Nov 24, 2021

Cory Diary : US Market Update - Capital Preservation

The Market seems shaky recently. What I notice is that PLTR results was fantastic but sold down like -30%. Another stock is SE which is around -22% at time of typing from ATH. The recently listed RIVN hits high of 172 and now trading around -29% within 2 weeks. All of them are not profitable in term of EPS. Unfortunately I am stuck in PLTR. Ouch.

From the Chart of MSFT, there is a recent steeper climb which is quite obvious in 1 year time frame since End of Sept'21.  Keep having this in mind on potential pull back though time frame is hard to determine. The climb of the stock has been slow appreciation, so my take is the portfolio will not lose much if it keeps climbing at that pace short term.

Meta Platforms PE is not expensive. However Metaverse is a few years project. We can monitor and see how the connect world progress. It is an interesting frontier but for short term we need not be tied to it at current market sentiment especially with possible tapering by Fed.

On another front, I noticed Netlink BNB Tr which I have is up 0.01 despite just Ex-dividend recently. This counter usually a place for fund to hide and the appreciation is really slow if any. For it to maintain and increase after Ex-dividend means something. In addition, many of the strong local reits seems in flat mode despite cheap valuation. Another data point to add.

Finally, I am quite Bull on Tesla and maybe some on AMD. Just averaged up again on Tesla and this kind of depleted the war fund. Therefore, decided to sell Meta Platforms and Microsoft. Hold PLTR ( temp) , TSLA and AMD. Do note some profit was taken off the table on AMD earlier. In this way, initiated Capital Preservation while ensuring able to ride well with TSLA or even average up as needed.

ah ! I can Sleep Well now.



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