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Actually, my logic is flawed here. I'm not gaining 15% if the spinoff doesn't hold up. So perhaps the correct move is to hold them both until combined they amount to a 15% total gain... because selling ESEA at 3% above my purchase price really only nets me 3%, if I don't ever sell EHLD at a profit....
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ESEA is making a huge comeback! With the 12% EHLD spinoff my $45 entry is now a $40 (adjusted) entry so, I'm up 12% and am about to sell it for $46 and change, when I can get my 15%.... any day now! (not counting the EHLD position though, which is still down by about 35%)
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Meantime there are interesting developments going on in the tech sector, with AI growth exploding all over the place... I am fully expecting BBAI to come roaring back with a triple-digit return by EOY. Any day now!
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By the way, a US-based company that makes the chips for the QBTS quantum computer is SKYT, which I also own some shares in. If the US gets serious about moving chip production back home, then SKYT should do very well.
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Great finds, BW! I have owned QBTS and its competitor QUBT for 4 months now, and am up about 166% on QBTS (QUBT has not gone anywhere... yet). I picked them up at the same time I bought into BBAI, another AI play. For the ideal AI system, you will need a quantum computer, and there are just a few...
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