Recent Transaction History:
On Thursday 8/15/2024, we purchased the following:
- METU at an average price of $29.87 per share.
- GGLL at an average price of $35.75 per share.
- AAPU at an average price of $36.19 per share.
- FNGU at an average price of $394.31 per share.
On Friday, 9/6/2024, soon after the S&P 500 fell below its 50 day SMA, we sold:
- METU at an average price of $26.47 per share. We are down 11.38%.
- GGLL at an average price of $31.71 per share. We are down 5.79%.
- AAPU at an average price of $34.76 per share. We are down 4.01%.
- FNGU at an average price of $321.87 per share. We are down 11.36%.
Overall return: Down 11.25% in three weeks. Did not go well for us this time around.On 5/6/2024, soon after the S&P 500 rose above its 50 day SMA, we made the following purchases and sold when the S&P 500 fell below its 50 day SMA on 8/5/204: META, GOOG, AAPL, and FNGU. We are up +2.6%, -3.6%, +14% and -11% respectively. Overall, a two percent return for the three-month investment. The S&P 500 had a return of only 1.4% for this same time period. Therefore, we exceeded the return of the S&P 500 again.On 11/3/2023, soon after the S&P 500 went above its 50 day SMA, we began purchasing shares of META at an average price of $311.98. On 4/18/2024, soon after the S&P 500 fell below its 50 day SMA, we sold all of our shares at an average price of $510.26. We are very happy with our 63% return in less than six months.
Why did we purchase META?
- It has a fantastic upward trend. You may click here to view the Stockcharts graph.
- As of Sep 30, 2023, META had $37.22 billion available and gave authorization for stock share repurchases. Full story here.
- Meta currently trades at a next-12 months (NTM) price-to-earnings multiple of 19x. Full story here.
Why did we sell META?
- We are unhappy with the overall trend of the stock market. The S&P 500 is below its 50 day SMA.
On 11/3/2023, soon after the S&P 500 went above its 50 day SMA, we began purchasing shares of FNGU at an average price of $162.77. On 4/18/2024, soon after the S&P 500 fell below its 50 day SMA, we sold all of our shares at an average price of $298.19. We are extremely happy with our 83% return. This is a fantastic return for a less than six month investment. This is why we operate this website.Why did we purchase FNGU?
- It has a fantastic upward trend.
- The reasons listed on this website.
Why did we sell FNGU?
- We are unhappy with the overall trend of the stock market. The S&P 500 is below its 50 day SMA.
On 3/18/2024, we purchased shares of GOOG at an average price of 148.27. On 4/18/2024, soon after the S&P 500 fell below its 50 day SMA, we sold all of our shares at an average price of $157.32. We are happy with our 6% one month return.Why did we purchase GOOG?Why did we sell GOOG?
- Nearly 5% of their market cap in extra cash. More than double of META's 2.4%.
- Trailing P/E is around 25. Lower than the average of the S&P 500 and even META.
- Forward P/E expected to be around 21. Lower than META's expected P/E of 25.
- Very few short positions. Not many people are willing to bet against GOOG.
- We are unhappy with the overall trend of the stock market. The S&P 500 is below its 50 day SMA.
Warning: Investing in the stock market is dangerous. You can and will lose money. We are not giving advice. We are simply documenting our strategy. Please consult a professional before making any investment decisions. You may click here for a full disclosure document. Thank you.
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