Patience is a virtue

but sometimes the opportunity cost seems too high

I sold $BABA. Not because I think the stock won’t work (I think it will) but because at this point I don’t know what it will be that will make it work (i.e. I do not see the catalyst that changes sentiment (many have failed!) and hence I do not know when it will start working) and because I needed cash to increase my Uranium exposure. BABA is down over 10 years…

…and might meander between $70 and $110 for another 2 years, while Uranium, something I have been holding for 2 years now, is finally getting its move on.

I could sit around and wait it out with BABA, but it is awfully hard to do, and recently got harder every day, as I watched Uranium going up and up… And honestly, I waited too long already, if I am being objective and honest.

Hence I finally caved, decided to liquidate BABA 0.00%↑ and reallocate the funds to things where my investment thesis is supported, rather than called into question, by the price action. Doing more of the stuff that works, and ruthlessly culling stuff that does not, has been a goal that I set for myself at the beginning of this year. I am still not where I want to be in that regard, but this shift from BABA to Uranium is another step in the right direction (watch BABA go to the moon starting tomorrow 😂)

A few months ago I doubled my $U.UN, now it is 20% higher, and today I increased it again by 66% with the lion’s share of the BABA cash. How could I not, after reading Kuppy’s bull porn, looking at the uber bullish chart, and salivating over the inherent reflexivity of the SPUT trade?

I have earmarked a little bit of the BABA cash for other things I’ve recently written about here and I expect to be able to update the blog shortly on these trades.

As always, none of this is any kind of financial advice.