Stocks for the Long Term

[BlueWolf]

Now short activist Muddy Waters Research is piling on NNOX. Good thing I got out when I did. Hard to believe I actually made money on it, but it did look good on paper. I guess the old adage remains true: “When it sounds too good to be true ... .”

https://www.muddywatersresearch.com/...is-short-nnox/

[BlueWolf]

It was a light week again, although I did add a full position in QDEL. I’m still watching cautiously, although I am starting to see some signs of life in the market. I wish I had opened a position in one of my favorites, ZM, as it has taken off over the last two weeks, but, alas, I did not. It might be time to start getting a little more aggressive, though. We’ll see.

Current Ownership:
FLGT, IPOB, PI, QDEL

Tier 1 Interest:
AAPL, AMT, CRNC, CRSP, CRWD, DDOG, EDIT, EPAM, EXPI, FSLY, FVRR, HUBS, MDB, MDLA, NVDA, OKTA, RDFN, SHOP, TDOC, TEAM, TTD, TWLO, VEEV, WIX, ZEN, ZM, ZS

Tier 2 Interest: AAXN, ABMD, ADBE, AMZN, ANET, APPF, APPN, ASML, ATVI, BL, BRK/B, CGNX, COUP, CRM, CSGP, DOCU, EEFT, EQIX, ESTC, ETSY, EVBG, FB, FICO, FIVN, FRPT, GH, GLOB, HCAT, HQY, INSP, IPOB, ISRG, KNSL, LOB, MA, MASI, MELI, MGNI, MSFT, MTCH, NEE, NET, NOW, NTNX, NVCR, NVTA, OLED, PANW, PAYC, PYPL, QRVO, QTWO, RGEN, RH, ROKU, RVLV, SFIX, SIVB, SMAR, SPCE, SPLK, SQ, STAA, SWAV, SWKS, TREX, TTWO, V, VCYT, WD, WORK, ZUO

Tier 3 Interest: AVGO, AYX, BIDU, BIGC, BILI, BKNG, BOMN, BYND, BZUN, CLDR, DAVA, FLIR, FTCH, FTNT, GOOG, IDXX, IIPR, IPHI, IPOC, LITE, LMND, LRN, LVGO, LYV, MNST, MRNA, NICE, NNOX, NVAX, OLLI, PEGA, PING, PINS, PODD, PTON, REGN, SE, SGEN, SPOT, TSLA, WEX, XLNX, ZG, ZNGA

Bold - New stock on list

[BlueWolf]

I had a very busy week, and I ended up adding 11 new positions to my portfolio. I may end up regretting this, but it at least gave me some skin in the game in the event that the market decides to move up from here. Today’s (Friday’s) action was a little disappointing as mixed economic numbers bumped the market to the downside. I’m still 80% in cash and it will take more bullish signaling before I get anymore invested.

Current Ownership:
AAPL, AYX, COUP, DOCU, FLGT, IPOB, MDLA, NTNX, PI, QDEL, TWLO, WDAY, WORK, ZS, ZUO

Tier 1 Interest:
AMT, CRNC, CRSP, CRWD, DDOG, EDIT, EPAM, EXPI, FSLY, FVRR, HUBS, MDB, NVDA, OKTA, RDFN, SHOP, TDOC, TEAM, TTD, VEEV, WIX, ZEN, ZM

Tier 2 Interest: AAXN, ABMD, ADBE, AMZN, ANET, APPF, APPN, ASML, ATVI, BL, BRK/B, CGNX, CRM, CSGP, EEFT, EQIX, ESTC, ETSY, EVBG, FB, FICO, FIVN, FRPT, GH, GLOB, HCAT, HQY, INSP, IPOB, ISRG, KNSL, LOB, MA, MASI, MELI, MGNI, MSFT, MTCH, NEE, NET, NOW, NVCR, NVTA, OLED, PANW, PAYC, PYPL, QRVO, QTWO, RGEN, RH, ROKU, RVLV, SFIX, SIVB, SMAR, SNOW, SPCE, SPLK, SQ, STAA, SWAV, SWKS, TREX, TTWO, V, VCYT, WD

