I sold out of O, for a small gain. The pervasiveness of ascending interest rates has my attention, which caused me to sell the stock. I don’t want yield. I want growth and short squeezes.
I sold out of FRO, marking an end of an era. It ended with a whimper, pretty much breaking even on the entire position. That’s alright, since I am +35% for the year.
With the O proceeds, I bulked up on SCTY, making it a top 3 position. I also added to SHLD.
Look, rates are going up and the market isn’t going down. This is bullish. Pay attention and try to keep up.
If you’re unable to adapt, you’ll never make it in this business.
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