This morning I relegated/demoted UPST to the Bench and used the funds from that to start a Bench level position in SNOW. Why did I send UPST to the Bench?
UPST is a company that, if successful in revolutionizing the adjudication of credit, could easily be a 10-15 bagger. Could happen. On the other hand, it is also the one roster component that - if it fails, could go to zero. It has no recurring revenue - does not imbed/ingratiate itself into company operations - it is a true pioneer.
So why SNOW?
Hard to say except that I like it much better below $200 than I did above $200 which is not to say it won’t go Lower from here.
I have a single tranche of cash left which I am potentially using today for all the STARTERS. But - since I tend to think we are going back to the 12,500 region at a minimum - there is no hurry.
All the Best,