Aug. 13 at 10:15 PM
$IDR it's a good sort of uncomfortable for the overweight cornerstone of my portfolio to have doubled in 6 weeks, exceeding my 1/26 price target of
$18-20/sh by 30%. I sold my swing position at
$17-21, and am now reduced to my core long term position. Russell 2000 small cap index ETFs have only just started buying into the sparse 12.9m share float. Even with pullbacks, I expect a solidly rising floor as ETFs continue to rebalance per their prospectuses.
Portfolio composition after doubling
$LUMN equity and exiting lower conviction small positions:
IDR 28%
LUMN 17% (plus 2% of portfolio adding 75% additional share exposure through LEAPS expiring 1/26 at
$1.5,
$4, and
$7 strike and 1/27 at
$7 strike-up 12% in sum)
$ADUR 11%
$ENVX 7%
IREN 5% (+ 2% of portfolio adding +63% additional exposure through 3/26
$7 strike LEAPS-up 231%)
$BLGO 5%
ADPT, SDRC, CYBHF total 7%
Cash 16% - 8% reserved for pending private placement, 4% tax bill, 4% opportunistic swing trades, which
$ENVX is approaching.
