I’m very pleased with how the past week played out. My favorite stocks are down, but that only makes me like them more. Meanwhile, my shorts and hedges were also down (profitable for me).
With the big move (very apparent on the charts), it made sense to cut a lot of shorts and hedges out of the portfolio. I have NOT covered all of my shorts / hedges yet. One step at a time. Also, I did NOT use the cash from those moves to buy new stocks (or the ones I already have). Again, one step at a time. We’ll see if the dust has settled over the coming days before making another move. As it is, I’m now about 25% net long (up from zero a few days ago).
Just an FYI. I don’t feel comfortable saying more than that.
Other than that, I’ve enjoyed seeing CY, INTC, and LITE post good results. That should be good news for AEHR.
That’s all for now. Cheers!
Disclosure: I am long AEHR. I don’t encourage or recommend for anyone to hold this or any other stock I own, since I may exit the entire position at any time without notice.
I wrote this article myself, and it expresses my own opinions. I am receiving no compensation for it, nor do I have a business relationship with any company whose stock is mentioned in this article.
The information in this article is for informational purposes only and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. I am not a financial advisor. Nor am I providing any recommendations, price targets, or opinions about valuation regarding the companies discussed herein. Similarly, the disclosure above may state that I am long or short shares of the companies mentioned herein, but should not be construed as an endorsement of any particular investment or opinion of the stock’s current or future price. That disclosure is true as of the time the article is placed in queue for publication, but it is possible (or even likely) that I might be buying and/or selling the stocks mentioned herein immediately thereafter or at any other time, regardless of (and possibly contrary to) the content of this article or this website’s timing of its release. The disclosure will not be updated following submission of the article and may be inaccurate thereafter. Likewise, any opinions are as of the date of publication, and are subject to change without notice and may not be updated. I believe that the sources of information I use are accurate but there can be no assurance that they are. I wrote this article myself and I receive no compensation for writing it. All investments carry the risk of loss and the securities mentioned herein may entail a high level of risk. Investors considering an investment should perform their own research and consult with a qualified investment professional.
Long-time readers should note some significant changes in how I communicate in the public domain. The sole purpose of this forum is now to attract new contacts with professional industry expertise to share research and receive feedback (confirmation / refutation) regarding my investment theses. Accordingly, this document should not be construed as an endorsement of the companies or securities discussed herein. The disclosure below is critical to understanding the content of this document. Further, I frequently trade my positions and may buy, sell, or short the securities mentioned herein at any time, regardless of the facts or perceived implications of this article.