[from the 11/23/2015 edition of Smart Tech 50 Weekly Movers]

We are moving Nimble Storage (NMBL) to ‘Hold’ in the Next Wave Portfolio, as we need to see proof that the business has stabilized. Nimble over the next two or three quarters must show it’s capable of handling intensified pricing pressure from larger competitors and resolving the company-specific execution issues that were behind the October quarter’s 7% top-line miss compared to the consensus estimate. In the meantime, the current low valuation increases the odds Nimble attracts an activist investor who would push for a sale of the company.

Also, our “trading buy” in Alnylam Pharmaceuticals (ALNY) was triggered on October 9th at $85, and last week we got stopped at $100 for a quick 15% profit. You haven’t done so already, sell ALNY.