Trimming 2 Disappointments, Eyeing 4 Buys
Here’s our trading plan for Friday and updates on key holdings.
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The $10,000 Portfolio intends to use this morning’s little pop to further shave its holdings in both Velo3D (VELO) and Alto Ingredients (ALTO) as both of those names have been disappointments.
We’ll also continue to add to Planet Labs (PL) at these prices after having missed the sale at higher prices last week.
I would also like to add to Ondas Inc. (ONDS), Rocket Lab (RKLB) and SoFi Technologies (SOFI), but those thoughts are definitely price sensitive.
Friday’s Intentions
– Sell 25 shares of ALTO at or close to the last sale of $4.04.
– Sell 15 shares of VELO at or close to the last sale of $10.81.
– Purchase 25 shares of ONDS at or a limit price of $7.20 or better.
– Purchase 10 shares of PL at a limit price of $16.80 or better.
– Purchase 2 shares of RKLB at a limit price of $61 or better.
– Purchase 10 shares of SOFI at a limit price of $17.10 or better.
Thursday’s Intentions vs. Actual Trades
– Purchase 10 shares of SOFI at or close to the last sale of $17.06
– Bought 10 shares of SOFI at $17.20
– Purchase 10 shares of PL at or close to the last sale of $16.80
– Bought 10 shares of PL at $17.48
– Purchase 25 shares of ONDS at or close to the last sale of $7.12
– Nothing Done
Portfolio News
Evolv Technology
Evolv Technology (EVLV) announced Thursday that management will meet with analysts from Craig-Hallum at an event in Milwaukee on Monday, September 14.
Rocket Lab
Portfolio holding Rocket Lab launched its sixteenth Electron rocket of the year with a dedicated mission for a confidential customer. Known as the “Happily Ever Faster” mission, the launch took place at Rocket Lab Launch Complex 1 in New Zealand at 3:28 p.m. NZST on September 11. It was successful in deploying a single observation satellite to a 500km circular low Earth orbit. Rocket Lab’s next Electron launch is scheduled to take place from Launch Complex 1 for another commercial constellation operator before the end of the month.
In addition, on Friday morning, analyst Brian Gesuale of Raymond James initiated coverage of RKLB with a “outperform” rating (buy-equivalent) and an $80 target price. Gesuale is rated at five stars out of five by TipRanks. He has compiled a 63% success rate over the past two years while generating an average return of 23.7%.
Current Positions
Long 100 shares of ALTO at $4.5125. Target Price: $6.50. Last sale: $4.04.
Long 60 shares of ASPN at $5.1083. Target Price: $10. Last sale: $4.81.
Long 100 shares of EVLV at $5.7883. Target Price: $8.50. Last sale: $5.03.
Long 100 shares of OCUL at $8.3545. Target Price: $11. Last sale: $10.75.
Short one OCUL $11 Sep 18th call at $1.65, Last sale: $0.35.
Long 225 shares of ONDS at $8.2091. Target Price: $12. Last sale: $7.25.
Long 80 shares of PL at $21.3871. Target Price: $33. Last sale: $16.62.
Long 35 shares of PTON at $5.1236. Target Price: $9. Last sale: $5.04.
Long 5 shares of RKLB at $77.936. Target Price $97. Last sale: $62.24.
Long 110 shares of SOFI at $15.9737. Target Price: $24. Last sale: $17.30.
Short one SOFI $22 Nov 19th call at $1.20, Last sale: $0.49.
Long 50 shares of SWBI at $14.0414. Target Price: $19. Last sale: $13.35.
Long 85 shares of VELO at $12.0971. Target Price: $18. Last sale: $10.81.
Cash: $563.36.
Portfolio Value: $9,697.79, -3.0% from inception on March 24.
At the time of publication, Guilfoyle was long ALTO, ASPN, EVLV, OCUL, ONDS, PL, PTON, RKLB, SOFI, SWBI, VELO equity. Short OCUL, SOFI calls.
