Captain_Cook10000x

🔹S&J Portfolio Update 3/29/26🔹 Total: $1.87M 1. $AMPX 2. $IBRX 3. $LPTH 4. $PL 5. $OSS 6. $BE $. $TE 🔹Key Takeaways🔹 🔹 Down ~$160k wow 🩸 🔹 Deployed way too much cash ~$425k 🔹 I hate this market I am going to do this differently, more of a blog post and won’t go line item by line item on the portfolio but I’ll give my market and strategic POV. 🔹Personal: New Job🔹 Last year I noticed that Cap X spend among big tech had exploded. This was my signal to get back into investing and shift my portfolio fully into AI. It’s a big part of why I had a massive year. At the same time I also started working to pivot my career into the space as it was clear that this was the opportunity of my lifetime professionally. Nine months later, I am officially pivoting from Financial Services Ad sales to Financial Services AI sales. Same company, new org, much more opportunity and runway. This is all to say, the math in my life and where I get the most value for my time is shifting. My career opportunity is now asymmetric given where I work, the moment, and the customer set I have. Keep this in mind as I talk through how I am personally viewing the market. 🔹Market: This is not a Bull Market🔹 My whole style of investing revolves around my ability to: 1. Read the broader macro environment 2. Figure out where I have a statistically stacked chance of generating outsized returns 3. Allocate aggressive concentrated bets in those sectors Right now I just don’t see it. I’ve said before that I took over control of my account in May last year because I saw the AI moment happening and felt the market was essentially tilted in my favor. Thus the incremental time spent doing this would significantly reward me. Currently I am not sure all the hands on work is worth the return. We are swimming in mud. When markets turn, it’s indiscriminate. Perfect example of this is $SHLD … it’s totally illogical for a defense ETF to be down over the last week. But the market doesn’t care. Not getting into the politics of it, but I believe this war is going to be extremely disruptive to the markets. I don’t think it’s been fully baked yet. I don’t see how it’s a V shaped recovery given the structural disruption to energy markets. Even if the war ended today, the oil situation is a mess that will take several quarters to put back on the tracks. If anyone wants to go check my track record over the last 8 weeks of predicting all this I can spare you the time, I’ve been right every step of the way. That said, I do believe in “Time in the market” vs “timing the market”, so as you can see I am just under 90% invested. But I don’t believe I personally will be able to significantly outperform the mean right now, particularly as a high beta stock investor. I am going to be scaling back how much time I spend monitoring and trying to pull fancy maneuvers. I will still be opportunistic and add on the way down, but the ROI isn’t going to be great for a while. I would really ask yourself to think about how much time you spend here right now given the environment we are heading into.

Dilution Alert: $VELO (MC: $249M) - Filed S-3 shelf for up to $500M in future offerings (common, preferred, debt, warrants, units), including ATM sales. - Aggregate outstanding warrants for 36,892 shares at avg $4,154.74/share, expiring Sep 29, 2026. - Public warrants (16,429 shares @ $6,037.50/share) and Private Placement warrants (8,477 shares @ $6,037.50/share), expiring Sep 29, 2026. Public warrants are conditionally redeemable.

$TE Transparent update here since I’ve promised as much. My $TE position has been substantially reduced this week You know I’ve cut my active port down to take some cash off the table and bank it into ETFs. I had to make some hard choices and refer to my frameworks where to cut and reduce risk. I still love the narrative and the opportunity is as big as it’s been, if not accelerating. However every company in my portfolio has now reported earnings except $TE and $OSS, they have all been flawless and increased my conviction. I could not justify cutting evenly across the board given the details we are waiting on from the company and still waiting for the report. It does not mean I am not bullish, it means I am protecting my capital and keeping promises to myself around how I evaluate companies. I am still holding because I do believe earnings could be amazing and rocket the comment forward, but it doesn’t make sense to have this as a larger position when I have such a concentrated portfolio. I have to be incredibly risk averse to avoid blow ups. I will be honest in saying I have some emotional attachment to this company, and I’ve connected with them directly, which makes this more difficult. As I have, I am OK missing some big wins to avoid the land mines. I don’t believe this is a land mine but I need to listen to my logic brain which is telling me to “wait and see” Look forward to adding back heavier after earnings 🔹

$MSFT is down ~50% from the highs and sitting at its most oversold level in over a decade on the monthly… …and people are still preaching caution like we’re at all-time highs. Bruh. Some of you don’t hate losing money… you just hate buying low and selling high.

What does my ballsack taste like? $TE higher ☀️