Only a few hours ago, it dawned on me that the cadence on my regular thread was quarterly. And this time around, the thread coincides with a significant event - Trump’s Liberation Day announcement. I won’t say “never” because my investing career has seen other such bloodbaths. Three come to mind
- Dot-com bubble blow-up, 2000
- Great Financial crisis, 2009
- Covid pandemic, 2020
So far, with the tariff announcement, it has been a couple of days. And the market has reacted very negatively to the news. Only one solitary trade since the announcement - VSH nibble. While tempting to do a major clean-out, the reality is my self-managed port has added complexity. The presence of many holdings in both the Roth ac and the taxable ac, means I have to be more careful how I proceed with some transactions.
Among the troublesome challenges - TRMD, HIMS, FLNG, BWLP, CAMT, VSH Lesser challenges - LULU, GSM, GLNG. Will have to double-check, but INSW can be a wash type transaction. If not immediate, it might be waiting a short time.
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04/07
Awrighty, I have started sifting …
- Slashed the TRMD stake in taxable ac
- Restarted ABEV in taxable ac
- NVDA nibble in Roth ac
- QCOM nibble in Roth ac
- BROS nibble in Roth ac
- Added to BWLP in taxable ac
Is there a grand plan? Not really. At this point in time, I am keeping my mind open, and to a lessor degree, keeping my fingers active. It is definitely a very uncertain time. But, I don’t want the uncertainty to overwhelm my thinking, and freeze any decisions. As an example, decided to take advantage of the TRMD bounce. I chose TRMD. But, I could have just as well trimmed INSW.
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04/09
Did not expect Trump to reverse course on tariffs so quickly. And did not expect market to react as much as it did. All the nibbles earlier this week looking really good. The TRMD trim? Well, sometimes one can’t win 'em all. I think after today, about 9% off the port’s high in Jan
No one knows how long the up trend will last. Tech stocks seem to be in favor. Maybe less over valued after the recent correction. But tariff rates still high and much to be negotiated. Future still uncertain but maybe less so.
Looks like about 20 hours. Futures this morning are down 600+.
Of course with the heavy dose of ADHD at 1600 PA Ave, that could change in an instant.
Oh, funny story I read. People who paid the big bucks to watch the Masters yesterday were without their cell phones, which are strictly prohibited on the grounds. So they had no idea what was happening until they left for the day.
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It does seem those who bought near the bottom have decided to take profits. Still uncertain about the future.
It does seem those who bought near the bottom have decided to take profits. Still uncertain about the future.
Congress-critters perhaps?
Not so much with the recent purchases. But in terms of resets - for me, definitely.
- Closed out TRMD in taxable ac
- Added to LULU in taxable ac
- Trimmed FLNG in taxable ac
- Added to QCOM in Roth ac
- More BROS in Roth ac
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04/10
Grrr! Yahoo! login had me run around in circles.
Just saw this FLNG news item from the end of March 2025.
FLNG CEO is stepping down.
https://seekingalpha.com/news/4426805-flex-lng-ceo-kalleklev-to-depart-foss-becomes-interim-ceo
Is it a big deal?
Well, Kalleklev had been FLNG CEO for seven years. He had also assumed the CEO role at Avance Gas for a period of time. In theory, running only one company would be easier. OTOH, maybe the challenge of running an LNG tanker company during a down year was not so appealing. Or maybe it is all the sudden changes at Fredriksen-backed entities. Good luck Oystein!
My FLNG plans?
Still in flux. But open to additional trimming.