Dec. 16 at 7:17 PM
$ATLX Today we’ve utilised our cash position + rotated profits, selling some overbought
$SQM and aggressively dip buying oversold ATLX.
Call it insane and ludicrous but as of right now… 34.5% of the portfolio is ATLX.
It wouldn’t be moronic to think this is incredibly risky… because it IS. A very tight stop loss has been set.
Something to note is that we ape into positions like this very infrequently, I wouldn’t be doing this if I didn’t have a level of extreme conviction.
50 day MA sits above
$5, a 25% increase from here. To me, it’d be reasonable to trim some weighting at that level, and then reduce our risk by rotating it into some lower volatility long term deep value like
$LYB or
$WIZEY.
