Hey everyone, welcome back! I’ve been very busy so this post is very late compared to the normal weekly posts. I made many changes to my portfolio in the last month so here’s an update.
I started a half sized position (3.5% of total account value) in BILI at $18.69 at market close today. I like the anime they produce, and the price is reasonable given their revenue and growth potential. I plan to have it up to a maximum of 7% of my total account value if it drops significantly lower to around $10.
BILI weekly chart below:
Also, I increased my BABA shares by another 15% at a price just above $88. This was about 2 weeks ago. Shares are currently at about $82 and my average is around $120. I’ve never seen such a financially sound company drop this much and to valuations this cheap. My plan is to sell it at or above 250, which is what I believe the company is worth today given cash flows and sales. I also don’t mind holding for 5-10 years.
Lastly, the INTC puts I sold closed in the money last Friday (I sold the 45 strike puts) so I now have a full sized INTC position which is ~20% of my total account value. I’m down a little on it despite getting multiple dividends. INTC weekly chart below:
I plan to go to grad school for my MBA and I’m currently studying for the GMAT. As a result, posts will likely be less frequent than once a week. Thank you for reading, and I’ll see you at the next post!
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