Portfolio changes - update 8
Hey friends, there's a lot of cleaning I'm doing, for real. It's getting tricky, as there's basically no companies I view as weak in my portfolio, now it's reaching a point where I have to consider just how much the position covers what I want it for and whether there's others that can do so instead, so I can consolidate further. I tend to prefer optionality over specialization. So:
- I sold $ENPH - it's simply hard for me to pass on $TSLA at $700, I also sold $ASML as I see $AMD $NVDA and $QCOM more lucrative when looking at valuation vs revenue and earnings growth. Again, this all is about personal preferences and there's a lot of bias and other nuances of data points somewhere in my head that get me to those decisions.
- On the other hand, I initiated positions in $SNOW and $ZS, as mentioned previously. I like this pricing.
- I added to my positions in $ABNB $DDOG $MDB $NET $COIN (although I'm staying cautious there) $TEAM and $TSLA.
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When I was studying Solar in 2015-16, I was screaming at the top of my lungs for people to buy Enphase ~$3. All the experts said avoid, while dropping their fancy acronyms and useless info. Meanwhile, our college entrepreneur program was installing Enphase on literally 100% of our residential installs. Was obvious to us they were going to be the leader in the space. Definitely been crazy over valued for a while now, wise to get out.