Portfolio Update

Aside from the weekly charts I posted in the previous blog, I really don’t have too many new ideas. Those names are all on my watchlist, so don’t be surprised if you see me purchasing them at some point in the near future. While those are purely technical, I’m looking into SLCA as a longer term, fundamentally based investment.

I sold my APP position today for a little less than an 8% gain. Not bad considering I purchased the stock three days ago. It actually looks like it’s going to continue to rip higher. I needed to sell in order to raise cash for other prospects described above.

My BV position received some love early in the trading day, as it surged over 10% for a brief 5 minutes. I thought I had really nailed it, only to watch it melt lower for the rest of the session. The technicals are still intact.

The last name I want to talk about is RTEC. It failed to recover from the earnings drop. It’s up a little after hours. After reading the Fly’s recent blog post, I’m beginning to wonder if I should cut my losses. My desire to purchase was based upon fundamentals, and I tried to time it with technicals. It managed to blow up in my face. The reason for holding on is the secondary exposure to DRAM. If I sell this position, then I know the proceeds will be promptly pumped into MU. My intuition is telling me to ride this out, and I will most likely end up doing so. Mind you, it’s a 10% position.

I will be trying to sell off my smaller positions of OCLR and BV soon. I would like to free up more cash for a new, big thesis play. I currently sit at 15% cash after selling APP  and half of my IMUC shares.

Click here for my current positions and charts on Finviz.

 

 

 

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Previous Posts by tpain

Portfolio Update

Aside from the weekly charts I posted in the previous blog, I really don’t have too many new ideas. Those names are all on my watchlist, so don’t be surprised if you see me purchasing them at some point in the near future. While those are purely technical, I’m looking into SLCA as a longer term, fundamentally based investment.

I sold my APP position today for a little less than an 8% gain. Not bad considering I purchased the stock three days ago. It actually looks like it’s going to continue to rip higher. I needed to sell in order to raise cash for other prospects described above.

My BV position received some love early in the trading day, as it surged over 10% for a brief 5 minutes. I thought I had really nailed it, only to watch it melt lower for the rest of the session. The technicals are still intact.

The last name I want to talk about is RTEC. It failed to recover from the earnings drop. It’s up a little after hours. After reading the Fly’s recent blog post, I’m beginning to wonder if I should cut my losses. My desire to purchase was based upon fundamentals, and I tried to time it with technicals. It managed to blow up in my face. The reason for holding on is the secondary exposure to DRAM. If I sell this position, then I know the proceeds will be promptly pumped into MU. My intuition is telling me to ride this out, and I will most likely end up doing so. Mind you, it’s a 10% position.

I will be trying to sell off my smaller positions of OCLR and BV soon. I would like to free up more cash for a new, big thesis play. I currently sit at 15% cash after selling APP  and half of my IMUC shares.

Click here for my current positions and charts on Finviz.

 

 

 

Comments are closed.