Last week, I have done the following trades:
- Sold HUT. HUT is a Canadian bitcoin miner. I sold it not because I'm bearish on bitcoin but my exposure to crypto has exceeded my risk limit. So I took the chance to rebalance my portfolio.
- Bot WISH. WISH is a popular e-commerce company with high growth. But it has a big problem which they spend too much on marketing. The next earing report is on August 12. Hopefully, they will cut marketing expenses.
- Bot SU. SU is the biggest integrated energy company in Canada. I bot it because the economic data has been strong for the past few months and demand for energy has been going up. The company has a strong balance sheet and free cash flow. The recent pullback is a good opportunity for me to gain some exposure to the energy sector.
What trades have you done last week? Let's share it!
Submitted August 08, 2021 at 11:04AM by ironhawkresearch https://ift.tt/3jv3GbQ
