Trimmed a little from all holdings to make room for another position. My brokerage is not letting me use those funds to buy today so I must have had a settled-funds violation recently but I didn't receive any messages in regards to that so I'm not sure what happened... Anyways, I'll look to buy my new idea tomorrow.
Although this wasn't the idea I had in mind yesterday, the stock I wanted to buy rose 10%, so I changed my mind. A recent IPO with very low float and India ties (which may be announcing the first deal), I'll try a highly speculative stock in a potentially softening risk environment.
A global (mostly China) leader in autonomous driving technology continues to announce major contracts and partnerships. I think the momentum is clearly with this company now and I purchase it for speculation on this Friday profit taking moment.
Bought RZLV @ 2.05 as recent disclosures indicate continued deals resulting in annual recurring revenue above expectations. The momentum is clearly evident and it should have more immediate upside as utilizing AI for enhancing shopping experiences is an early and intuitive use case.
An new note for a portfolio name for anyone that's interested:
Clearwater Analytics reinstated with an Overweight at JPMorgan JPMorgan reinstated coverage of Clearwater Analytics with an Overweight rating and price target of $28, down from $33. The company's acquisition of Enfn should strengthen its positioning among asset managers and hedge funds, the analyst tells investors in a research note. The firm recognizes 2025 is likely to be a transition year for Clearwater, but thinks asset integration "should be seamless" given the compatible cloud-native architectures. It believes the company's acquisition strategy should result in a "comprehensive" end-to-end solution and geographic expansion, facilitating sustainable 20% revenue growth.
*****
This has been one of my sell considerations since it is not performing when the market bounces, but I believe in the story and it's nice to see someone else agreeing with me.
Hi Saleem,
ReplyDeleteNice SLVU gains! Good luck with next pick :)
Stocktrader
Hi Saleem,
ReplyDeleteTrimmed a little from all holdings to make room for another position. My brokerage is not letting me use those funds to buy today so I must have had a settled-funds violation recently but I didn't receive any messages in regards to that so I'm not sure what happened... Anyways, I'll look to buy my new idea tomorrow.
Stocktrader
Hi Stocktrader,
ReplyDeleteBrokerages are very jittery these days based on current market slump. Good luck with your entry with new ideas.....
Saleem
Hi Saleem,
ReplyDeleteBought FATN @ 10.56
Although this wasn't the idea I had in mind yesterday, the stock I wanted to buy rose 10%, so I changed my mind. A recent IPO with very low float and India ties (which may be announcing the first deal), I'll try a highly speculative stock in a potentially softening risk environment.
Stocktrader
Hi Stocktrader,
DeleteGood luck with FATN.....
Saleem
Hi Saleem,
ReplyDeleteSold GENI @ 10.54 on a nice run from the lows on its "defensive" nature and to take profits and re-deploy cash elsewhere
Stocktrader
Hi Saleem,
ReplyDeleteSold AEVA @ 7.35 to take profits and raise cash for new opportunities
Stocktrader
Hi Stocktrader,
ReplyDeleteBooking profit always a good focus....
Good luck with new picks!!!!
Saleem
Hi Saleem,
ReplyDeleteBought PONY @ 7.15
A global (mostly China) leader in autonomous driving technology continues to announce major contracts and partnerships. I think the momentum is clearly with this company now and I purchase it for speculation on this Friday profit taking moment.
Stocktrader
Hi Saleem,
ReplyDeleteBought RZLV @ 2.05 as recent disclosures indicate continued deals resulting in annual recurring revenue above expectations. The momentum is clearly evident and it should have more immediate upside as utilizing AI for enhancing shopping experiences is an early and intuitive use case.
Stocktrader
Hi Stocktrader,
DeleteGood luck with PONY & RZLV....
Saleem
Hi Saleem,
ReplyDeleteAn new note for a portfolio name for anyone that's interested:
Clearwater Analytics reinstated with an Overweight at JPMorgan
JPMorgan reinstated coverage of Clearwater Analytics with an Overweight rating and price target of $28, down from $33. The company's acquisition of Enfn should strengthen its positioning among asset managers and hedge funds, the analyst tells investors in a research note. The firm recognizes 2025 is likely to be a transition year for Clearwater, but thinks asset integration "should be seamless" given the compatible cloud-native architectures. It believes the company's acquisition strategy should result in a "comprehensive" end-to-end solution and geographic expansion, facilitating sustainable 20% revenue growth.
*****
This has been one of my sell considerations since it is not performing when the market bounces, but I believe in the story and it's nice to see someone else agreeing with me.
Stocktrader
Hi Stocktrader,
DeleteAlways good to see your " high conviction " recommendation...
Saleem
This comment has been removed by the author.
ReplyDeleteGood morning Salem & Stocktrader,
ReplyDeleteThank you for your new ideas and recommendations. We know time and effort put in for new research. Truely appreciated!
Simon