Stock 1: PLS.ASX
Alright, so this was week 04. In this week the annual report came out for Pilbara Minerals and it was quite an impressive outcome. The material cycle is at the bottom, sales prices are down down down, but still this company makes millions of cash! The stock price got a little corrected, but all good here. I am pretty sure my turnaround bet is a winner here.
Stock 2: PLTR
Slowly, slowly the price is going into the right direction, just as I expected. I thought about it a lot, and I can only come to the conclusion that this run AFTER my bets was quite obvious until just before next week the very bad report will come out. Numbers will finally be numbers and Idiots who paid more than 150$ for this stock will finally look like real idiots. I expect a big drop, but who knows. Markets don’t work as expected a lot of times.
Stock 3: TSLA
Unfortunately, I had to let this one go. It was too risky after it went higher again on Monday to keep the bet online. I bought the shares back at around 322$ which was a stop that I have just set out of the blue. I cashed in about 81€ (~100$), a profit that is way too low for the risk I took. But whatever, profit is profit. Of course the price went lower now again to 300$, but I don’t have enough margin to make another bet this time.
Numbers
So here are the numbers of week 04.
The profit is now back down at +29% (including Tesla). That’s quite a hit in the stomach compared to last week. But since I don’t trade with any stop loss or trailing loss while away from the action, it’s still an OK status. The profit that is taken in the end is of importance. I might change the limit of Palantir to around 100$ to take a profit, because that stock is full of freaks and you can never know if it’s run down to 100$ and then back up to 130$ within a day.