Truth: MELI Giveth/AFRM Taketh Away!
You know…investing is hard…and can be unforgiving to those of us with lower IQ credentials. Oh well!
I sold MELI once again for a 9-10 day gain of just better than 14%. Was feeling all good about my extraordinary insights into the machinations of the market - and then, the bottom fell out of AFRM disproving - or not actually proving anything one way or the other - but regardless, leaving a moderate sized smoking crater where that particular investment was hanging out. And I actually thought the report was pretty good - but it was beauty that killed the beast! Or rather the lack thereof as the company turned the guidance spigots down to a trickle. And in this environment it doesn’t take much to spook the herd. Might be worth getting back in as we get closer to the next report but if you can’t play in prime time why carry you on the roster?
So what was I going to do? Why roll those funds over into another potential PTP in CFLT - and then…and then… CFLT poo’ed the bed too and pulled an AFRM all its own. Still might but I am down to just 8 real players on the roster and sticking close to home for now.
So to start the year we got creamed in January but have played our way back in February so far and are down only 6 to 8 pts or so for the year as it stands now. Good month so far - MSLOB’s mole whacking has helped a bunch and it would have been just wonderful if that AFRM had just done their job. Oh well…again. Thank goodness for MELI the ATM - which I am going to buy again, for the fifth time or so if it drops below $1,035
As a member in marginal standing with the Knights of Columbus - a Catholic support group, the word went out this weekend reference the 40 Cans for Lent program to wit: each Knight is to present 40 cans of food to the local food bank. Last year I hectored friends and neighbors and gathered a bunch of cans and will probably do the same this year. You can help - even if you are not a Knight, nor even a believer, buy gathering your very own 40 cans of food and delivering it to a local food bank. People that need food for their families probably don’t ask the food if it came from a believer or non-believer - they are just thankful to have it.
So who is still on the roster:
A) STARTERS - About 70% of the portfolio Allocation goes to STARTERS
Note: I added to all Starters incrementally on Friday
Note 2) Brought The Remaining Roster All Up to Bench Level
Not sure what I am going to do next week but still have some cash left.
All the Best,