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Non-Tech : Kirk's Market Thoughts
COHR 185.12+4.0%3:59 PM EST
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To: Kirk © who wrote (23339)2/17/2025 10:04:58 PM
From: w0z1 Recommendation

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longz

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Kirk I first bought a little POET in Feb 2021 when the symbol was POETF (the symbol for Canadian shares on Nasdaq which were later went through a 10:1 reverse split) before eventually listing on NASDAQ as POET. The bulk of my shares were bought in late 2023 and 2024. In early 2024 POET dipped below $0.80 and I made some major purchases, selling every other common stock I held plus cashing in some highly appreciated crypto to finance those purchases. Last fall I began a program to sell all of my then long term holdings of POET common using those funds to buy LEAPs (mostly 2026 and some 2027). My current POET common holdings are all short term but a substantial amount will go long term in ~2 weeks. My plan is to use those funds to buy more LEAPs (which I view as still being very reasonably priced). I'm only hoping that the common price remains around $5 for another 2 weeks. I actually may sell ~10% before then which have a cost basis around $3. The number and amount are not so large that it would be a huge short term gain but I feel very nervous about an announcement any time that could catapult the price. My cost basis on on all common currently held is below $2 which is why I want to hold out for long term gains (which will begin around March 1 and continue through 2025). After March (and later) I may also consider converting more of my crypto unless POET goes ballistic.

If you look at the 13F data, you'll see some of the funds are very heavily net weighted in calls (representing >4.6M shares), which I suspect are mostly LEAPs. And BTW I'm sure you know that Renaissance Technology has a fabulous record (~40% annualized gains over 35 years!) so I feel I'm in good company,
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