Sold ODD @ 64.65 to take profits and make room for a new investment (potentially PONY after the lockup period ends and I think the chances for Chinese de-listing has decreased given the thawing in tensions). Given this is potentially a transition/investment year for ODD, and the valuation is quite full already, I think this is the best candidate in the portfolio to raise funds.
Anyone looking at PONY, I believe the lockup expiration is Tuesday, so there may be some selling that day that creates a buying opportunity. That said, a group of 21 state AGs (separately, but in addition to the group of lawmakers) also asked the SEC Chair to consider delisting Chinese companies, so the investment remains decidedly risky beyond just the volatility.
A specialty manufacturer of precision time and frequency control products it is seeing heavy new interest from the proliferated small satellite domain (per CEO comments). It is not covered by any analysts and therefore has significant room for institutional ownership and support. Backlog is 40% of the market cap and profitability is solid even now. I think it has upside to $30 this year (since there's no analysts I'll be one) as their market positioning and awareness grows.
Sold DAVE @ 198.71 to take profits and look for a different opportunity while the stock rests. There is no doubt they had a great quarter and have business drivers that likely keep the stock moving higher in the future, but barring some new catalyst, it may need to digest the recent gains.
I want to have one cash position available, potentially for PONY depending on the price action (despite my reservations).
Hi Stocktrader,
ReplyDeleteBought HOOD @ $62.50...
Saleem
Hi Saleem,
ReplyDeleteGood luck with SHOP and HOOD as new deployments of capital!
Stocktrader
Hi Salem & Stocktrader,
ReplyDeleteI sold half of FATN position at 11.50 and bought SNAP @8.75 and SHOP @108.
Simon
Hi Simon,
DeleteGood luck with SNAP & SHOP.....
Saleem
Hi Stock Rookie,
ReplyDeleteNice gains on FATN! Good luck with SNAP and SHOP.
Stocktrader
Hi Stocktrader,
ReplyDeleteSold 25% ABX.TO @ $25.93
Added 30% SHOP.TO @ $147.67
Saleem
Hi Saleem,
ReplyDeleteGood luck with the re-positioning!
Stocktrader
Hi Saleem,
ReplyDeleteSold ODD @ 64.65 to take profits and make room for a new investment (potentially PONY after the lockup period ends and I think the chances for Chinese de-listing has decreased given the thawing in tensions). Given this is potentially a transition/investment year for ODD, and the valuation is quite full already, I think this is the best candidate in the portfolio to raise funds.
Stocktrader
Hi Stocktrader,
ReplyDeleteAdded 25% SHOP @ $104.38….
Good move with ODD and good luck with next pick…
Saleem
Hi Salem & Stocktrader,
ReplyDeleteGood luck with more SHOP..
Congrats on ODD gains and can't wait for your new new investment.
Simon
Hi Saleem,
ReplyDeleteGood luck with more SHOP! I see they announced some AI tools today :)
Stocktrader
Hello Salem and Stocktrader,
ReplyDeleteI sold half of ZENV position @1.30 and bought TSLL @11.04 today.
Simon
Hi Simon,
ReplyDeleteGood luck with TSLL...
Saleem
Hi Simon,
ReplyDeleteYes, good luck with some supercharged TSLL!
Stocktrader
Hi all,
ReplyDeleteAnyone looking at PONY, I believe the lockup expiration is Tuesday, so there may be some selling that day that creates a buying opportunity. That said, a group of 21 state AGs (separately, but in addition to the group of lawmakers) also asked the SEC Chair to consider delisting Chinese companies, so the investment remains decidedly risky beyond just the volatility.
Stocktrader
Hi Saleem,
ReplyDeleteBought FEIM @ 19.41
A specialty manufacturer of precision time and frequency control products it is seeing heavy new interest from the proliferated small satellite domain (per CEO comments). It is not covered by any analysts and therefore has significant room for institutional ownership and support. Backlog is 40% of the market cap and profitability is solid even now. I think it has upside to $30 this year (since there's no analysts I'll be one) as their market positioning and awareness grows.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with FEIM plus your " super bullish recommendation "
Saleem
Hi Saleem,
ReplyDeleteSold DAVE @ 198.71 to take profits and look for a different opportunity while the stock rests. There is no doubt they had a great quarter and have business drivers that likely keep the stock moving higher in the future, but barring some new catalyst, it may need to digest the recent gains.
I want to have one cash position available, potentially for PONY depending on the price action (despite my reservations).
Stocktrader
Hi Steven,
ReplyDeleteGood luck with FEIM and thank for PONY recommendation and potential buy next week. Enjoy your long weekends everyone.
Simon