Well, the market (and I) have ventured into Q2 2026. Like NASA’s space explorers, lots of unknowns. Pleased that the launch was successful, and hoping for the same in my port during the quarterly time-frame. The shipping names, in particular, the liquids side (different type of tankers) had a great Q1 2026. Will things hold up when the respective tanker companies report their results? Other than BWLP, and PSHG I don’t really know the full impact of tankers stuck in the Middle East. Herb (CEO of NAT) did make mention of healthy rates for more than a couple of vessels No word on whether NAT have utilized their at-the-market offering to raise additional capital. Now would be the time to take advantage of a hiked share price
04/06 - 04/08
Truth Social posts create a choppy market Nice bounce today offered an opportunity to add, and to trim, some positions.
On bounce, trimmed ANET in taxable ac and added to DHT position
On bounce, trimmed VERI in Roth ac, and added to GSL position
(Just noticed each account had a tech-related trim, and a shipping addition)
The TWO acquisition did not go through. They pay a fee to UMWC for not going thru with merger. My larger stake is the UMWC. Now, waiting for UMWC’s share price recovery.
That Artemis comparison actually fits the mood pretty well, starting the quarter with momentum but still a lot of uncertainty hanging over everything. Shipping names had a great run, but I’m also not sure how much of that holds once real numbers come out. Phonexa is a good reminder that tracking performance over time matters more than one strong quarter, especially when things get volatile.
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Thanks. It seemed appropriate after watching and reading about the launch. Regarding shipping, I think, in general, many tanker companies will have above average results. In particular, those with significant spot exposure. That said, other segments, e.g. container shipping will likely also have decent results.
04/08
At the start of the day, COHR zoomed to the top of my holdings. As the day played out, COHR’s share price dropped, and the holding could not keep the top spot. COHR now in 3rd position, behind NVDA and BRK-B. Some trades today, including more IREN in Roth ac and more CELH in taxable ac
04/10 A tech comeback week. COHR bounces again, and closes the week in Top spot. Even with a silly trim move, NBIS has the momentum to jump into Top 10. Enough of a jump to move into 9th spot, above INSW. TRMD drops out of Top 10. Only week 2 of qtr 2, but it seems some tech names have picked up steam (besides COHR, NBIS, seeing AMD, ANET, AMAT, MRVL bounce)
04/12 - 04/15
Good week for the port. Tech rise seems to be getting stronger by the day. Been getting over my habit of anchoring. A few weeks ago, I would have been a little reluctant to add to a name like FRO in Roth ac. Especially given the market conditions, I think FRO will be able to ride market higher. Have also added to DHT in taxable ac this week. AMAT another name where I am getting over the anchoring habit. More CELH and HRL Self managed accounts clearing new highs on successive days. Helped by tier two names e.g. IREN, CRWV
04/20
Good olde 4-20 - did not check to see how the pot names behaved today 
First trade in taxable ac - another ALOY nibble. Subsequent moves in Roth ac.
- ALOY nibble in Roth ac
- IREN trim in Roth ac
- More CELH in Roth ac
- Trimmed FIG in taxable ac
- CORZ trim in Roth ac
- Tiny stakes e.g MRVL, VSH holding up quite well
04/21 - 04/24
After some trades to start the week, a bit more quiet as the week progressed. There was more CELH in taxable ac, and a DHT nibble in Roth ac. The latter had provided an update with a decent amount of data. This is actual data, not the projections of various SeekingAlpha pundits and authors. I think a TCE above $75K daily is very good, and DHT has indications that Q2 2026 will be even better (well 71% done above $115K daily bodes well). Noted the comment on INTC - highest level since previous highs during the dotcom era - Wow! Happy with my AMD too. The other name was MaxLinear (MXL). For some reason, I had associated the name with Solar. I did not realize this was a Semi company that could bounce like that segment. QCOM bounce also appreciated.
