Nuu thread. When I crafted the title, I was thinking about the end result of Q2 2024. The “steady” part refers to stay focused on the areas I enjoy & have some understanding. The “cautious” part is the proceed forward, accounting for risk. At least, “risk” as I understand it.
07/01 - 07/03
Nike lowered expectations, share price got whacked. Added to taxable ac stake.
AMBP continues to meander slightly off course - another nibble
More NVDY in Roth ac (Decision prior to NVDY’s latest div announcement - another $2+ div)
Aaaii!!! The rest of week 2 turned quite choppy.
That said, there were some moments (AAPL, VERI, BRK-B)
07/11 - 07/12
BWLP whack - added to taxable ac stake
Closed out IESC (taxable ac)
QCOM pullback - small addition to Roth ac position
BWLP whack - Roth ac stake
On VERI pullback, repurchased shares
Second BWLP whack - added to taxable ac stake
More NVDY in Roth ac
Restarted GLNG in Roth ac
Slurpee - free @ 7-11 on 07/11
Though BWLP position is underwater, still like the prospects. Strategy on the pick may morph (similar to CLCO) - build up a position at lower price, and eventually jettison the higher priced shares on a good bounce. Roth ac stake obviously adds some complexity.
07/15 - 07/17
Week three
Hump Day comes along and sets back the work of a few weeks
Had added in select names e.g. CELH, BWLP, NVDA, NVDY, GLNG and the Taiwan related comments dampens many big tech names.
TRMD fleet additions - a plus, but the full impact is probably in 2025 (vessels deliver in Q3 and Q4)
[edit: On a bloody day, NFE had a significant 8.5% bounce (counter move)]
07/18
Feel necessary to comment- Market today has again headed lower. Port has followed in that direction too
QCOM continues its slide, BROS retreats, AAPL, COHR, SE slide,
Shipping side has been calmer this week. If I stretch it, maybe LPG slipping below $40 is a small worry (Overall, LPG is still positive)
Steady name thru the last week - BRK-B
07/19
Major worldwide IT-related outage.
Restarted work computer - no issues, restarted home computer - no issues
Brokerage ac - somewhat slow earlier in the day, and stayed that way for much of the day.
Slow sell-off bothering me. Reacted by selling the small STNG stake
VATE announce reverse split 1:10 - okay, that marks the end - sold off stake
NFE positive momentum continues
TNK nibble has it replace STNG in port. TNK has some pluses - no leverage on most of its fleet, good potential in short => medium term. And a major minus - very non-inspiring growth plans (Growth plan: Huh! what plan?)
07/22
Weekend political developments mean what to stocks???
Market positive thru mid-day.
Own port - most shipping names up, VZ down big among large caps
Let’s buy … more BWLP
07/23
Had commented on NFE’s bounce last week. It is a very tiny stake, so I had not dug deeper into why it bounced. Well, the timeline suggests it was this news - the Fast LNG asset is finally in production
Today, NFE is selling off hard - down 10% Huh? The positive development ran out of steam.
07/24
I had multiple down days last week. Then recovered much of it over the next few days. Single day (07/24) more than resets my self managed accounts down more than all of last week - very ugly. The few rare holdings that avoided the carnage - VZ, LPG, AMBP (has earnings soon)
Headline makes me question what last week’s claim was all about
Some of the other details make this sound a little sketchy - the vessel draft data, (import gas from US, convert to LNG, sell back to Mexico as LNG, then re-gas??)
07/25
As I noted in the OP and in the thread title, today I decided to lean more to the cautious side. Yes, there were some incremental add transactions. But, today was about being a little defensive.
At the beginning of the week, I had trimmed FRO in Roth ac. Today, some of that position was reinstated.
Trimmed IEP in taxable ac
On bounce, trimmed VERI in Roth ac (AI ideas are not supposed to be bouncing when the segment is getting beat up)
On bounce, exited SNOW.
Another GOGL nibble in taxable ac
SE had been good for the port. Realized more gains
Exited ECO in taxable ac (small gain)
[Edit: Also trimmed CLCO in taxable ac]
Port went from negative to positive, then back to negative (slight negative, not the horrendous blood bath of yesterday). [Edit: slight negative went more negative, but nowhere near 07/24 negative]
Originally thought AMBP reported today. Noticed late yesterday, the company had reported earlier in the day. A boring idea with the appeal of paying a nice div. Mixed results with a revenue miss. But, AMBP maintained div and added another financing facility. [Edit: The financing facility adds flexibility, but caps the dividend. Accept the trade-off] Makes AMBP a hold
Considered adding to BDRY stake, then paused.
Bad week: About -3% for the week with previous top pick, QCOM, sliding hard before recovering a little today
08/01
Can I say I’m ruffled, but not panicky?
I did close out my entire VZ stake on the bounce. Am scanning other ideas in the port. Likely won’t be as extreme an action. I do have plans to trim some of my NKE (but not today - wash related) & CLCO.
Added to GLNG in Roth ac
Reporting entities:
LPG - Given what BWLP mgmt suggested in the Q1 call - good TCE avg, looks like div maintained
TNK - Have not drilled too deep, but a positive development - vessel has been acquired - a 2021-build; reg div 25c/sh maintained, shares getting pummeled (hmm??)
08/01
Another holding that reported today was AY. Have not listened to earnings call, but am going to guess at least one analyst will have asked about the time-line on the acquisition. Company docs still say between Q4 2024 and Q1 2025. For the current div, shares go ex-div in late Aug 2024. Hold beyond the Q2 2024 div? Leaning towards “No”. If there was another interested buyer, I think their bid would be in. Also, an election involving candidates with very contrasting views on renewables is also in the same window.
08/02
Another ugly day! Checked early in the day and was down at least 2% Got slightly better about 2 hours later. Then got worse again.
Roth ac nibble on QCOM
Gains left at table - WU, now turning negative. Closed out small Roth ac stake
Still undecided on COHR
Still undecided on TNK
Still undecided on CELH
Closed out TSLA in Roth ac
Trimmed AAPL on the positive bounce (Was #2 at start, slipped to #4 at close)
