

3 years

Next time you hate Bezos, just remember that his business employs 1,000,000 people all over the world. If people like him are curbed and taxed to death, they might just give up on the idea of establishing world-beating companies and then, we'll have a real problem on our hands.

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Puru Saxena

@saxena_puru

2 years

The same analysts/bankers who were recommending high growth tech stocks at 20-30X revenue are now issuing sell ratings and "double downgrades" on the same businesses at 4X revenue...criminals!

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Puru Saxena

@saxena_puru

2 years

The selling has been brutal So many stocks either near their COVID-crash lows or around their pre-COVID Jan highs --- all QE-gains gone!

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Puru Saxena

@saxena_puru

3 years

Warning - The SPAC + growth stock ramp is now unwinding; many stock charts have formed perfect bell curves (which is a hallmark of every bubble). Cryptos are the last man standing, very hard to get the timing right but that party will also end badly. Only a matter of time.

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Puru Saxena

@saxena_puru

2 years

Can we please just get to around 12,000 on $NDX and around 3,700 on $SPX? This daily chop-fest and "death by a thousand cuts" is getting mildly irritating!

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Puru Saxena

@saxena_puru

3 years

My condelences to those savers who bought DogeCON yesterday, your currency has just depreciated by 31% in ONE DAY. What the US$ has done in approximately 30 years (loss of roughly 30% purchasing power due to monetary inflation), your crypto token has achieved in ONE DAY.

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Puru Saxena

@saxena_puru

3 years

April 2021 - "Bitcoin will never crash again, institutions are coming" May 2021 - "50% decline is healthy pullback, its still a store of value"

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Puru Saxena

@saxena_puru

3 years

Three new stocks I've bought - $AACQ - Origin Materials $LOTZ - CarLotz $SFTW - BlackSky All these have pulled back recently but their projected growth is impressive! Disclaimer - These aren't recommendations; do your own homework/due diligence - its your money.

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Puru Saxena

@saxena_puru

2 years

The outstanding high growth businesses will come roaring back and outperform the indices over the long run. The de-rating process is almost complete and DCA over next 4 weeks or so should reward long term investors. The hatred towards growth is a good sign we are getting close.

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Puru Saxena

@saxena_puru

2 years

Crash in hyper-growth stocks has been epic! So many former high-flyers down 70-80% within 3 months....similar carnage during TMT bust took 3 years to play out, now just 3 months! Markets have become super fast, wow!

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Puru Saxena

@saxena_puru

2 years

Some good news - After this week's sell-off, $NDX Forward PE has come down to 23. If history is any guide, this bear-market likely to end between 18-20X. This implies an additional 15-20% decline before the final low. On watch for $NDX bottoming between 11,500-12,400.

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Puru Saxena

@saxena_puru

2 years

In the financial markets, history rhymes... Liquidity drives markets, don't fight the Fed

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Puru Saxena

@saxena_puru

2 years

The 10Yr/2Yr spread is no longer inverted (it was a very brief inversion). Based on history, unless this spread inverts for 90 consecutive days, the economic expansion is likely to continue...i.e. no recession.

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Puru Saxena

@saxena_puru

2 years

The SALE is now on; compounders are marked down.. 2022-end EV/revenue multiples - $MELI = 5.6 $SE = 5.3 $PLTR = 10 $TOST = 4.3 $TWLO = 6.8 Many other high growth companies also trading at very reasonable valuations. IMHO, this is the time to (gradually) buy the fear.

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Puru Saxena

@saxena_puru

1 year

Can we please decline to ~3,000 on $SPX quickly, so Fed can finally pivot and the new bull market can begin!? Getting tired of posting bearish/negative data and charts....

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Puru Saxena

@saxena_puru

2 years

FAANG era is over. They are past their prime. A new crop of liquid leaders are taking over the baton now and they will deliver the outsized returns to shareholders.

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Puru Saxena

@saxena_puru

4 years

Over the next few days, as this correction progresses, the media will become frantic and many experts will advise you to sell the tech bubble stocks and "rotate" into the weaker cyclicals. That'll be the time to buy the leading growth stocks.

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Puru Saxena

@saxena_puru

3 years

Lockdown everybody, crush small to mid-size companies, destroy jobs/mental health and then give out government handouts. Finally, raise taxes to fund government deficits! Yes, sounds very fair!

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Puru Saxena

@saxena_puru

3 years

1) Portfolio summary - Jan-end $ACTC $ADYEY $AFTPY $BAINF $BIB $CRWD $CURI $DKNG $DOCU $FUBO $IPOE $MELI $OPEN $OZON $PINS $ROKU $SE $SHOP $SKLZ $SNOW $SQ $STNE $TWLO $VRM Return since 1 Sep'16 - A/c +608.25% $ACWI +56.82% $SPX +71.10% Cont..

