These are positions that I previously held but have since sold out of, I’ve also included why I sold out of them.
Matterport: Company was acquired and I didn’t want to hold the new company stock so i cashed out for a profit close to my target take profit. Win Win.
Palantir: The valuation is a little rich for me at this level and no longer fits my investment criteria. I still love the company and expect it to do well but to justify the current price, growth will need to expand even more for a long time. So basically at this point I’ve captured the ”meat” of the move and I’m happy to take my gains and rotate into another investment vehicle that hasn’t yet made it’s large move.
Robinhood: I still have a small position in this one but I’m mostly out. I have some concerns with their credit offering but again, this is a company that has given me plenty of return already. I do expect them to do well into the crypto cycle peak but there’s a bit too much risk for me. Since I sold out the stock did drop down 40% so, seems I made the right call. The stock has had a great bounce back since then…. So my call not to re enter wasn’t so great. 🤣 Currently holding less than 3% weighting on this. I think $30 is a reasonable target to fully exit my position so we shall keep an eye on what’s left.
Just a reminder this is my opinion not financial advice, please make sure to do your own research.
