What a great April for the Community!
Though it was probably the hardest month to navigate in the past 6-9 months
Hey Folks - a quick note this evening as we turn the page on the calendar to a fresh month in May. Hope you’re all doing well.
I’m honestly glad April is over. Even though April was fortunately a very positive month for our positioning, the biggest gains literally came in the last 6-7 trading sessions. That’s how the market works sometimes. Big changes/progress can come at breakneck speed when it’s least expected.
Between the back and forth headlines that seemed to never end and only cause confusion, it was rather difficult to get any type of visibility on the macro landscape.
A quick recap of what’s happened in April - throughout the month, I’ve sent out 20 Pre-Market Notes to our WhatsApp group. I went back to reflect on the items discussed. Roughly 5-6 out of the 20 notes had actionable ideas (e.g. where I include numerical targets on stocks discussed). 15 of my notes discussed were context driven.
As usual, members know that if I don’t have an actionable idea, I simply talk about context.
There will not be an opportunity every day; there may not even be an opportunity every week.
But when there IS an opportunity, I take it and I convey it as clearly as I can.
On all swing intermediate-term ideas discussed on WhatsApp, I took meaningful positions.
Early April
At the beginning of the month, we swiftly got into Apple in the 180 region for a target of 195-200 on swing timeframes.
We looked at Oracle from mid 130s to get to at least 145 (target reached today, 2 weeks later).
Mid-Month
We guided on New Oriental (EDU) at 43 early last week, and at one point, it had touched 50. An 18% return.
Secondary: We also liked FUTU at 85 for 10% upside. FUTU reached 95 last week.
We said “Meta should be worth at least 565-575” when it still traded 530-535. Members know that when I use such language, it means I really believe in the target. Shares are doing well after hours due to earnings.
Late in the Month (this week)
I emphasized about T-Mobile (TMUS) twice after its post earnings dip. Once at 235 as an opportunity. A second time at 238-239 that it wasn’t too late. Shares traded as high as 247 today, even when the S&P 500 was down 2.5% in the morning. The relative strength on this one has been very helpful.
Today, while the market was selling off, we discussed that ARM and Micron could have “Considerable and Meaningful” upside. Sure, the downside on these names can be volatile, but the upside is large. Since our post from just this morning, both stocks are up 5%+.
These 6 ideas alone made my entire month. I took size on every one of them. We have to get used to be hyper selective about setups.
As always, I share ideas as part of sharing my thought process. Please - No one should blindly follow exactly what I’m doing. I am simply sharing my personal journal and thought process in my WhatsApp notes.
On an admin note, I have an exciting announcement within the coming 45-60 days.
More details later once ready.
Have a great start to the month in May!
-Larry