04/28 A series of small moves
- Sell CRWV in Roth ac
- Sell CORZ stake in Trading ac
- On bounce, trimmed BWLP in Roth ac
- Added to HIMS in Roth ac
A small tech sell-off seems to be at play - hence the move to lock the CRWV gains, and some gains in CORZ. I had not caught the data-point until yesterday. BWLP had a comment on their Product Services segment - Q1 2026 has a significant gain.
Nice gain for Product Services. That said, the nature of that segment means the gains are typically not recognized in the quarter they occurred. Instead, the gains get distributed over multiple quarters.
04/30 Nice way to end the month.
- On pull-back added to VERI in Roth ac. Had sold for around same price about three weeks ago. Essentially. confirmed the loss AND reset my VERI basis.
- Added to SE in Roth ac
- Nice bounce from QCOM. Opted to monetize some shares in Roth ac
- CORZ has priced $3.1B in 7.75% Notes due 2031. A chunk covers the existing short-term debt facility. So, this is essentially a “debt punt”. Hopefully, the income stream from their Data Center build-out starts soon enough. But, I’m a little more nervous about this Neocloud. Trimmed stake in taxable ac.
- Nibbled on new tech idea - Maase (MAAS)
- Had joked about cannabis stock on 04/20/26. Today, Akanda bounces over 85%. The company had completed a 1:4.5 reverse split at the beginning of the month. I’m guessing the drug recategorization developments had a part in the bounce.
Great follow-thru by QCOM
05/01 Today is May Day and Intl Workers Day. I decided it was also a good day for some Spring cleaning. Decided to spruce up the port with a variety of trades
- HRL continues its tumble - added a little to stake
- First clean-up - trimmed PGY (taxable ac) for realized loss
- Opted to trim QCOM again - Roth ac gain
- CORZ sale in Roth ac. Only CORZ stake left in taxable ac
- Nibble on AMAT in taxable ac
- Sold most of the NEGG position in taxable ac
The moves the last few days has seen the cash stake starting to rebuild again.
05/04 - 05/08
Market keeps heading higher. Port keeps edging up too. This week, a few shipping names reported - LPG, CCEC, INSW & DHT. Own shares in the last two of the four, so I did a quick check on the results for each. INSW was definitely a great result, great payout, and positive momentum. On a relative basis, DHT several notches below INSW. But, still a decent showing. Added to INSW pre-results, and DHT post results. Have not reviewed the other two - each reported in the past two days.
Other trades this week include more CPNG in both Roth ac & taxable ac, ANET nibbles in taxable ac, Trimmed IREN in Roth ac, nibbled on new idea - PRIM. Did not expect QCOM to blow past $200 so quickly. Makes the trimming events from last week bad timing (But, for a positive spin, at least it was Roth ac gains - no taxable consequences). Also, added to HAFN position in taxable ac with a nibble. CORZ became of interest again. Yes, I have closed out the Roth ac stake, and trimmed the taxable ac stake. There is still a small taxable ac stake. Why the new interest? Well, the company made an acquisition (a crypto related entity) and have plans to expand capacity in at least one location.
05/10 - 05/15 Things were a little bouncy this week, especially on the tech side. QCOM share price took off, bouncing almost 35% in the last few weeks, then giving up a majority of the price gains this week. Burns me a little since I had trimmed my QCOM stake just prior to the run-up. Still, QCOM is holding up well YTD, up almost 18%
Some shipping names reporting this week, including a couple of names I own. Though broker Pareto did not seem impressed, I liked FLNG’s outlook. Sure, Q1 2026 results were not fantastic, the company got the job done and increased charter coverage. A 15-year charter kicked in, FLNG secured a 2[year charter, & two 2-year options were confirmed for two “charter holes” in 2027 - 2029. In addition, the company secured short coverage for two vessels through different time frames in Q3 2026. As noted in their release - Qatar is 20% of the LNG export market, and most of that has not been replaced yet. I have not dug into TRMD results but did note the div declared was 70c/sh. Some trading this week
- Added to MAAS in taxable ac
- Added to DHT in Roth ac
- Trimmed IREN in Roth ac
- Added to GSM in Roth ac
- Closed out VSH in taxable ac
- Closed out FIG in taxable ac
- After major bounce, trimmed SE in Roth ac.
