After all the momentum we have witnessed, suddenly something is scaring most participant, It IS the scenario of " higher interest rates staying higher much much longer "
High interest rates have killed most bull market, this time, It may be NO DIFFERENT....
Technically many so called leaders all " pulling back 12% or so " NOT a pretty picture....
10% down is a correction...
20% down is a bear market....
By the time its all said & done 20% pullback is quite doable.....high probability
YES...you can do quick trade here & there BUT DO NOT live in HOPE.....
I have reduced my exposure " substantially " & removed more than house money.....
Here is how my last week ended :
Last week Down 23.41%
YTD UP 88.71%
Here is my weighting on 42% exposure :
AMDL 45.36%
MRVU 34.88%
SNDU 19.76%
BLOG does NOT give buy or sell.
PS ....last week I had record number of BLOG visitors 76,000+++ in one day.....Thanks to all new visitors....
Saleem
7 comments:
Hi Salem & Stocktrader,
Thank you both for keeping this blogs active. Without you both, it will never happened. Thank you both & much appreciated!
Simon
Hi Saleem,
Tough week but an amazing year so far still!
Good to play with house money :)
Stocktrader
Thank you for the kind words!
Hi Saleem,
Last week: -2.17% (YTD: +11.38%)
Portfolio Leaders: KRUS TWST BODI
Portfolio Laggards: NNOX RKLB AMBQ
In a down week for the major averages, the small caps outperformed, and so did some of the portfolio components, but not enough to carry the week. I think small cap leadership is a very good sign for the markets as broadening is finally truly here and some of the mega winners on the year can rest in a healthy way. The decline in oil/gas prices has put the consumer back in the spotlight, and many of those names excelled last week. I am happy with the composition of the portfolio, wondering only about a few laggards (NNOX CODA) and always searching for new names and ideas to add. As we approach earnings season again, I'm sure a lot of focus will be on the mega-cap names, but the small names could provide the most upside.
Portfolio: AEVA KRUS BFLY RKLB TWST BC AMBQ NN BODI CODA NNOX, cash 0%
Stocktrader
Hi Saleem,
Sold TWST @ 98.59 to take profits
After a 100% run in the last 6 weeks, I think the stock has caught up well enough to the immediate prospects. These aren't chip stocks where there is some massive investment cycle happening. I hope to revisit on a pullback or sideways action for a while.
Bought PONY @ 6.96
A stock with explosive revenue growth now and upcoming, but having lost the interest of investors, I will try it again here for a potential 2nd half rebound. There's not much downside risk, so that makes the trade favorable in my eyes.
Stocktrader
Hi Stocktrader,
Nice to book profits with TWST & buy low on PONY.
Simon
Hi Stocktrader,
Good luck with PONY..
Saleem
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