Following up to my post on being greedy when others are fearful.

I've been rotating out of some of my positions in banks/CPG to buy some battered high-tech high-growth names that I think are strong companies, now at reasonable prices.

Adding to my existing speculative posns
$PTON
$JMIA
$WE

Adding to core posns
$ZEN
$WOOF

New positions
$CHGG
$UDMY

Also, plan to buy LEAP calls on the following if prices dip further (set orders with aggressive price limits).
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Gaurav Kotak @ Fincredible's avatar
and my 'adds' are throttled (buy 1/3rd of what I'm comfortable with), which means I am willing to add one more installment of 33% on adds and 2 more installments of 33% on new positions. Sharing to encourage discussion on this technique
Nathan Worden's avatar
So the ‘throttled adds’ are in case things keep dropping and you can add more lower?

Udemy is a new one! I didn’t know they were public!
Gaurav Kotak @ Fincredible's avatar
Yes. Exactly. I typically buy in '2s' in regular times and '3s' in choppy times since I have no control over the short term even though I think the price is 'right/comfortable for me'. E.g. I bought $PTON last week (or week before) and already down around 10%. No problemo!

And sometimes I do buy on the dip 1st time itself, in which case I'm also fine to buy at higher prices so long as I think the price is still reasonable.

and $UDMY went public about a month. I prefer them to $COUR given higher % of enterprise revenue, and fact that 2 smart people I know and like work there :)
Gaurav Kotak @ Fincredible's avatar
They both dropped quite a bit even before this meltdown on the horrible earnings of $CHGG, which makes little sense since the headwind of students not going back to 'physical' university or taking few courses for $CHGG should be tailwinds for $COUR and $UDMY. and yes I also bought $CHGG since earnings were pretty bad but i think the headwinds are temporary and their business model / value prop is more permanent.
Gaurav Kotak @ Fincredible's avatar
Update also bought $ADSK and $NTNX

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