Dear Followers, Dear Copiers,
July began with promising momentum — as of July 25th, the portfolio was showing a month-to-date gain of around 2%. However, market movements in the final days of the month erased most of those gains, and we’ll be closing July with only a very modest increase.
This late-month shift was likely triggered by Jerome Powell’s announcement that the Federal Reserve is unlikely to lower interest rates in the near future. The impact of this statement was felt broadly across the markets and wasn’t specific to our portfolio.
Trading activity this month was relatively limited. One significant move was the closure of the $AMD (Advanced Micro Devices Inc) position, which I had held since October 2024. The stock rose sharply, likely due to strong developments in AI-related chips, and I chose to exit the position with a gain of nearly 19%.
In contrast, $NFLX (Netflix, Inc.) saw a decline in its share price, despite meeting Q2 expectations. The company’s earnings report struck a cautious tone, pointing out potential risks ahead, and the market reacted with what I believe was an overly sharp sell-off. I took this as an opportunity to open a long position in the stock, confident in the company’s long-term strength and anticipating a possible correction in market sentiment. While the price has since fallen by more than 5%, I still believe the decision was sound.
Looking ahead, I expect a potential pullback in prices, largely due to ongoing uncertainty around U.S. trade policy and tariffs, which some analysts have flagged as a risk. As always, I will view any such correction as an opportunity to enter new positions at more attractive valuations. Fortunately, the portfolio is currently well-positioned with a healthy cash reserve, allowing flexibility for future trades.
I wish you all a pleasant and restful end to the summer — may it bring fresh energy for the months ahead.
Best regards,
Libor Vasa... Show More
Hi Libor,
Since ADBE is also part of my portfolio, I would like to ask about your investment thesis. At first, I was strongly bullish, but now I'm starting to have doubts about whether the purchase was a good idea. According to all my statistics, the stock is significantly undervalued, but this has... Show More
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Sun Jan 25 2026 05:46:41 GMT+0000 (Coordinated Universal Time)
