Upcoming Earnings Calendar (Feb 28th - Mar 4th)
Hey guys! Here's the upcoming earnings calendar! Two of my holdings, $SE and $SOFI report next week, so I'll be paying significant attention to both. Other than that, I'm also interested in seeing what retailers like $TGT $BBY and $COST have to say about supply chain issues and inflation.

Good luck to everyone!

If you'd like an easier way to track earnings dates, you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.

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Upcoming Earnings Calendar! (Nov 1-5)
Hey guys! Here's next week's earnings calendar! Several very interesting companies set to report earnings. Here's the one's I'm most excited about and why:

  • $APPS: any sign of iOS ad dollars shifting to android (Digital Turbine's revenues are mostly from android).
  • $Z: an update on the real estate market and iBuying
  • $LYFT and $UBER: is mobility in the US back to pre-pandemic levels?
  • $COIN metrics on the NFT market.
  • $PENN and $DKNG update on the mobile sports betting market.
  • $ATVI number of Call of Duty Warzone players. The last reported number was 100MM.
  • $CRSR: comments on the supply chain issues they're experiencing.
  • $MELI: update on the Brazilian e-commerce market. Relevant for $SE's expansion.
Comment below which earnings report you are looking forward to the most!
Friendly reminder: you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.

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Micheas's avatar
$35.7m follower assets
What I learned from AMC
Wow. The past two weeks of WSB dominating the market news with $GME, then jumping to $AMC, and now I believe $DOGE? All I can say is my 6-12 month investment in $AMC got swept up, and I had, as most would call it, paper hands. I had done my research; I knew that AMC's YoY revenue was down 90%, and it seemed like a perfect company to rebound in a post covid restricted world. Two quick lessons I got from evaluating this trade is to look at the rest of the market.

  1. Always check the short interest on any stock that I buy.
  2. Pulling out a chart to read the RSI takes 5 minutes to evaluate if a stock is overbought or sold.

Neither of these would force me to go 180 on a decision, but it is critical info before putting money in. (I should have been doing this before.)

So let's dive into my buying history with $AMC, not in shares but the percentage of total volume over the last three months
.
  • 11/27 (10%) at 4.50
  • 12/3 (6%) at 3.75
  • 12/15 (24%) at 3.23
  • 12/21 (10%) at 2.62
  • 1/05 (50%) at 2.00

1.00+ 0.262 + 0.772+ 0.225 +0.45 ~ Average cost of $2.71

The short interest/RSI would have come in handy before that first purchase or even the one on 12/15. I could have timed my entry better, but my price target was $7, so I was still expecting a near 2x return. However, I believed in the play, so as the price kept falling, I kept buying until 1/05 where I doubled my original position at $2.00. I was a believer in the strategy.

On January 21, I saw the price spike in the $3.23 range and sold 20% of my investment.

  1. This was a spur of the moment reactionary sale from the price movement. Looking back, it wasn't strategic and triggered the following events.

Then madness, with $GME still mooning and murmurs around AMC in the same channels. I got weak hands; I was nervous about a severe correction wiping out AMC. I forgot about my strategy my price target and sold in the $4.33 -$4.72 range. This should be a win because I had a ~70% return on the initial investment. Here are the reasons why it wasn't.

  1. I let the market volatility shake my conviction without rationally going through the best path forward. This had happened before when I was holding $NVAX last January.
  2. I clearly missed a momentum play that I was already positioned perfectly to ride. @gannon saw it clearly, posted here and on Twitter, but I jumped off the ship.

So what did I do for the rest of the week after getting over the FOMO. I bought into positions that I have a long price target for $FB, $SQ, $WMT, $CLOV, and $DIS. I repositioned many of my smaller investments that I don't have the same belief for growth or positions like $SPCE that I wanted to take a step back and evaluate at the current price.
Great review! Such a good takeaway regarding focusing on your strategy and conviction instead of price movement. But also this is a great description of just how hard that is in the moment. Thanks for the example. And interesting that you ultimately moved into positions that you have a longer price target for.
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Elise's avatar
$7.6m follower assets
Today’s Trades
I should probably start using this space for real memos! For now, quick notes every few days will have to do.

After frustrations over riding the vaccine wave, I decided to get off. Exited very green ($PFE and $MRNA ) but not what I expected at all. Will continue to watch closely. And am still in $NVAX for better or for worse.

In bio tech, I added to $TWST and $PSTI positions. $TWST because have seen 60% returns so far and think this will skyrocket. $PSTI because despite the drop, we are seeing a quick comeback. So good to average down.

Lastly, bought first position in $BIDU . Excited about this one with their speculation about getting into EV.
Elise's avatar
$7.6m follower assets
Today’s Moves
Oy! A more eventful morning than I would have liked! All vaccine related.

Sold $BNTX today. Probably should have sold sooner but was remaining hopeful all week. Going to continue to watch it and consider getting back in at $100.

Honestly could say the exact same thing about $CVAC. Sold but will still have an alert on $100. Their results of their Phase 3 aren’t looking great so a bit less interested in this one.

Took sizable profits on both but could have taken more if I had pulled the plug a few days ago 🙃 Don’t you love when that happens?

Continuing to hold $NVAX and $NVTA probably despite my best judgement. Put some serious alerts on though so I don’t miss anything.

In news outside bio, added to $OKTA and $TWLO positions.
I really like Invitae $NVTA for the long term even though it is a risky play for world domination they're shooting for.

For me its a 'size according to how much I'm willing to lose' and then just don't sell. Otherwise I'll be a weak hand with all the volatility. In my opinion this is a company where Morgan Housel's words ring true: "Volatility is a admission fee worth paying"
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