Tier 3 Interest: AVGO, BIDU, BIGC, BILI, BKNG, BOMN, BYND, BZUN, CLDR, DAVA, FLIR, FTCH, FTNT, GOOG, IDXX, IIPR, IPHI, IPOC, LITE, LMND, LVGO, LYV, MNST, MRNA, NICE, NNOX, NVAX, OLLI, PEGA, PING, PINS, PODD, PTON, REGN, SE, SGEN, SPOT, TSLA, WEX, XLNX, ZG, ZNGA

Bold - New stock on list

[BlueWolf]

Nano-X Imaging (NNOX) is back in the news again with a promise they will demonstrate their technology at Radiological Society of North America’s (RSNA) annual meeting. The street is very divided over this company. Muddy Waters and Citron have both called this company a complete fraud, while Cantor Fitzgerald has given it an overweight rating with a $70 price target. I was lucky enough to make a nice profit off this company in the earliest days of the IPO. I took a second position, but got out with a small loss after I read the Citron opinion. I’m not sure what to make of it at this point, but I will say this. If the technology they described in their prospectus and on their website is legitimate, this company is going to explode. The RSNA meeting starts on Nov 29 and runs through Dec 5. I will be watching carefully and might even make another run at it at some point. If it goes bad, I’d love to short it since both Citron and Muddy Waters are saying this stock will go to $0, but it has been on everybody’s hard-to-borrow list so that isn’t an option right now. We’ll just have to stay tuned.

[BlueWolf]

The indices headed up from their base, and I took advantage of this bullishness early in the week to add 10 new positions. I’m still 66% in cash, so I will continue to look for entries in my watchlist stocks as long as the indices show strength. Here are the stocks I own plus my watchlists:

Current Ownership:
AAPL, ANET, APPF(.5), AYX, COUP(.5), CRM, DOCU, EDIT, FLGT, IPOB(.5), MDLA, NCNO(.5), NTNX(.5), PI(<.5), QDEL, SHOP, SMAR(.5), SSTK(.5), TDOC, TWLO, WDAY(.5), WIX, WORK, ZS, ZUO

Tier 1 Interest:
AMT, APPN, CRNC, CRSP, CRWD, DDOG, EPAM, EXPI, FSLY, FVRR, HUBS, MDB, NVDA, OKTA, RDFN, TEAM, TTD, VEEV, ZEN, ZM

Tier 2 Interest: AAXN, ABMD, ADBE, AMZN, ASML, ATVI, BL, BRK/B, CGNX, CSGP, EEFT, TDOC, EQIX, ESTC, ETSY, EVBG, FB, FICO, FIVN, FRPT, GH, GLOB, HCAT, HQY, INSP, IPOB, ISRG, KNSL, LOB, MA, MASI, MELI, MGNI, MSFT, MTCH, NEE, NET, NOW, NVCR, NVTA, OLED, PANW, PAYC, PYPL, QRVO, QTWO, RGEN, RH, ROKU, RVLV, SFIX, SIVB, SNOW, SPCE, SPLK, SQ, STAA, SWAV, SWKS, TREX, TTWO, V, VCYT, WD

Tier 3 Interest: AVGO, BIDU, BIGC, BILI, BKNG, BOMN, BYND, BZUN, CLDR, DAVA, FLIR, FTCH, FTNT, GOOG, IDXX, IIPR, IPHI, IPOC, LITE, LMND, LVGO, LYV, MNST, MRNA, NICE, NNOX, NVAX, OLLI, PEGA, PING, PINS, PODD, PTON, REGN, SE, SGEN, SPOT, TSLA, WEX, XLNX, ZG, ZNGA

Bold - New stock on list
(.5) = Half Position
(2) = Double Position

[BlueWolf]

I added four new positions this week, but I have to admit that I am getting a little nervous. I can’t really put my finger on it, and it may just be intuition, which isn’t exactly a good indicator for trading. Still, there are some concrete indicators that warrant caution. I looked at a lot of scans this weekend, and I saw a lot of what I call “exhaustion patterns.” In the past, this has been a good indicator of an impending market reversal more often than not. Thursday’s market drop and tepid recovery is also a basis for caution. The market gapped down hard on Thursday and then bounced immediately. On Friday, however, the market started to roll over again, cutting into Thursday’s recovery and closing near the low of the day (LOD). In any event, I am looking at my current positions more as swing positions than long term holds, and I am prepared to sell them quickly if needed. I originally thought the market would make new highs after the shallow retrace, and it still might, but until the indices take out Thursday’s highs, I will remain uneasy about this. Here are my current positions and watchlists.

