US stock market is making new all time highs.....
Nasdaq showing " renewed strength " ignoring all skeptics....
Gold @ new all time high....again.....
Bitcoin basing near $95K to $99K.....
NVDA moving towards new highs.....
AAPL on the move again....
META on an uninterrupted tear....20 straight days and counting....
Even MU is coming to life despite adjusting realistic margins....
SMCI had the best GAINS in a long time......
A well diversified portfolio is working like a charm.....
HAD my best week last week......
Last week UP 11.13%
YTD UP 19.00%
Here is my portfolio weighting :
GOOG 19.38%
TSLA 14.06%
AAPL 10.96%
AVGO 9.99%
SMCI 9.81%
NVDA 9.77%
MSFT 7.45%
BRK 6.74%
MU 4.25%
BTCC 3.91%
RIOT 3.68%
BLOG does NOT give buy or sell.
Saleem
Hi Salem,
ReplyDeleteThank you for the Sunday's blogs. Congrats on a nicely weekly gains. Hopefully it'll continue till year end :-) Happy to see your health getting better each day.
Simon
Hi Simon,
DeleteThanks for your positivity for my health & happiness, YES $$$ helps in overall well being....
Saleem
Hi Saleem,
ReplyDeleteSold ATOM @ 6.03 avg
Sold BMR @ 3.48 avg
In reviewing the portfolio, I felt I needed to sell the broken charts even if there's potential in the companies/products still, but with timeline that is unclear even if they do work out.
Bought PRAX @ 84.60
A strong chart in biotech, I used this opportunity to buy the dip. They have multiple Q1 catalysts and there's growing optimism for those developments.
Added to TNA @ 43.89 earlier this morning as a placeholder until I find new ideas. I think the underlying economy continues to plug along while some of the inflationary effects may be abating which could provide a positive backdrop for the broader market and not just tech.
Stocktrader
Hi Saleem,
ReplyDeleteGreat week you had once again! I hope the health and the portfolio continue to progress well :)
Stocktrader
Hi Saleem,
ReplyDeleteLast week: +1.26% (YTD: -5.35%)
Portfolio Leaders: ATOM KRUS CNK RBRK
Portfolio Laggards: LYFT BMR ODD ZENV
It was a modest week for the portfolio as the market overall gained also. A mixed bag of winners and losers was the backdrop as individual names and earnings were reported. I continue to see the economy overall as acting better than expected with a job market that remains very solid, allowing for consumer spending and confidence despite noise from Washington. Investor sentiment had gotten quite sour as some darlings fell from grace, and that could provide new fuel for the upside. I continue to favor general economy stocks versus the high value tech, but that trade has not quite worked out yet. I remain patient with my story stocks and await more data points ahead.
Holdings (after today's moves): TNA (1.5x), RBRK PUMP KRUS MHO CNK UPST PRAX PSNL, ZENV (0.5x), cash 5%
I have my eye on a new name, to be revealed later, that hopefully pulls back from its high so I can enter...
Stocktrader
Hi Stocktrader,
DeleteGood luck with more TNA & PRAX.
Appreciated your best wishes for my health which is " on a holding pattern "
Have a review with Cardiologist on 26th February for " status report on my health "
No weight gain YET.....stuck @ 150 lbs.....
Saleem
Hi Saleem,
ReplyDeleteSold CNK @ 28.25 on disappointing bottom line leverage in what was an otherwise strong report
Stocktrader
Hi Stocktrader,
DeleteGood luck with next pick....
Saleem
Hi Saleem,
ReplyDeleteBought DAVE @ 112.91
This was my new pick as a way for lower income customers to gain financial strength and freedom.
Stocktrader
Hi Stocktrader,
DeleteGood luck with DAVE.....
Saleem
Hi Saleem,
ReplyDeleteBought SERV @ 13.19
I wanted to buy something "hot" on this dip in momentum stocks and I think this company has the most immediate upside as they gain traction in their autonomous mobile robots.
Stocktrader
Hi Saleem,
ReplyDeleteSold TNA @ 42.46 to raise cash
Bought SOUN @ 10.81
After a big pullback from the highs, I think the chart and valuation are more reasonable, and I expect continued catalysts and business momentum this year.
Stocktrader
Hi Saleem,
ReplyDeleteFinally sold the last of my ZENV that I'd been slowly selling for a month or so.
Added to DAVE @ 106.51
Added to SERV @ 12.73
Added to UPST @ 79.50
Added to SOUN @ 10.75
0% cash now.
Stocktrader
Hi Stocktrader,
DeleteGood luck with all the adjustments in your portfolio....
Saleem
Hi Salem,
ReplyDeleteGood luck with your favorite SHOP.
Hi Stocktrader,
Good luck with your new additions.
Simon
Hi Stocktrader,
ReplyDeleteMay I ask if you totally closed your ZENV position? Thank you!
Simon
Hi Stock Rookie,
ReplyDeleteYes, I am totally out now. After the strategic announcement I felt like the "good news" people had been waiting for was finally in the stock and the lack of liquidity was making me lose my mind sometimes. There's plenty of good stocks out there too so it's just not a necessary hold for me anymore despite some measure of undervaluation still.
Stocktrader
Hi Stocktrader,
ReplyDeleteThank you for your thesis! Much appreciated sir!🙏