ChainTrek

$TER is my newest long position. CEO had a few words of caution here today “…and we think there’s going to be a brief period of digestion before they [their customers] get into next generation ramps and everything else.” For as long as I’ve been following the company they’ve always sandbagged guidance, if there is a decent slow down I think it could offer a really great future entry into a massive cyclical/secular winner. As we know, markets tend to under-react so I’m sure it’ll be very hard to find a decent entry on this name later in the year. /s

Nice earnings for our new position $VIAV Revenue: $299.1M vs. $275.3M est. +25.6% Y/Y EPS: $0.15 vs. $0.11 est. +150% Y/Y Great quote from the CEO on the synergy of Spirent: "VIAVI's first quarter financial performance has exceeded our expectations. Strong demand from the data center ecosystem and aerospace & defense customers was the primary driver behind our strong performance. We expect the strong momentum in these end markets to continue through the fiscal year. Additionally, the acquisition of highly complementary Spirent product lines from Keysight is expected to further strengthen our position in the data center ecosystem and significantly increase our business footprint in this high growth market segment."

Sometimes the market does you a favor… Last week, TER hit our bull case price target. Then it blew straight past it. Normally, if a stock hits the PT I’ve got for my rosiest expectations 12 months before I expect it to, I thank the investing gods for their fortune and GTFO. But I figured “well, the market is insane right now, just because it’s fairly valued doesn’t mean it can’t be overvalued!”. So, I only sold half. Luckily, today’s lackluster price action shook some sense into me and made me realize I was being a greedy idiot holding into earnings despite the stock having reached where I expected it to go in a best case scenario. Came to my senses and sold the rest before the print. Entered at $89 in July, doubled the position in February at $240, sold half of it at $400 last week and the rest at $380 today. Great trade, time to find the next one 🫡.