Dear All,
Just a short note today, to let you know I have taken profit on our $MU (Micron Technology, Inc.) at $186% and 190% profit.
I am still fairly bullish on $MU but when I first took this trade during the bear market in 2022, I thought this was very well priced opportunity in a growing sector and was an assymetric bet, meaning I thought there was a lot more upside in this trade than downside. Now I think the majority of gains have been made and the downside of losing hard earned profit is a risk and thus I have closed our positions. I think tech valuations as a whole are very frothy and as such dont hold many in the portfolio at this current time. This is just the case for this period and may change again sometime in the future if opportunities arise which make sense.
I prefer to build up some cash reserves to deploy in opportunities with depressed valuations in other sectors.
I will keep you updated as I take new positions and close other positions. The markets have done extremely well over the last few years so although I am not predicting a downturn or anything of that nature, there comes a time when its prudent to take some chips off the table. Its just responsible portfolio risk management.
Many Thanks
Steven (bees84)
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Sat Jan 24 2026 21:54:01 GMT+0000 (Coordinated Universal Time)
