Drones, anybody?
November: +10.4% /// YTD: +63.4%
Hi everyone,
hope you had a great Thanksgiving. Please keep in mind, as always, that none of what follows is investment or financial advice. November went really well especially post the US election. Of course I am kicking myself for having missed several opportunities again, but that’s life and with +63.4% YTD it would be silly to complain.
Monthly beta still remains very low (0.05-0.15), which is important to me cause I do not just want to be a levered long bet on the market. I am trying to construct a portfolio of rather idiosyncratic, independent bets, and so far this has worked magnificently - despite the big mistake of commission (looking at you, ADF Group…) and the many mistakes of omission (IESC, VLE.TO, IBIT, CORZ, IREN, PSIX etc. - really the list is too long to name here but again, I shouldn’t be complaining).
I am sharing the portfolio below. Biggest change has been the exchanging of ASPI 0.00%↑ for $NXSN. The reasoning is simple: ASPI may or may not be a fraud. I do not know, but I don’t want to own anything where there is a chance I get zeroed. It’s as simple as that. I have tons of good ideas, $NXSN being one of them, and I sleep better without being invested in battleground stocks. Besides, ASPI has been a great investment with 150% gains (despite my terrible trading around the name) in 4 months or so, so really, I have no regrets. If ASPI isn’t a fraud and keeps on climbing to $20, I will be happy for the bulls who didn’t give into the FUD. I won’t be bitter: I won’t have lost anything, cause I will likely have made some nice profits in some other idea such as $NXSN. If ASPI ends up disappointing (of which I would put the likelihood at >50% after exchanging DMs with shorts, reading through the back and forth of arguments on twitter and of course perusing the short report), well… then I’d have to say “the writing was very prominently on the wall” and I’d hate myself for having stayed long. I don’t want to hate myself, so selling was a really easy decision.
On $NXSN - I suggest you do your own research. It looks to me it is one of the very few beautiful companies in an ocean of shitcos in the drone space. Three digits growth, extremely profitable, no debt, not trading at a nosebleed valuation. What’s not to like? In all seriousness: if you find something, let me know!
Some people have asked me if I could share what I am doing more frequently than once a month. I do not want to turn into one of these fintwit pumpers who give out buy and sell alerts as I think 95% of those guys are scammers. Also, I do not ever want to be seen as someone who gives financial advice (don’t forget, I am just a good-for-nothing German pretending to be a Spanish grandpa on the internet with no teeth and a hysterical laugh and you should assume everything I say is dumb & wrong). I also don’t think that my trading is particularly good or well-timed: Almost always there is a better entry after I buy something and a better exit after I sell something. So if I gave out real time alerts of my trading, I’d probably be harming people rather than doing good.
Anyhow, below the current stats and the portfolio going into December. All the best and have a nice pre-christmas time.
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