Alphabet / Google (GOOGL): Profit-Taking

Alphabet (GOOGL) broke through some upside resistance on Wednesday, and with behemoth Nvidia (NVDA) reporting earnings after the bell, I decided it would be prudent to take some profits with a sell order which filled at $132.20, locking in +40.85% in gains on shares I bought for $93.86 on October 27, 2022.

The sale lowered my per-share cost -13.27% from $94.55 to $82.00. From here, my next sell target is $150.60, slightly under GOOGL’s all-time high of $151.55, and my next buy target is $92.40, a bit above a key point of support Alphabet saw in its selloff in October 2022.

GOOGL closed the week at $129.88, down -1.75% from where I took profits Wednesday.

Apple (AAPL): Dividend Reinvestment

Apple (AAPL) paid out its quarterly dividend last Friday evening which, after reinvesting, raised my per-share “cost” +0.13% from -$77.58 to -$77.48 (a negative per-share cost indicates all capital has been removed in addition to $77.48 per share added to the portfolio’s bottom line in addition to each share’s current value).

Despite Apple being a core holding (pun intended), it remains the second largest in the portfolio so I am patiently waiting a bigger pullback before adding back to the position with my next buy target now $145.39. My next sell target is $220.08, higher than Apple’s all-time high but within the price targets most analysts have on the stock.

Nvidia (NVDA): Profit-Taking

Nvidia (NVDA) reported yet another blowout quarter on Wednesday, and despite my reluctance to make moves in after-hours trading, I decided I had to take the opportunity to take more profits with a sale that filled at $510.01.

The sale locked in +3,154.69% in gains on shares I bought for $15.67 when I opened the position on September 6, 2016 and lowered my per-share “cost” -$54.35 from -$204.95 to -$259.30 (a negative per-share cost indicates all capital has been removed in addition to $259.30 per share added to the portfolio’s bottom line in addition to each share’s current value).

Since Nvidia continues to skyrocket, it remains overweight in the portfolio and is the largest position. Accordingly, my next sell target is $599.95, below the psychological resistance of $600, and my next buy target is $330.90, right in the middle of a potential gap fill that Nvidia created after its last report.

NVDA closed the week at $460.18, down -9.77% from where I took profits Wednesday.