Mentioned
NASDAQ100 Index (Non Expiry)
NSDQ100
168.93 (0.56%)
30139.43
30143.97
SPX500 Index (Non Expiry)
SPX500
22.67 (0.30%)
7531.68
7532.82
Joseph Greenwood
Joseph Greenwood
United Kingdom
2mo
Yesterday we closed the following positions: OPLN (+14.17%) TWLO (+21.55%) ONIT (+11.02%) HAIN (−3.24%) TBPH (+18.85%) TBRG (−2.73%) XYL (−10.99%) FRSH (−12.55%) The reason for closing these positions was to free a little bit of cash up since they no longer meet valuation criteria and I would like to have a few % cash available since we were fully exposed to stocks. I intend to stay at least 90% invested until there has been a clear bounce from the recent downtrend, but I may continue to trim a few stocks in a similar way, since there is still downside risk and the aim of this strategy is to have cash available for bargains. Right now we hold a portfolio which predominantly consists of stocks bought during the recent drop, where we went from 40% to 100% invested in stocks. If there is some kind of resolution or at least calming of the Iran situation, I'd expect the portfolio to bounce very hard, and indeed on green days we've been beating the market comfortably in the last week or so. I hope we see a prolonged uptrend soon, and if that happens I'll be looking to trim profits from overbought stocks. Good luck all, Joe $NSDQ100 , $SPX500
Not investment advice. The author may have financial interests in the mentioned instruments.
2 Mentioned
NASDAQ100 Index (Non Expiry)
NSDQ100
NASDAQ100 Index (Non Expiry)
SPX500 Index (Non Expiry)
SPX500
SPX500 Index (Non Expiry)
null
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