Treading into 2023

Well, the New Year (2023) has started.
I know the market seems to be walking on egg shells - lots of uncertainty in the air.

  • The one bet I have not felt uncomfortable about is Brazilian Beer Bet [BBB], aka Ambev SA (ABEV). In the two trading days of 2023, I have doubled my ABEV stake, and monitoring for further weakness.
  • Dumped most of BDRY on the price bounce today.
  • Added to AAPL today.
  • Watching FRO pull back. I don’t mind that because it is inching down to a level where I might consider a nibble. The Russia-Ukraine conflict and its effects on other economies e.g. Europe, China & India, will continue to impact the tanker sector (both clean and dirty)

Slow motion Deja Vu
The first two days of 2023 I have bumped up my ABEV stake - same as in 2022. Today (01/05/23), I have added to FLNG stake - same as in 2022.
Does that mean I should be looking at AY and DDOG next? Those were also ideas that got additional purchases in early 2022

Actually, I am wrestling with a VATE decision - add or wait?

Late in the trading day, added to AY position- slow motion Deja Vu continues.
Reasoning/logic: AY is a utility, a defensive type idea and fits in my long term strategy. Though I have some AY shares in the green, overall AY is red. In the medium-term, the purchase could be viewed as “replacement” shares

On the sudden pull-back, conventional tanker sector looks appealing - Torm (TRMD), INSW & FRO - all on the radar. The first two, primarily, the clean products angle, and with FRO, the mid-size tankers

Had done this in Dec 2022 too - trimmed GOGL on a bounce. Repeated the process today (01/06/23).
Taxable account, small loss (with div, overall gain). Early in the year, if shares get washed, I can live with that outcome.

Small nibbles - BNS (for dividend ac) and GSM

Feeling a lot more adventurous and optimistic today

  • Another ABEV nibble
  • A VZ nibble
  • Dumped SPI runt position on price bounce
  • Nibbled on INSW
  • Added to PDT
  • Added to NAT
  • Added to VATE

01/09 continued

  • GSL price bounce had me dump about half my stake. It seemed like a good time to reset. It covers multiple individual transactions- some positive, some negative
  • More PFE for div basket
  • Trimmed GOGL again
  • More VZ for Roth ac
    Significant %? Sales & purchases combined about 2.3%

Trimmed SBLK, after prior trims of GSL * GOGL.

GOGL issued a Press release on share buybacks.

  • Shares purchased is not significant.

  • After currency translation, that works out to $8.07/sh. If nothing else, that average gives an independent suggestion as to the value of GOGL shares are. Now, I wait for GOGL shares to retrace to those levels,

  • Prior days this week, had considered whether I should trim the taxable ac CPNG stake. Didn’t … paid for that indecision :frowning:

  • OTOH, good call on VATE nibble

Week 2 of the new year comes to a close.

Maybe I’m wrong to trim some dry bulk shippers here. But, the signs for dry bulk shipping are not positive so far. Today’s (01/13) news

Right – so the BDI is as low as during the Covid-19 pandemic period, and there is likely more downward pressure to come (at least, till after the Chinese New Year). Stay the course, add conventional tanker names if I
need shipping replacement options.

Still happening- trimming dry bulk shipping stakes as respective shares prices head higher

  • SBLK trim (taxable ac)

  • GNK trim (taxable ac)

  • SBLK trim (Roth ac)
    and a non-shipping trim

  • TKLF trim (Roth ac)

  • AY bounce - Yay!

Thru 01/20

  • More small decisions wrt trimming dry bulk shipping stake (SBLK, GNK, GOGL)
  • More PDT
  • More QCOM in Roth
  • Going in, I knew I was little late jumping into NAT (a FOMO move). Timely trim (and partial wash) saves me some change today. Early in the year, NAT shares can be washed next week
  • GLNG trim, Could be a wash next week.
  • More ABEV (Roth ac, this time)

Thru 01/25

  • Washed NAT. Guess I should have waited :wink:
  • Another ENTG nibble
  • TRMD kept falling - nibbled today’
  • Another CPNG nibble

Logging into accounts for the first time in 3 weeks. Health of family member is more important than stock holdings. Been a rough emotional roller-coaster ride trying to assist my father.

A few trades while waiting to board my next flight - since I have out of the loop, just a few nibbles on known entities - ABEV, RA, GSM & CPNG. My hunch on TRMD turned out accurate. Slightly bigger surprise, at least to me, is NAT’s bounce.

Busy day

  • Took gains on the AMKBY bounce
  • Took gains on the NAT bounce
  • Trimmed GSM on the bounce (still in Top 10)
  • More BHP
  • More TSLA in Roth
  • More VZ for DRIP ac
  • More BRK.B in Roth
  • More VEEV
  • More ZIM in DRIP ac
  • More AMZN in Roth

March 2023 - week 1
FRO nibble - Taxable ac
GSM trim - Taxable ac
FRO nibble - Roth ac
Late to the party with FRO. But results were good for Q4 2022, and Q1 2023 looks even better QTD

  • Over the last week, multiple FRO nibbles have led to me building up a small position, slightly over 1.1%
  • Considered adding to CPNG, BNS
  • Added to TRMD during the 03/06 down day.

Nice little write up on CPNG…doc

Coupang Stock Is Down 70% From Its High. Time To Buy? (

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Thanks for the CPNG article.
CPNG is a mixed bag for me. I have an positive slice in my Roth ac, and a larger negative slice in my taxable ac (overall negative). First took an interest in CPNG about 15 months ago. Along the way other developments caught my interest - a Softbank investment, signs that their strategy was beginning to mesh, a Druckenmiller investment. Both Softbank and Druckenmiller have trimmed, so I have toyed with the idea of having both a LT stake and a tradeable position. About 1.3% stake in invested dollars.

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Definitely 03/07 (possibly 03/06)

  • ZIM bumped GSM out of 10th spot.
    Might be short-lived as I rethink the ZIM holding in the Roth ac.

  • More BNS

  • GSL bounce had me take some gains. Noticed that the lessor made plans to sell GSL Amstel. While definitely not the oldest, certainly one of their smaller vessels.


  • Dumped TKLF in both taxable acs
  • JMIA nibble
  • VATE trim in Roth ac

Ack! Back to ugly red days again.

  • Add to BHP
  • Add to ZIM

Divs have started coming in - GOGL, GSL, FLNG




I love the double digit dividends. Have you checked out QYLD? I’ve had it for over 6 months and its a solid double digit dividend every month. Also, when/if crude oil starts to go up over $80, I will get back into OILK for the huge dividend that it pays (check out 2021 and 2022)…doc

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