Anthony 27 commented on a stock · Sep 12 13:35

My LONG | SHORT Portfolio + Sold some NVDA at 120🔥 SMCI makes announcement soon??🤯

Last week was a deep red week and as I mentioned, I did take the opportunity to start building my portfolio by buying Index ETF like $Invesco QQQ Trust (QQQ.US)$ that tracks the Nasdaq 100 Index and buying quality stock like $Alphabet-C (GOOG.US)$ at the range of 150-153 and I am happy with it‼️

However, I actually didnt add any $NVIDIA (NVDA.US)$ last week due to it’s my top heavy stock in my portfolio and I actually planned to add it when it’s back to the right side of the uptrend and I saw that yesterday, so I added a lot at the 108.95 range and of course, I sold bunch at the 120.44‼️ it’s a good profit anyway‼️

$Super Micro Computer (SMCI.US)$ Based on the news, SMCI was expected to announce their 10k filling on Friday during after market and latest shall be on Monday. So basically, I would say it’s a gamble rather than investing but the risk and reward ratio is good in my opinion 😅 So I bought SMCI yesterday at around 425 and expected at least 15-20% upside if SMCI really makes the announcement according to the SEC standard. However, if wrong, then I might cut loss😂 I would set a stop loss perhaps at the 400-415 range💸

Last but not least, generally September is a very volatile month and mostly a red month too🥺 Since I do have a bunch of Long Term Stocks so it is not a bad idea for me to short some weak stocks as a hedge. Last week I shorted TQQQ/AMD/AVGO/TESLA and all short positions were closed in this Monday when I saw the trend is about to change for awhile‼️

However, since market has rallied 4 continuous days, so I decided to short $Tesla (TSLA.US)$ . The reason why I’m shorting Tesla is basically it’s the weakest among the mag 7 stocks and it’s very news driven stocks but of course 10/10 Robotaxi is coming so anytime if it goes wrong, I’d just close my short position immediately‼️

The second stock I’m shorting is $PDD Holdings (PDD.US)$ , also considered a very weak stock when they gave a terrible guidance during their Earning Call‼️

What’s your play guys?