My top 10-ish positions in no particular order: UVIC, GLW, MSFT, MGDDY, MHR-D, DRAGF. In: MGDDY - price rise. Out: PMGLF - price drop
New positions: BAC, JOY
Positions increased: MAUXF, CYOU, NOK
Positions reduced: MHR-C, ARY
Positions eliminated: SNDK, IDCC
Flip-flop:
Sold more fixed income (MHR-C, ARY) as prices continue to climb above par. I can't say I am good fixed income investor, so I did not find any good alternatives for these now.
Sold SNDK on the runup after results. It may or may not be a good investment longer term, but I am not confident enough to bet either way. They have positive trend of increasing SSD use, however, they are in a very competitive field and I am concerned that this will be similar to HDD sector before recent consolidation. Companies may periodically flood the market with SSDs and flash resulting in poor sales and margins. High-margin periods might be short lived as consumers would be reluctant to pay much in sectors that experience continuous price drops.
I sold IDCC on the court decision runup. Similarly to SNDK, I am not sure IDCC is a good long term investment, since their future depends on court decisions and patent-war pricing.
I added to MAUXF during stock pullback and to CYOU & NOK on stock drops.
I decided to dip in my toes back into BAC (pun intended). Small exploratory position.
I bought a small position in JOY assuming that the cycle will turn sometime again and the price paid might be reasonable. |