- Added to INSW in taxable ac
- Added to BROS in Roth ac
[Edit: The close-out moves in VSH and FIG sorta backfired. They were supposed to be a paired trade - VSH had significant gains, FIG big losses. FIG was working - shares continuing to drop. But then, price snapped back. Shares in both ended up higher. ] IREN trim seems to be working.
05/18 - 05/22 More shipping entities reporting, including GSL, CMBT & FRO. I did a quick perusal of all three, including CMBT (no position). GSL had pre-announced their div about 10 days earlier, ex-div was yesterday. FRO bumped up their div, and Q2 2026 is projecting to be even better. Trading was somewhat tempered this week. COHR had moved into top spot, and I opted to realize some gains. It was still holding up well, then along comes QCOM with its bounce. QCOM nudged its way into top spot. Trimmed CRWV in taxable ac. But, in general, the neoclouds seem to have gotten a second wind the back half of the week. Added to DHT in taxable ac
05/25 - 05/29 With a holiday tossed in, a much slower week. The old adage, "Sell in May, … " - I guess I participated a little this week with selling some QCOM in Roth ac, and closing out SE in Roth ac. Then an INSW nibble in Roth ac. No taxable ac moves. A few weeks back, I had considered starting a HRL position in Roth ac (Cue - “Spam! Spam!, …” ). Shares have bounced nicely - good for my existing taxable ac position (now back to +) . Just poked a little at TEN earlier. Company actually reported the prior week. Not a name to chase. Especially with what appears to be a shipping sell-off. That’s impacted the more recent purchase slices e.g. INSW, DHT, FRO, HAFN & GSL. But overall, the shipping basket is holding up well. A holding that appears on the rebound is CELH.
06/02 Processing some of these jumps is a challenge. Today, it was MRVL and COHR. Unfortunately for me, I had trimmed MRVL so what I own is a tiny position. OTOH, I have a nice position in COHR. BWLP also announced today. Decent numbers, plus div hike. Like conventional tanker segment, Q2-to-date looks good. Last plus, BWLP is looking ahead with an order of 8 newbuild VLGCs.
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06/05 Ouch! Ugly day for the port - five-figure loss for one account (Edit: Not account, but brokerage - about 75 - 83% of self-managed). In particular, COHR, QCOM. To a lesser degree, NBIS, IREN. Then NVDA. Prior actions the last few weeks - trimming QCOM, IREN & COHR, look particularly good now.
Not ex-div yet, added to INSW (in Roth ac) and FRO (in taxable ac). Also, restarted WU (in Roth ac) and RWT (in taxable ac)
06/09 Commented elsewhere on plans to adjust for SpaceX developments. Had suggested I would adjust my position size for select names. Specifically, focus on names that were Top 10 in the QQQs, and also my QQQ position. With that in mind, the names that bubbled up were NVDA, AAPL & AMD. Today, NVDA & AMD were initially trimmed. Then COHR, then some QQQ. All transactions in Roth ac offers me flexibility to jump back into those names at any time. Did also nibble in a couple of names - SE & UWMC.
06/12 Well, the big IPO event finally happened - SpaceX got a 20% bounce out the gate. Will it hold? Chances are the index, ETF and funds looking to add SpaceX positions will create upward pressue in the near term. As noted in a couple of recent posts, the larger tech names should also feel some pressure. Other space themed names e.g. York, Voyager, Redwire, etc. took a hit today. Might be a good arena to peruse for ideas. Nice bounces from DHT, TRMD, FRO on the shipping side.