Why did we start TMT Breakout?
I have spent over 20 years investing in technology stocks – close to 17 of those years on the buy-side, including stints as a Tech PM running 9 figures at a multi-manager hedge fund and as a Tech Media Telecom sector head at a $Bn+ HF. Over the years, I have witnessed the nature of the investing game change — with the proliferation of alternative data intra-q checks, pod-shop hedge funds operating on shorter time frames, heightened volatility, quarterly reports getting pre-traded on 3p data, and the ever-increasing importance of understanding positioning & sentiment, it is unmistakably evident that there has been a permanent transformation in market structure. Investors are feeling frustrated and discouraged.
In Tech, time frames have compressed even more than other industries — whether you are an institutional or retail investor, having the right piece of news, knowing what is driving a stock price move on a given day, understanding the most prevalent narratives driving a stock, and being aware of sentiment/positioning has become of utmost important to perform well (or at the very least not get run over). Stocks frequently experience large outsized moves a lot quicker than in the past: it used to be an abnormality to see a $10Bn+ market cap company move 5%+ in a single day – now it’s just another day at the office.
At TMT Breakout, not only do we aim to pass along snippets of all relevant stock-moving research and datapts in tech, but also provide relevant trading commentary around sentiment and positioning, stock narratives and ideas (both long and short), and which pieces of information we expect to move stocks so readers can understand stock action and better capture the alpha from how these pieces of research, data, news and earnings move stocks, ultimately allowing your trading and investing better odds of succeeding.
What do we offer?
TMT Breakout has grown to over thousands of subscribers in just a year and is now a top 15 paid finance Substack. TMT Breakout aims to be your own TMT specialist and pass on the most important and relevant technology, media, and telecom stock moving research, trade ideas, datapts, and news along with our own commentary every day before market open and a daily recap after the close. You will also have access to TMTB Chat (our substack chat), which has a thriving and active community of investors ranging the spectrum from buysiders to retail talking stocks/tech every day.
In addition to our work as a daily “TMT specialist on steroids,” as part of our TMTB Pro Tier, we call out ideas when we have high conviction as part of a weekend note. Our favorite one from this year: We pounded the table on CVNA at $40 early in the year. See here. As part of TMTB Pro Tier, you also get positioning/sentiment writeups (see here and here for examples). For recent examples of Pro Tier writeups see here, here, here, here, here