03/09 New week, new adjustments
Roth ac - up slightly at the start of trading - significant bounce from HIMS that got better for part of the day. MRVL had an early pull-back. Considered a nibble, then passed. Me, after looking at other holdings, decided adding to SE made the most sense. Then I happened to notice VSH, so I nibbled. It was a good holding for a trade. Some nice gains in late Jan - early Feb 2026. About 10 days ago, I trimmed BWLP in taxable ac. Small gain. Today, I rebuilt the position back slightly lower.
Keeping an eye on other shipping names. VLCC owning entities were on the radar (INSW, DHT & FRO)
03/11
Negative overall, but slightly mixed for some sectors. Some tech names went up (NBIS the nice 15%+ bounce), CORZ, NVDA, CRWV also positive. Some tech names went down - COHR, QCOM. Shipping generally hurting (BWLP with a > 10% hit). Generally, other shipping names lower - the basket taking a roughly 8% hit today. That makes the various monetization events a plus. And HIMS continues to get some turnaround drive. I just noticed three BWLP execs exercised options, two of them selling their entire position (Hey, I trimmed some older, higher priced shares for gain, so I can relate - $16 - $18/sh exit was nice)
03/12 Another ugly day. Much bloodier than yesterday. At one point, shipping basket had gains of over 45% vs about 5% gains at the start of the year. Now, including the realized portion, it is more around 28.5%. Still nice. But also, a decent amout left at the table. While the bleeding hurts, I am sure there will be some names, in the port and in the market, bloodied more than normal. The challenge will be identifying those names. Or, identifying just a few of those names. In slightly over a week. that will include HIMS ( with no wash concern)
03/13 Accounts started the day positive. At the close, they seemed to sense the day … Friday the 13th, and turned red. Even with the uncertainty, decided to nibble on some names, including
- FRO has been dropping pretty hard. Not sure why the market seems to have turned on it.
- Nibbled on a new idea - a Rare Earth play, ALOY
- Roth ac - shipping idea BWLP add back (lower than exit price - Yay!)
- Roth ac - another shipping idea, INSW nibble - also lower than exit price - again Yay!
- COHR had been a consideration. But, I lost my internet connection, so no nibble occurred.
03/14 Pi Day observation - change in my Top 10 holdings. NBIS has been on a rising trend in Mar 2026. TRMD has been on a sliding trend this past week. Enough of opposite trends for the names to swap places. NBIS moves into Top 10.
Only been a few days, however, that ANET trim is working. Since it was net positive, I can consider an ANET reload at my leisure. Most recent nibble was ~ $125/sh. I think I will be flexible and say $120 - $130/sh would be an acceptable range for adding to ANET.
03/16 - 03/20 Not the busiest week, but there was some trading across the accounts.
- More ALOY in taxable ac
- Another BWLP nibble in taxable ac
- Another COHR nibble in taxable ac
- Another FRO nibble in taxable ac
- More AMD in Roth ac
- GSM has tumbled recently - nibble in Trading ac
- COHR nibble in Roth ac
- GSM nibble in Roth ac
- SE nibble in Roth ac
- Added to BROS in Roth ac
- Another FRO nibble in taxable ac
COHR has been extra bouncy this week. Glad I got an opportunity to add slightly lower. Also pleased with the GSM nibbles under $4.
Calendar quarter not quite over yet. OTOH, yesterday marked the Spring Equinox. So, I guess this would be Spring Equinox musings.
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There’s the situation in Iran, impacting Iran, and the Middle-East region in particular. It then impacts energy exports from a major energy exporting region.
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So there is the energy ripple effect across the globe, including in the US. Seeing it personally, with gas prices having jumped about 20 - 30% over the last couple of weeks. - The port has pulled back, recovered a significant portion, then dropped again. Now, maybe -4.5% with a significant drop yesterday.
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Shipping ideas had bounced hard after the initial attack on Iran. Then generally pulled back. Some names e.g. BWLP, INSW now trying to regain price.
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With the Iran attack on Qatar, some LNG entities appear to have benefitted (VG, LNG, GLNG). Just dawned on me, GLNG could get some LNG market-related bounce on the derivates side. At least, while FLNG Hilli is still in Cameroon
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Old holding GSM showed up again. Have been somewhat following, but a dip below $4 is what made it interesting. Decent idea for a double digit return.
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Somewhat cautious on the AI related names. But perhaps, I should consider a trading component for COHR.
A positive development for FLNG occurred last week - BP extended charters on two vessels –
https://www.tradewindsnews.com/gas/flex-lng-secures-charter-extensions-for-two-vessels-from-bp/2-1-1961703
At their most recent briefing, at a DNB Carnegie Energy conference in early March 2026, FLNG indicated Flex Resolute and Flex Courageous each had a two-year option open between 2027 and 2029. I am presuming this is what got filled with the latest announcement.
If accurate, then FLNG have at least 6 of 13 vessels with charters running through at least 2031. That said, this does not help the near term with FLNG having three vessels trading Spot. With just a few vessels making it out through the Strait of Hormuz, there might be some pluses to have a few vessels trading the spot market. And I still don’t know if FLNG have any LNG tankers stuck in the Persian Gulf.
03/23 - 03/27 very bouncy market with two negative days to close out the week. Fewer trades than prior week. Whereas last week I felt okay riding the down-and-up of the roller-coaster, this week I feel different about it. Enough that I felt like monetizing … and I did, a little bit.
- HRL slide - decided the Spam maker should recover
- Another DHT nibble in taxable ac
- Taxable ac - NBIS nibble. In hindsight could have waited
- Another SE nibble in Roth ac
- Another BRK/B nibble - day of, it looked good. It has worn off
- More HIMS in Roth ac
- Monetized more INSW in Roth ac - Excluding div, slightly longer than a year holding, over 100% gain.
- On bounce today, closed out U in Roth ac
- Tech slip-up gets more pronounced
03/30 No trading. After hours, the realization - basket was an ugly, bloody mess, especially tech.
03/31 Nice rebound from market. Much nicer than yesterday’s slide. A recovery plus a little more. Opted to trim MRVL on bounce. Better price point for a NBIS taxable ac add. Nibbled on GSL in Roth ac. Another CELH nibble in taxable ac. Another UWMC nibble in Roth ac. Closed out NVDY in Roth ac
For Q1 2026 - As a marker, the overall portfolio was slightly positive. Different ways to slice things. By brokerage, the brokerage with the larger allocation of funds ended slightly positive. The smaller allocation brokerage was quite negative. Overall, slightly positive about +1% The sector that bailed me out was shipping. In some cases, entire positions (NAT, SFL) were closed. In others, it was more of a trimming (INSW, BWLP). On the tech side, … Ouch! (VERI, QCOM, IREN). VERI and QCOM are particularly ugly. But the slide in tech names offered an opportunity in other names e.g. SE, CORZ, MRVL
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