I always buy into strength and sell into weakness. I like listening to the market and following its momentum. I know I’m not smarter than the market so don’t try to predict it in the short-term. Price action was getting really bad on tech names I had. $SMH down -10% and $IGV down -5% this week alone. If you’ve been following me for the past few weeks, I’ve constantly being saying to be patient in this market and size only small. We need yields to materially come down first!! That is exactly why I had raised over 50% cash in my portfolio! Yes, I’ve always been red these past few days but not as much due to proper risk management.

$VRT is up 17% premarket. And it's STILL 36% off its highs. Q3 numbers: • Revenue: $4.31B (+61% YoY) • Organic orders: +100% YoY • Adj EPS: $2.21 (+78% YoY) • Adj operating margin: 25.2% Then they raised full year guidance across every key metric. CEO: "We are in the middle of the largest infrastructure buildout and it's accelerating." Still a buy?

The next 36 hours: • Fed decision today • $MSFT and $GOOGL after the close • $AMZN, $INTC and $COIN tomorrow And the S&P is sitting 1.5% from its all time high going into all of it. Which one moves your portfolio the most?

$GOOGL might be the most underrated chip company in the world. OpenAI reportedly wants to buy Google's AI chips. Think about that. Their biggest AI rival could become a TPU customer. Last quarter: • Revenue: $119.8B (+24% YoY) • Cloud revenue: $24.8B (+82% YoY) • Cloud operating income: $8.8B (up from $2.8B) And the stock is still 21% off its highs. Q3 earnings after the close today. Opportunity?

Something is NOT adding up. WSJ: the US has told Gulf states to prepare for a short, intense campaign against Iran after the midterms. Yet: • S&P 500: 1.5% from its all time high • VIX: 17.5 • $SMH: up almost 6% in 2 days Either the market knows this ends fast, or nobody is pricing it in. Which one?

$HOOD just dropped 7.6% after hours on a record quarter. • Revenue $1.42B (+12%), a record • Options revenue +31% • Equities revenue +41% • Gold subscribers 5.2M (+34%) • Crypto revenue -55% The market isn't selling the quarter. It's selling the crypto hole and slower deposits ($15.7B vs $20.4B a year ago). Record revenue and the stock still dumps. Buying this dip or waiting for crypto to come back?

KOSPI JUST HALTED BECAUSE IT'S UP TOO MUCH... ARE WE BACK??

SK Hynix just said its DRAM and HBM output is fully committed through 2029. Not this year. Through 2029. They're also returning $75B to shareholders this year. A few weeks ago chips had their longest losing streak since 2006 and everyone was calling the AI top. $SMH is up almost 6% in two days. If memory is sold out for 3 years, who's actually right here?

Seems like the continuation of the war is inevitable at this point.

$SKHY INVESTORS REALISING WHAT THIS MEANS

SO AI ISN’T A BUBBLE… ARE WE BACK??

Describe your portfolio this month using only an emoji. I'll go first: 🫠

$GOOGL has Q3 earnings tomorrow after the close. -22% from its highs going in. In Q2 they reported: • Revenue $119.8B (+24% YoY) • Google Cloud $24.8B (+82%) • Cloud operating income $8.8B, up from $2.8B • Search +17% • Free cash flow negative $5.9B Cloud is growing faster than almost anyone in big tech. The market just doesn't love what they're spending to get there. Cheapest way to own AI demand right now, or a capex trap?

Nobody: Aussie investors at 12:30am: "just watching the open real quick" 4am: reading the annual report of a company I'd never heard of at midnight Who else is doing this to themselves?

AI STOCKS ARE GOING TO THE MOON TODAY! What happened?

The Fed starts its meeting today with CPI at 3.7%, Brent at $115 and the 10 year sitting near 5%. Markets are pricing almost no chance of a hike tomorrow. What do you think will happen?

I spent a lot of hours this weekend writing this one, and I think it's the most useful thing I've put out so far. A month ago I started selling. By the time semis $SMH dropped 6% in a single day, I was sitting in about 70% cash. Here is a quick little glimpse on what I talk about: • Why I raised cash before the AI selloff • Cutting losers early (without giving up on your thesis) • Buy strength, sell weakness • Why patience is a position • Respecting the macro, even when you hate it • The silver lining most people are missing This is article #2 of my weekly series. Every weekend I go deep on the research and write one up. Next one drops Monday, so let me know if you have any suggestions.

The day my mum asks me about the Anthropic IPO is the day I go 100% cash. Has yours asked yet...