The Rule of 3% says that for High Confidence Portfolio companies, any daily decline at or above 3%, shall trigger an unconditional Add of similar proportions. But… there are regulatory potential caveats and detailed ameliorating considerations, sub clauses and pertinent Other Stuff that must be considered, pondered and otherwise weighted prior to any actual Add can be added. And so on and so forth.
After studiously reviewing all related data from a macroscopic mindset I made the following Adds today:
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Added to APP at 294.27
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Added to ALAB at 68.11
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Added to PLTR at 108.43. (Under the 3% Catch-Up Rule.)
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Added to RDDT at 104.46
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Added to UPST at 45.85
Note: While not pertaining to the 3% Rule I also added to TRIN largely because it needed a little more juice, had a pretty good recent report, yields over 14%, and is the only BDC that BDC Buzz currently has green lighted. So there’s that.
Was this early? Rash? Completely Inane? We’ll see I suppose but rules is rules.
All the Best,
Big Dumb Hick Investing