Vijay

2025 was as down year for the portfolio. Some small wins. A couple of large loses. Hopefully 2026 is better.

@jiggycapital Congratulations.

Stopped out of $ORCL at 193.3. All out.

$ORCL. Got some at 191. Trailing stop loss set at 185. (Intraday low)

Added $NTSK at 18.20

$NTSK is below IPO price at $18.77. Same industry as ZS.

@Biohazard3737 Green

@801010athlete Looking forward to the charts. Can you also do one with a video with your thought process ? I would be very helpful. Have a good evening.

Lots of charts to share over the weekend but I’m tired, have a good night

Booked profits in $AMD.

$AMD. Got some at 242. Stop loss at 234. Prior day lows.

@801010athlete $CIEN

If there’s a chart 📈 you want marked up share ticker in comments. I’m chilling rest of day and could use the chart work. 👇🏻👇🏻👇🏻Opened comments to anyone.

@stonksamiam VICR ?

One of my babies is poised to deliver The challenge of bringing this fab with its unique patented processes online is now behind us with yields and cycle times at world-class levels. While fab utilization remains low, as reflected in low product margins due to under-absorption, we expect that performance levels achieved by fifth-generation chip, second-generation VPD will soon bring about substantial capacity utilization.

$SOC. The Trump put is active. Sec. Wright’s tweet on Friday is the first official confirmation that the feds are supporting Sable. The chances of a Trump tweet has gone up a lot. They could approve the OST plans and give generous financial support, just to poke the Dems. With all the calls that expired in Oct, the shorts have to buy upside calls now to protect their short position.

$SOC. The Flores family has about 12 million shares. Do they have a plan B?

@FriendlyCapMgmt Thanks for the post. I had many thoughts like this.

I am out of $SOC, save for a few left over call options which are immaterial at this point. I have lost twice the $ amount on Sable than I had lost on my prior biggest equity position loss. It is especially painful cause at the end of May it would have been my biggest winner ever but I failed to sell It will take some time to derive all learnings from this but from the top of my head the most obvious ones: - No position at cost bigger than 5% ever again - Never again will I buy a battle ground stock with a high short interest for more than 2% of NAV. It is not worth it. Shorts are almost always smarter. - Never again will I buy a stock for more than 1% of NAV that requires one, or god forbid several, legal cases / regulatory approvals to go it's way for the investment to work. I thought I had learned this with $SAVE, but I guess it needed to first really hurt for me to take away this lesson. - Never again will I buy an investment cause "common sense" implies that people will ultimately see "reason" and enable it. Greens/wokies/liberal judges are insane beyond my wildest expectations, making it impossible to have "common sense" as a thesis. - Never again will I continue to hold a stock in which I find myself trying to justify the thesis drift to myself. Thesis drift -> out. - Never again will I buy a stock with as many enemies as an oil stock in California. And never again will I buy an oil stock in California. - Never again will I continue to hold a stock if I catch top management misleading investors or treating certain investors in a preferred manner (In the case of Sable tons of missed deadlines, production restart 8k + equity raise, "OSFM approval imminent", dual track strategy when the pipeline is dead, @PhilMickelson likely having been told about "plan B" way ahead of normal shareholders such as myself). I sense that Mgmt has been dishonest for a long time and I wonder why I accepted this for the entire time. That's also why I feel like I have to sell now: I cannot for the life of me rely on anything they say, whether it is the economics or the timeline of plan B. - Never again will I buy a stock/continue to hold a stock in which I find myself having to go to certain Substack chat groups or chat up the same people on X over and over again multiple times a day in order to find out wtf is going on, especially not when the information exchanged therein ends up mostly, but consistently, proven wrong by reality - Never again will I continue to hold a stock that literally causes me several sleepless nights during the holding period. This was obviously primarily result of the wrong position size. - Never again will I continue to hold a stock my wife is literally telling me to sell cause she's worried about how sick it has been making me - Never again will I buy a stock in which the "margin of safety" is a threat of a 100bn takings claim - And next time I own a stock in which bulls throw homophobic slurs at bears on X, I will at least think twice about why bulls may feel triggered to do sth like that... maybe such behaviour is caused by the pressure & insecurity that stems from a poor investment? I am sure there will be many more lessons, but this is what comes to mind in this moment. Thank you to @Lipsman, @HFI_Research and @dkcrypto13 for the many conversations and the help you have been trying to give me in this nightmare of an investment. I appreciate you. Addendum: Isn't it odd that one judge's decision creates this insane loss, triggers this post and these new rules, and literally none of this would have occurred if he had actually ruled the other way (the "right" way, if you ask me?). Addendum 2: I know how these things go, when I sell the stock goes up, so if you are still in it, good for you I guess.

$SOC. Booked losses in the stock. Still have a few out of money calls. Good luck to all.

@ESGhound $SOC needs capital. But 1.3 billion is almost their market capital after hours. How can they raise that much without too much dilution. Need to get some loans with onerous terms.

$SOC needs capital, now. Likely 1.3+ bln worth. That's 200 million/yr in coupon payments if debt and more than current market capitalization if equity. All with no concrete plan or timeline in place. Ugly

lmao love a good CEO on tilt. Anyways he was telling institutional investors all through August and September that OSFM was gonna approve startup for $SOC any day now

$SOC. New 8K. Also the company should raise capital at some point, the sooner the better. The attorney bills are going to be big. d18rn0p25nwr6d.cloudfront.net/CIK-0001831481…

@Mr_Neutral_Man The additional cost in $SOC is wasting the last one year trying to decipher CA court rulings, missed opportunity costs for other investments and of course being a bag holder for the last few months.

One thing that I should talk about more is the "mid tail" dynamic of investing in REITs Over 3 yrs, I'm pretty sure the low leverage REITs will do X to Y% IRR Take $SOC for example. If it worked, it could have been a multibagger, but it looks like there is real impairment. I respect many of the SOC investors. Sometimes, stuff just happens. But how do you impair a portfolio of 105,000 apt units spread over dozens of cities? This mid tail trait of REITs is not appreciated enough. On a risk-adjusted basis, I think there are a ton of REITs offering some of the best risk-adjusted returns.

@ChartingU $SOC has to raise at some point. Else the debt covenants will come into play.

$SOC lest any remaining bulls think today's ruling was some sort of definitive clearing event and feel the bottom is in sooner than later, don't lose sight of the $1.5B mixed shelf offering from earlier this year of which the majority remains outstanding and, IMHO, is 100% in play now. Again, GLTA