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.
04/21 - 04/23
More small moves
- More COHR in Roth ac
- More TGT in taxable ac
- More NVDA in Roth ac
- More FLNG in taxable ac
- More BWLP in Roth ac
- More BROS in taxable ac
- Nibbled on AMAT in taxable ac
- More GLNG in Roth ac
04/25
This week market has been acting well to the Emperor’s mood and actions. More small moves
- LULU nibble in taxable ac
- AMD nibble taxable ac
- COHR nibble in Roth ac
- VSH nibble in Roth ac
- FLNG nibble in taxable ac
- ZIM nibble in taxable ac
- ANET nibble in Roth ac
- KNSL nibble in taxable ac
04/28 - 04/29
More small moves. If Liberation Day represents a reset, one needs to consider possibilities.
- Former holding, new attempt. Offshore driller SDRL - different company after two bankruptcies. Debt has been reset. Reacquired its MLP spin-off, but only kept the floaters.
- Another AMAT nibble in taxable ac
- HIMS bounce on a deal - closed out the taxable ac position.
- More BROS in taxable ac
- GSM nibble in Roth ac
- GSM nibble in taxable ac
- BROS nibble in Roth ac
- QCOM nibble in Roth ac
- AMAT nibble in Roth ac
05/02
A few moves to close out the week
- GLNG nibble in taxable ac
- AMD nibble in taxable ac
- ANET nibble in Roth ac
- YMAG nibble in taxable ac
- GSM nibble in Roth ac
- More ZIM in taxable ac
- QCOM nibble in Roth ac
- Another GLNG nibble in taxable ac
If you are wondering why the double GLNG nibble. There was this new announcement from GLNG–
https://seekingalpha.com/news/4440014-golar-lng-signs-20-year-charter-for-flng-hilli-redeployment-to-argentina
The big news is in the second paragraph. The Southern Energy entity is interested in the Mark II vessel currently under construction. [Edit] If the deal gets signed before the end of 2025, that increases the likelihood of an additional FLNG order. It also smooths things out on the financial side. After all. GLNG will have added backlog, and easy financing prospects with the known cashflow.
05/05 - 05/09
Quite a few holdings reporting quarterly numbers this week including INSW, TRMD, COHR, ANET. Some activity on my part
- Nibbled on PLTR in taxable ac (after earnings announcement)
- LULU nibble in Roth ac
- AAPL nibble in Roth ac
- COHR nibble in Roth ac
- BWLP nibble in Roth ac
- ZIM nibble in taxable ac
- BRK-B nibble in Roth ac
- HIMS nibble in taxable ac
The HIMS trade and its share bounce moved that name into Top 10. Clumsy HIMS trading the last month cost me some $$
05/12
Whoa! Did not expect to see that kind of bounce.
- More FLNG in taxable ac
- Restarted TRMD in taxable ac (no wash transaction)
- Added to BRK-B in Roth ac
- More AMD in Roth ac
05/13
A couple more trades completed yesterday
- More ABEV in taxable ac
- More TGT in taxable ac
While there was no trading on my part today, the day is significant in that S&P ended the day back at the levels it started in 2025. While overall, my port has not recovered quite as well as the market, it has seen some recovery. Overall, probably off about 5% from the start of the year. That said, the Roth ac seems to be holding up much better - possibly -1.3%
Recycled or partial recycles on the way down. Will likely partially recycle with the recovery news. One definitely on the radar - ZIM. Depending on the dividend news - BWLP is also a candidate. Perhaps ANET
05/15
Some trades
- Opportunity presented itself - trimmed ZIM in trading ac.
- In taxable ac, closed out LPG prior to ex-div. Gains on half the shares, losses on the other half - net gain.
- Added to VSH in Roth ac
- Restarted WU in taxable ac
- More CAMT in Roth ac
- Considered adding to HIMS. Decided to wait.
Yikes! NFE got smashed up after blowing earnings estimates
05/16
A few more changes
- Been watching MLGO the last few weeks. Decided to take the plunge - small stake in trading ac
- Another ZIM trim. Some losses, some gains
- On price retreat, more AMAT in Roth ac
Saw an article on supposed container vessel demand jumping since news of tariffs being pushed out. Like the retailers are suddenly going to respond by ramping up ordering based on the tariff delays? Also, AMAT had a small pullback. Likely due to concerns about China.
05/21 - 05/22
A lot more activity the last couple of days.
- Added to BWLP in Roth ac, then watched it tumble
- Added to BWLP in taxable and watched it tumble
- Added to FLNG in Roth ac near the end of its tumble
- Trimmed ZIM twice
- Trimmed ANET
- More WU in taxable ac
- On bounce, took the MLGO gains (very nice ST gains)
- Realized NU gains
- More GLNG in trading ac
- Trimmed LULU in Roth ac
- Closed PLTR in taxable ac
Not saying all the moves will work. But also, felt frustrated with the market the last day or two.