US stock market finally decided to take couple of days rest....
After making series of new all time highs, It was time to take a well deserved break...
So we shed few % of lofty gains which is needed every so often....
Friday's action was typical of momentum driven market...which corrects in a hurry as IF sky is falling...
NO...sky is not falling, just a " normal day in office "
We should resume our run into " series of new all time highs AGAIN "
Leaders are well defined by now.....
Follow the leaders.....
Here is how my last week ended :
Last week Down 30.74%
YTD UP 38.72%
Here is my weighting on 167% exposure :
SLVR 26.90%
SNDU 23.08%
AMDL 20.18%
AAOG 9.49%
QCML 8.21%
TSLL 6.72%
HOOD 5.42%
BLOG does NOT give buy or sell.
Saleem
25 comments:
Hi Saleem/SImon,
Tried to sell some TZA this morning @ 5.04 and missed the brief moment it was there. Wanted to re-establish my RKLB position. Got some 170 weekly calls for $0.39 in case it spikes out but I really wanted the position instead. I think as SpaceX/xAI nears and looking at a $2T valuation, the only other viable rocket player might get sympathy/alternative flows.
Stocktrader
Hi Stocktrader,
Thank you for the information and good luck with RKLB option.
Sold my PSNL @7:10 to raise cash.
Simon
Nice to get out of PSNL on a pop!
Wish I know how to play option :-(
Ok, finally got this done!
Sold partial TZA @ 5.14
Bought RKLB @ 127.34
Hi Stocktrader,
Good luck with RKLB
Saleem
Good luck with RKLB..
Hi Saleem,
Last week: +2.57% (YTD: -5.35%)
Portfolio Leaders: ENPH(sold) GLUE(sold)
Portfolio Laggards: BFLY CODA
The small caps remained under pressure as rates jumped to new yearly highs, and a pause in the red-hot semiconductor industry hit the averages. The portfolio performed okay due mostly to ENPH, a nice winner in the mix. There is a lot about the market that is confusing: sometimes oil matters, sometimes overstretched stocks just keep going, sometimes inflation and rates matter. Overall, it's still about the earnings power of companies and that's what's led us to some outsized gains in some areas, but they deserve it for now. It is easy to think about what could go wrong and over-complicate what could otherwise just be great returns - I think the market has shown us a lot of that since the covid era. For now, we keep an eye on forward prospects and invest in those companies that have more revisions higher to come (if we can see that). On the flip side, a lot of the AI buildout trade is crowding out smaller investments and ideas and some stocks with good prospects just aren't seeing flows to drive them higher. I don't know when or if this will change, but it can be frustrating to have to look at the same set of stocks just jumping every day, leaving the rest behind. I think inflation continues to creep higher as the insatiable demand for materials into the AI buildouts, including semiconductors and memory but also energy and raw materials, is creating a crunch for many supply chains. We may see even more stockpiling at the corporate and governmental level, like we have with oil, that could create short term bottlenecks and much higher prices. I hope to play these themes but also be wary of them as any pauses in AI buildout (due to public backlash most likely) could bring the whole complex crashing down. My strategy for now is to try and stay hedged while interest rates are moving higher but also play in some thematic stocks.
Holdings: TZA(27%) RKLB AMAT FCX CODA NNOX BFLY ASPI, cash 0%
Stocktrader
Hi Saleem,
Sold AMAT @ 410.64
Bought more TZA @ 5.15
I am truly afraid of a semiconductor investment right now as public opinion towards data centers is DRAMATICALLY shifting and may become the primary feature of the mid-term elections. Still though, AMAT is a relatively safe semiconductor but I needed to raise cash for more TZA as interest rates just continue to rise.
Stocktrader
Good luck with more TZA..
Hi Stocktrader,
Good luck with more TZA
Saleem
Hi Saleem,
Sold TZA @ 4.86
As evidenced by today's move, the risk for the market is still to the upside, and so a hedge isn't appropriate and just good stock picking should work.
Bought ENPH @ 53.23
Bought AEVA @ 20.87
Two stocks with great future prospects and also relative strength, they seem to have more room to run. Solar power and battery technology should be a major part of the datacenter energy problem, whether it be on the ground or in space (ENPH). And AEVA's 4D LiDAR technology should start to infiltrate most devices like cars, drones, and robots that need to "see" their surroundings to navigate.
Stocktrader
Added 20% to ASPI @ 5.23 as it was underweight.
Added 10% to FCX @ 60.79 on the copper rebound
Hi Stocktrader,
Good luck with ENPH AEVA & more ASPI FCX
Saleem
Hi Stocktrader,
Good luck with the old favorite and more ASPI FCX
Simon
I have one position size cash left now. I'm hoping an opportunity presents itself.
RKLB after hours @ $128 seems like an amazing idea on the announcement of an ATM offering
Hi Salem & Stocktrader,
I did bought back RKLB ah @125
Simon
Hi Simon,
Good luck with RKLB….
Saleem
Great catch!
Hi Saleem,
Bought BODI @ ~10.60 over 10 transactions (took me most of the day)
Added small to RKLB @ 124.28 with remaining cash
Stocktrader
BODI is using its name brands in fitness to start nutrition/supplement lines and drive people to its app ecosystem. It is early in this transformation, but the company has streamlined the cost structure, so any positive execution will translate well to profits. After the latest earnings reports, price targets were raised as the company moves forward on its plan.
Hi Stocktrader,
Good luck with BODI
Simon
Hi Stocktrader,
Good luck with BODI & more RKLB...
Saleem
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