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.
1 Like
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