Current Ownership:
AAPL, ANET, APPF(.5), AYX, BIGC(.5), COUP(.5), CRM, DOCU, EDIT, FLGT, IPOB(.5), IPOC(.5), LMND(.5), MDLA, NCNO(.5), NTNX(.5), PI(<.5), QDEL, SDGR(.5), SHOP, SMAR(.5), SSTK(.5), TDOC, TWLO, WDAY(.5), WIX, WORK, ZS, ZUO

Tier 1 Interest:
APPN, CRNC, CRSP, CRWD, DDOG, EPAM, EXPI, FSLY, FVRR, HUBS, MDB, NVDA, OKTA, RDFN, TEAM, TTD, VEEV, ZEN, ZM

Tier 2 Interest: AAXN, ABMD, ADBE, AMT, AMZN, ASML, ATVI, BL, BRK/B, CGNX, CSGP, TDOC, EQIX, ESTC, ETSY, EVBG, FB, FICO, FIVN, FRPT, GH, GLOB, HCAT, HQY, INSP, IPOB, ISRG, KNSL, LOB, MA, MASI, MELI, MGNI, MSFT, MTCH, NEE, NET, NOW, NVCR, NVTA, OLED, PAYC, PYPL, QRVO, QTWO, RGEN, RH, ROKU, RVLV, SFIX, SIVB, SNOW, SPCE, SPLK, SQ, STAA, SWAV, SWKS, TREX, TTWO, V, VCYT, WD

Tier 3 Interest: AVGO, BIDU, BIGC, BILI, BKNG, BOMN, BYND, BZUN, CLDR, DAVA, EEFT, FLIR, FTCH, FTNT, GOOG, IDXX, IIPR, IPHI, LITE, LVGO, LYV, MNST, MRNA, NICE, NNOX, OLLI, PANW, PEGA, PING, PINS, PODD, PTON, SE, SGEN, SPOT, TSLA, XLNX, ZG, ZNGA

Bold - New stock on list or stock that has changed lists

[BlueWolf]

I didn’t like the look of the weakness in the market this week, and so I closed the majority of my positions and currently sit approximately 90% in cash. I’ll discuss the market more in my weekly sentiment post later this weekend.

Current Ownership:
AAPL, IPOC(.5), NCNO(.5), NTNX(.5), PI(<.5), QDEL, SSTK(.5), TDOC

Tier 1 Interest:
APPN, AYX, CRNC, CRSP, CRWD, DDOG, DOCU, EDIT, EPAM, EXPI, FLGT, FSLY, FVRR, HUBS, IPOB, MDB, MDLA, NVDA, OKTA, RDFN, SHOP, TEAM, TTD, TWLO, VEEV, ZEN, ZS, ZM

Tier 2 Interest: AAXN, ABMD, ADBE, AMT, AMZN, ANET, APPF, ASML, ATVI, BIGC, BL, BRK/B, CGNX, COUP, CRM, CSGP, TDOC, EQIX, ESTC, ETSY, EVBG, FB, FICO, FIVN, FRPT, GH, GLOB, HCAT, HQY, INSP, IPOB, ISRG, KNSL, LMND, LOB, MA, MASI, MELI, MGNI, MSFT, MTCH, NEE, NET, NOW, NVCR, NVTA, OLED, PAYC, PYPL, QRVO, QTWO, RGEN, RH, ROKU, RVLV, SFIX, SIVB, SMAR, SNOW, SPCE, SPLK, SQ, STAA, SWAV, SWKS, TREX, TTWO, V, VCYT, WD, WDAY, WIX, ZUO

