The amount of carnage in the future growth stocks is really incredible now. BKSY, for example, is down 50% in just a month and others in my portfolio are down 30%+ in that same time.
I'm looking to trim some current positions to make room for a new pick today.
Trimmed most existing positions to buy AIP @ ~14.86 avg
A great looking chart for this semiconductor IP company, they are gaining marquee clients (including AMD), and I think this could run from here as revenues ramp.
It certainly is but I see no reason for the bull to suddenly have ended right here. The voracity of the rotation caught me off-guard but valuations in all but the largest caps are still rational I think, even in these future growth stocks.
Hi Saleem,
ReplyDeleteGreat AMD trade! Good luck with next pick :)
Stocktrader
Hi Saleem,
ReplyDeleteThe amount of carnage in the future growth stocks is really incredible now. BKSY, for example, is down 50% in just a month and others in my portfolio are down 30%+ in that same time.
I'm looking to trim some current positions to make room for a new pick today.
Stocktrader
Hi Salem & Stocktrader,
ReplyDeleteAwesome trade with AMD..
Sold ANAB for lost to raise cash.
Simon
Hi Saleem,
ReplyDeleteTrimmed most existing positions to buy AIP @ ~14.86 avg
A great looking chart for this semiconductor IP company, they are gaining marquee clients (including AMD), and I think this could run from here as revenues ramp.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with AIP.
Simon
Hi Stocktrader,
ReplyDeleteStock market is a landmine, always negative reaction, thus " extreme caution " is required in picking / trading...no guarantee of profit ever....
Good luck with AIP....
Saleem
Hi Saleem,
ReplyDeleteTrimmed 20% ANAB @ 33.59
Added mostly to AIP @ 13.90
Added small to AEVA @ 10.64
Added very small (basically leftovers) to FATN @ 2.57
Stocktrader
I am tempted to sell the whole ANAB to re-allocate into the beaten-down existing positions but I wait for now.
DeleteHi Stocktrader,
ReplyDeleteVery tough market environment right now but best of luck shifting your portfolio around. Hopefully, our luck will turn green soon.
Simon
It certainly is but I see no reason for the bull to suddenly have ended right here. The voracity of the rotation caught me off-guard but valuations in all but the largest caps are still rational I think, even in these future growth stocks.
DeleteHi Saleem,
ReplyDeleteSold ANAB @ 33.22
Added to existing positions:
AIP @ 13.74
PONY @ 12.78
AEVA @ 10.52
ASPI @ 7.99
OCC @ 7.15
FATN @ 2.37 (tiny again)
Stocktrader
Hi Stocktrader,
ReplyDeleteBought GGLL @ $76.85
Bought AAPL @ $271.50
Good luck with bargain add on
Saleem
Hi Stocktrader,
ReplyDeleteAdded 10% TSLL @ $15.50
Saleem
Hi Stocktrader,
ReplyDeleteBought BBAI @ $6.50
Saleem
Hi Stocktrader,
ReplyDeleteAdded 75% BBAI @ $6.20
Saleem
Hi Salem & Stocktrader,
ReplyDeleteBought TSLA with my little remaining cash.
Good luck to both on more adds and new stocks.
Simon
Hi Simon,
ReplyDeleteBought AMD @ $46.40
Good luck with TSLA
Saleem
Hi Saleem,
ReplyDeleteGood luck with all the adds - some good prices right now!
Stocktrader