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Puru Saxena

@saxena_puru

3 years

1) Portfolio summary - Dec-end $ADYEY $AFTPY $BAINF $BIB $CRWD $DKNG $DOCU $FUBO $LSPD $MELI $OKTA $OZON $PINS $PLTR $ROKU $SE $SHOP $SKLZ $SNAP $SQ $STNE $TRIT $TWLO $VRM $YNDX Return since 1 Sep'16 - A/c +548.08% $ACWI +54.85% $SPX +73.02% ...

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Puru Saxena

@saxena_puru

4 years

Perma bears - April - crash is coming May - crash is coming June - crash is coming July - crash is coming August - crash is coming

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Puru Saxena

@saxena_puru

2 years

The rally will be epic - Chart from @sentimentrader

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Puru Saxena

@saxena_puru

3 years

Mid-month portfolio update - $ACTC $ADYEY $AFTPY $CCIV $CRWD $CURI $DKNG $DOCU $EH $FSRV $GHVI $IPOE $LOTZ* $MELI $OPEN $OZON $PINS $PLTR $PSAC* $ROKU $RTP $SE $SFTW $SKLZ $SNOW $TWLO #NQ_F *beaten down rentals Levered long, no hedges in place

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Puru Saxena

@saxena_puru

3 years

Updated portfolio - $ADYEY $AFRM* $AFTPY $ACTC $ACIC* $CRWD $CURI $DOCU $DKNG $IPOE $MELI $OPEN $OZON $PLTR $PINS $PSAC* $ROKU $SE $SHOP $SKLZ $SNOW $SQ $STNE $TWLO $VRM *new positions

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Puru Saxena

@saxena_puru

3 years

In other news $PLTR can now turn water into wine - Stock +25% today!

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Puru Saxena

@saxena_puru

2 years

QE ---> +400-600% gains in stocks in 1 year QE-end ---> 50-90% declines in a few months Yet business schools and investment books still claim that the Efficient Market Hypothesis is for real!

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Puru Saxena

@saxena_puru

2 years

Shopify stock (-)16% today because management stated 2022 growth will be lower than last year. For months, consensus estimates have been hovering ~30%pa growth in '22 and '23, yet they murdered the stock today! This is how 'efficient' the stock market is. I'm now long $SHOP

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Puru Saxena

@saxena_puru

4 years

2/2) obligation to post all my trades and/or put up with disrespectful and ridiculous comments. If you don't like my posts, very easy to 'unfollow' me but if you keep posting unnecessary comments with the intention of insulting me or others on my timeline, you'll be blocked.

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Puru Saxena

@saxena_puru

2 years

The 10yr/2yr UST yield curve briefly inverted today. According to my studies, 90 consecutive days of inversion has been a valid recession signal. Fleeting inversions have always been 'head hakes'.

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Puru Saxena

@saxena_puru

2 years

$ARKK now back to where it was in Feb '20! $ARKK holdings' revenues/cash flows have grown significantly over the past 2 years but ETF back to levels last seen 2 years ago. The bubble has already popped and with 50-80% declines in growth stocks, crash is in rear view mirror.

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Puru Saxena

@saxena_puru

1 year

Same story all year - Retail FOMO buying, institutional selling Peak inflation is yesterday's news, the story for 2023 will be economic downturn and earnings decline which hasn't been priced in yet at the index level.

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Puru Saxena

@saxena_puru

4 years

1/2) Gentle reminder - I don't run a paid service and don't manage investor capital. Neither am I answerable to anybody about what I do with my own portfolio. I post my trades/thoughts on here to interact with other investors and (hopefully) help newbies. I am under no...

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Puru Saxena

@saxena_puru

2 years

In the investment business, everyone gets it wrong... No investor or trader on the planet is right all the time. What matters though is how much you make when you are right and how much you lose when you are wrong.

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Puru Saxena

@saxena_puru

3 years

Follow up - In between all of the above taxes, they also tax you annually for owning your home and finally, they tax you when you spend your money via sales tax + VAT. Unreal.

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Puru Saxena

@saxena_puru

2 years

The market's reaction is more important than the news - Growth stocks holding steady today despite super hot CPI print and many names now green. Bottoms form when the worst has been discounted (when the news is still dire).

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Puru Saxena

@saxena_puru

3 years

Note to self - NEVER invest in a business, just because it is cheap NEVER compromise on quality, PAY UP!

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