Close Five Positions and add Four New Stocks

Close Five Positions and add Four New Stocks

December 14, 2022 - 3:28 pm

We are closing positions in MSFT, MRNA, USO and our short positions on CVNA and RH.  Our two short positions have returned over $21,000 to this portfolio since we added then just over one year ago.  Stellar returns overall, including from our gains on the long positions. 

We are closing the following positions:
MSFT at $256.65 for a gain of 15.6%
MRNA at $202.75 for a gain of 94.9%
USO at $67.10 for a gain of 63.1%
CVNA buy back to cover at $5.05 for a gain of 98.3%
RH buy back to cover at $258.95 for a gain of 60.4%

We are adding new positions on:
CRM at $130.90
OKTA at $69.80
QFIN at $18.00
NEM at $46.90

The portfolio is now as follows:

Total Invested $100,000              
Beg Year Balance $171,825              
Current Value $217,118              
YTD Return 26.36%              
                 
Position Weight Entry Date Shares Entry
Price
Current
Price
Position Cost Position Value Gain/Loss %
CASH 59.9%           $130,045.43  
FCX 5% 2/22/2021 259 $38.58 $39.43 $9,992.22 $10,212.37 2.2%
CRM 12% 1/1/2021 200 $130.90 $134.75 $26,180.00 $26,950.00 2.9%
OKTA 8% 2/22/2021 250 $69.80 $70.91 $17,450.00 $17,727.50 1.6%
QFIN 8% 2/22/2021 1000 $18.00 $18.05 $18,000.00 $18,050.00 0.3%
NEM 7% 11/8/2021 300 $46.90 $47.11 $14,070.00 $14,133.00 -0.4%
                 
                 
                 
                 
                 
TOTAL 100%         Total Value $217,118.30  
            YTD Return $45,293.36 26.36%

 

We are up 26% YTD and we have 60% in cash with a balance of $130K to deploy as needed.