Another month of restricted holding of growth. The down 15.8% for those Saulian growth stocks is now down 23.5%. These vary from down 0.1% (MNDY) to down 46.5% for S. ?Is that right? Double check. Yep. Not that I am chortling , I have CRWD as my #1 and it is down 36.5%. On the other hand, my whole port up 4%, so there is a moral victory–if you are into those sorts of things.
Where to go from here?
Puts and Calls. More of the same, in about the same amount. I have invested 4% excess in UPST now that those puts were assigned. I need $13.80 to break even. NASDQ is up slightly premarket, I might sell half of the new shares and write calls against the other half. DDOG and CROWD I will probably write calls, but only 3-1/2 sessions 'til expiration. Premiums might be scant.
The 5 BMW positions. Have to decide whether to treat those as a basket or two baskets. I mean, all together being 5% of port up to 10%? This has been a crummy market and my trial positions are down from 3% to 10%. Might scale it back to just the two fashion retailers.
As I go over my high growth candidates, I can see that I am going to have to go to 25 total stocks. MF says 25 to 30 which I am loathe to do but at this point still lack conviction for just 20. I have targets for GLBE, CRWD, SNOW, BILL, FOUR, UPST and DDOG. I have my moonshot, VERI, which was up 48% a few days ago, break even now.
KC, you have a work in progress. 12 weeks target to get invested. If there is tax loss selling in the market here, then wash sales are 30 days, right? Well, so much ETF’s now with a little similarity and just enough difference to get around wash sales, so factor that out.
Put the close on this year without the slightest tear.
KC