The Investing Diaries - Feb 2, 2021

After some brief freaking out by the market and the Gamestop (GME) squeeze, we are somewhat back to “normal”. I say that in quotes because nothing is normal at this point with more stimulus talks, vaccine delays, message board squeezes, and SPACs bringing everything under the sun public. We shall continue to press on though.

A couple of days ago I sold a few positions and took profit on them as the craziness of the markets pushed them ever higher. These included Virgin Galactic (SPCE), Turtle Beach (HEAR), and ViacomCBS (VIAC). I have nothing against any of these (on the contrary I like them), but decided to take profits because I have seen some places where potential value is mor advantageous for my long-term holdings.

What are these potential additions?

Well for one, I believe that Abbvie (ABBV) is currently undervalued and sitting at a great dividend yield for a long term position. Another addition will be to my Graphite International (EAF) holdings, a vertically integrated company that should continue to see valuation increases as the world comes back to normal. Finally a third place that I am looking is to continue to add to my Alibaba (BABA) holdings, a company that I believe continues to get hit unfairly and is sitting at a solid price currently.

Until next time, Happy Investing!