Arm Holdings (ARM): Added to Position

Arm Holdings (ARM) broke through its all-time low on Friday, crashing through my next buy target which added 5.62% to my allocation filling at $47.60. The buy lowered my per-share cost -3.36% from $55.00 to $53.15.

From here, my next buy target is $44.90, slightly below the psychological support provided by $45.00 and my next sell target is $68.90, slightly below ARM’s current all-time high set shortly after it came public.

ARM closed the week at $47.87, up +0.57% from where I added Friday.

Morgan Stanley (MS): Added to Position x 2

Morgan Stanley (MS) rallied a bit off its low on Monday, and since I’ve been wanting to add to this all year and haven’t taken the opportunity, I decided to wait for it to pull back and made a buy which filled at $78.68, adding 9.05% to my allocation. The buy locked in -16.07% discount replacing shares I sold for $93.75 last year back on December 13, 2022 and raised my per-share cost +5.56% from $63.71 to $67.25. 

Since Morgan Stanley would report earnings on Wednesday – a binary event where it would either be good or bad – I wanted to take advantage of the discount prices. Of course, when MS disappointed, that meant it was time to add even more with a second buy that added 8.56% to my allocation at $75.11, giving me a $76.90 average buy price.

The second buy locked in a -17.72% discount replacing shares I sold for $91.29 on November 15, 2022 and raised my per-share cost an additional +2.23% from $67.25 up to $68.75. From here, my next buy target is $67.81, above a key point of support Morgan Stanley saw in the past, and my next sell target is $94.79, under a past point of resistance.

MS closed the week at $73.13, down -4.90% from my $76.90 average buy.