Trimming 2 Disappointments, Eyeing 4 Buys
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.