Tier 3 Interest: AVGO, BIDU, BIGC, BILI, BKNG, BOMN, BYND, BZUN, CLDR, DAVA, EEFT, FLIR, FTCH, FTNT, GOOG, IDXX, IIPR, IPHI, LITE, LVGO, LYV, MNST, MRNA, NICE, NNOX, OLLI, PANW, PEGA, PING, PINS, PODD, PTON, SDGR, SE, SGEN, SPOT, TSLA, WORK, XLNX, ZG, ZNGA

Bold - New stock on list or stock that has changed lists

[BlueWolf]

With the market continuing its weakness, I sold off a few more stocks and now sit 94% in cash with just three open positions. I don’t like the market technicals and don’t plan to start buying in the near future. I want to see how this weakness plays out, especially with the election right around the corner.

Current Ownership:
AAPL, QDEL, TDOC

Tier 1 Interest:
APPN, AYX, CRNC, CRSP, CRWD, DDOG, DOCU, EDIT, EPAM, EXPI, FLGT, FSLY, FVRR, HUBS, IPOB, MDB, MDLA, NVDA, OKTA, RDFN, SHOP, TEAM, TTD, TWLO, VEEV, ZEN, ZS, ZM

Tier 2 Interest: AAXN, ABMD, ADBE, AMT, AMZN, ANET, APPF, ASML, ATVI, BIGC, BL, BRK/B, CGNX, COUP, CRM, CSGP, TDOC, EQIX, ESTC, ETSY, EVBG, FB, FICO, FIVN, FRPT, GH, GLOB, HCAT, HQY, INSP, IPOB, IPOC, ISRG, KNSL, LMND, LOB, MA, MASI, MELI, MGNI, MSFT, MTCH, NCNO, NEE, NET, NOW, NTNX, NVCR, NVTA, OLED, PAYC, PYPL, QRVO, QTWO, RGEN, RH, ROKU, RVLV, SFIX, SIVB, SMAR, SNOW, SPCE, SPLK, SQ, SSTK, STAA, SWAV, SWKS, TREX, TTWO, V, VCYT, WD, WDAY, WIX, ZUO

Tier 3 Interest: AVGO, BIDU, BIGC, BILI, BKNG, BOMN, BYND, BZUN, CLDR, DAVA, EEFT, FLIR, FTCH, FTNT, GOOG, IDXX, IIPR, IPHI, LITE, LVGO, LYV, MNST, MRNA, NICE, NNOX, OLLI, PANW, PEGA, PI, PING, PINS, PODD, PTON, SDGR, SE, SGEN, SPOT, TSLA, WORK, XLNX, ZG, ZNGA

Bold - New stock on list or stock that has changed lists

[BlueWolf]

I was expecting the market to continue down this week, and on Monday it looked like that would be true. Then the election came and went and the market headed back up before pausing on Friday. In any event, I decided to get some skin in the game and did quite a bit of buying this week. If the market takes out the prior pivot high from Oct 13, that will end up being a good decision. If not, I may have to treat these as swing trades and get out quickly. We’ll see. One note on my lists. In updating it this week, I noticed that I had omitted one position, CRSP, that was still open in one of my accounts so I added it although it is not a new position and is therefore not bolded.

Current Ownership:
AAPL, AYX, BIGC(.5), CRSP(.5), DDOG, DOCU, ESTC, EXPI, FLGT, FSLY, IPOB(.5), MDB, NTNX(.5), NVTA, OKTA, TDOC, WIX, ZM

Tier 1 Interest:
APPN, CRNC, CRWD, EDIT, EPAM, FVRR, HUBS , KNSL, MDLA, NVDA, QDEL, RDFN, SHOP, TEAM, TTD, TWLO, VEEV, ZEN, ZS

Tier 2 Interest: AAXN, ABMD, ADBE, AMT, AMZN, ANET, APPF, ASML, ATVI, BL, BRK/B, CGNX, COUP, CRM, CSGP, TDOC, EQIX, ETSY, EVBG, FB, FICO, FIVN, FRPT, GH, GLOB, HCAT, HQY, INSP, IPOB, IPOC, ISRG, LMND, LOB, MA, MASI, MELI, MGNI, MSFT, MTCH, NCNO, NEE, NET, NOW, NVCR, OLED, PAYC, PYPL, QRVO, QTWO, RGEN, RH, ROKU, RVLV, SFIX, SIVB, SMAR, SNOW, SPCE, SPLK, SQ, SSTK, STAA, SWAV, SWKS, TREX, TTWO, V, VCYT, WD, WDAY, ZUO

