Libor Vasa @liborvasa: "Dear Followers, Dear Copiers, July turned..."

Czech Republic

Dear Followers, Dear Copiers, July turned out to be an excellent month for the portfolio. The first half of the month was characterized by steady growth, followed by a brief correction. From July 23rd onward, however, the portfolio moved almost exclusively upward. By the end of the month, its value had increased by 11.86%, more than recovering the decline we experienced in June. Thanks to this strong performance, 2026 has moved back into positive territory, and I hope we can remain there for the rest of the year. Since the market experienced both advances and pullbacks during the month, my trading activity included both buying and selling. Overall, though, the prevailing trend was upward, so most of my actions were profit-taking. I closed my $META (Meta Platforms Inc) position exactly one month after opening it, realizing a gain of 18.47%. The $AAPL (Apple) position, which had been open only slightly longer, also generated a strong return of 16.23%. Finally, I closed my $U (Unity Software Inc.) position, originally opened in February. Although the gain of just under 10% was smaller than the previous two trades, I was nevertheless pleased to close the position profitably after several months of patience. On the buying side, I opened a new position in $AMD (Advanced Micro Devices Inc) on July 28th. AMD remains one of my most frequently traded stocks. The company continues to deliver highly competitive products and has established itself as an indispensable player in the semiconductor industry, particularly as AI adoption continues to accelerate. The sharp appreciation of the portfolio is, of course, encouraging, and I hope the positive momentum continues for a while longer. If it does, I may be able to close several additional positions that have been open for quite some time. One example is $DBX (Dropbox Inc), which has finally returned to profit. I would be happy to exit this investment. It is impressive that the company has managed to maintain a solid position despite competition from much larger cloud storage providers, but I am not convinced that this advantage will last indefinitely. That said, even if this strong rally is followed by a correction, I would not see it as anything unusual. Corrections are a normal feature of healthy markets. Thanks to the profitable exits over the past month, the portfolio is in a strong position, and I have sufficient liquidity available to take advantage of attractive buying opportunities should another meaningful sell-off occur. I wish all of you an enjoyable remainder of the summer. And above all, try to avoid overheating—both in the literal sense and in the markets. Best regards, Libor Vasa

Not investment advice. The author may have financial interests in the mentioned instruments.