Major reshuffling of the PF over the past two weeks:
- 1 new trade opened (#WBI)
- 7 major trades closed out
PF now comprises 9 holdings: 2 LT investments, 7 trades.
It wasn't a task I enjoyed, as I see amazing upside in all 7 companies sold, but the rationale was thus:
1/5
1) All exited positions were in good profit - two having returned triple digits in a short period.
2) PF leverage has been substantially reduced, which for me is critical, as US election approaches and an autumn/winter savaged by #COVID19.
3) PF is now more...
2/5
...concentrated (a personal preference).
4) It has freed up cash to enable me to open a new major LT trade: #AVCT.
I've built a 6 figure holding over the last 2 days across the family (separate from our core LT investment in the stock), to be held for the next 2-6 months.
3/5
I've begun writing a note on the rationale (hope to publish Sunday), but in short:
The wider market is not appreciating the very near term, frankly astronomical, upside potential to #AVCT's SP.
Vaccine setback, Project Moonshot, global daily new cases at all time highs...
4/5
The scene is set for regular, at-home #COVID19 testing. The global market over the next year will run into the hundreds of billions of dollars. Securing just a 3% share of that would see #AVCT's SP multiply many times over.
I personally think it'll secure significantly more. 5/5
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