I REALLY want to add more SOXS exposure but I'm already >30% and don't want to sell any current positions, so I'll just stay put, but today's the first day the semis have underperformed the market, so maybe the extreme froth will come off this week...
Even though the broader markets inched higher again, the portfolio lagged badly as profit taking after the massive prior week hit some names, and a poor trade on short semis hurt also. This week sees many of the megacap tech names report, and we'll see how their updated CapEx plans may affect the hottest trade in the market right now... semiconductors. I'm giving my SOXS trade a little more room to breathe, especially as I'm mostly out of fresh ideas to be long. Besides the semis, I do worry that some inflationary effects (oil, metals, memory, food, services) are becoming more entrenched than I expected and could hurt consumer and business spending going forward, especially as the job market starts to see disruption from AI effects. Compound that with what the new Fed chair might do in lowering short term rates, some of the economic outlook is getting cloudier for me. All of that said though, great companies can still perform, and I can't wait to hear the numbers and conference call commentaries ahead.
10 comments:
Hi Stocktrader & Simon,
Bought QCML @ $17.27 in pre market
Saleem
Hi Stocktrader & Simon,
Sold GGLL @ $112.68
Saleem
Good morning Salem,
Thank you for Sunday's blog. Good luck with the swab.
Simon
Hi Salem & Stocktrader,
Sold GGLL to raise cash and bought a little more of CODA.
Simon
I am surprised by the weakness - maybe a secondary is coming...
Good luck with 2x QCOM!
Great trade! Good luck with next pick :)
Hi Stocktrader & Simon,
Bought AAPU @ $30.56
Saleem
Good luck with some 2x AAPL! Buying dips :)
I REALLY want to add more SOXS exposure but I'm already >30% and don't want to sell any current positions, so I'll just stay put, but today's the first day the semis have underperformed the market, so maybe the extreme froth will come off this week...
Hi Saleem,
Last week: -9.52% (YTD: +16.11%)
Portfolio Leaders: AIP(sold)
Portfolio Laggards: NNOX SOXS CODA RKLB
Even though the broader markets inched higher again, the portfolio lagged badly as profit taking after the massive prior week hit some names, and a poor trade on short semis hurt also. This week sees many of the megacap tech names report, and we'll see how their updated CapEx plans may affect the hottest trade in the market right now... semiconductors. I'm giving my SOXS trade a little more room to breathe, especially as I'm mostly out of fresh ideas to be long. Besides the semis, I do worry that some inflationary effects (oil, metals, memory, food, services) are becoming more entrenched than I expected and could hurt consumer and business spending going forward, especially as the job market starts to see disruption from AI effects. Compound that with what the new Fed chair might do in lowering short term rates, some of the economic outlook is getting cloudier for me. All of that said though, great companies can still perform, and I can't wait to hear the numbers and conference call commentaries ahead.
Holdings: SOXS(33%) NSSC RKLB GLUE BFLY HUBS CODA NNOX, cash 0%
Stocktrader
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