Tier 3 Interest: AVGO, BIDU, BIGC, BILI, BKNG, BOMN, BYND, BZUN, CLDR, DAVA, EEFT, FLIR, FTCH, FTNT, GOOG, IDXX, IIPR, IPHI, LITE, LVGO, LYV, MNST, MRNA, NICE, NNOX, OLLI, PANW, PEGA, PI, PING, PINS, PODD, PTON, SDGR, SE, SGEN, SPOT, TSLA, WORK, XLNX, ZG, ZNGA

Bold - New stock on list or stock that has changed lists

[BlueWolf]

In case you’re wondering, I went flat yesterday. Gonna regroup and try again later. It’s funny, but the NASDAQ took a beating yesterday, particularly e-commerce stocks while the Dow was up big on Corona virus news.

[jiesen]

Did you sell the QDEL before or after it dropped $80?

[BlueWolf]

Did you sell the QDEL before or after it dropped $80?

I sold QDEL way before it dropped. Now I’m thinking of swing trading it again. I still think it is a strong company with a solid future.

[jiesen]

I agree... and it's good that you got out before the drop!

[BlueWolf]

I agree... and it's good that you got out before the drop!

You get caught in a big drop sometimes. It’s unavoidable. That’s why I like to hold a variety of stocks and not just bet the farm on a handful of stocks. I’ve found that evens things out because for every stock that jumps down, you’re likely to find one that jumps up to offset it.

[BlueWolf]

I sold off all of 18 of my positions this week, and then dipped my toes lightly back into the water, adding back five positions that didn’t seem as perturbed by the market volatility. These are five stocks I think I can hold onto even if there is another dip as I have long term faith in all of them. I didn’t want to be too deep yet in case this volatility persisted, especially with the election still being contested in the courts and more news on the status of vaccines pending. Here’s where I stand.

Current Ownership:
AAPL, CRSP(.5), FLGT, FSLY, IPOB

Tier 1 Interest:
APPN, AYX, CRNC, CRWD, DDOG, DOCU, EDIT, EPAM, ESTC, EXPI, FVRR, HUBS, KNSL, LMND, MDB, MDLA, MGNI, NTNX, NVDA, NVTA, OKTA, QDEL, RDFN, SHOP, TDOC, TEAM, TTD, TWLO, VEEV, WIX, ZEN, ZM, ZS

Tier 2 Interest: AAXN, ABMD, ADBE, AMT, AMZN, ANET, APPF, ASML, ATVI, BIGC, BL, BRK/B, CGNX, COUP, CRM, CSGP, TDOC, EQIX, ETSY, EVBG, FB, FICO, FIVN, FRPT, GH, GLOB, HCAT, HQY, INSP, IPOB, IPOC, ISRG, LOB, MA, MASI, MELI, MSFT, MTCH, NCNO, NEE, NET, NOW, NVCR, OLED, PAYC, PYPL, QRVO, QTWO, RGEN, RH, ROKU, RVLV, SFIX, SIVB, SMAR, SNOW, SPCE, SPLK, SQ, SRG, SSTK, STAA, SWAV, SWKS, TREX, TTWO, V, VCYT, WD, WDAY, ZUO

Tier 3 Interest: AVGO, BIDU, BIGC, BILI, BKNG, BOMN, BYND, BZUN, CLDR, DAVA, EEFT, FLIR, FTCH, FTNT, GOOG, IDXX, IIPR, IPHI, LITE, LVGO, LYV, MNST, MRNA, NICE, NNOX, OLLI, PANW, PEGA, PI, PING, PINS, PODD, PTON, SDGR, SE, SGEN, SPOT, TSLA, WORK, XLNX, ZG, ZNGA

Bold - New stock on list or stock that has changed lists