Arm Holdings (ARM): Profit-Taking

Arm Holdings (ARM) has been both incredibly volatile in its less than three months since returning to public markets, pulling back more than -17% from where it initially became available to the public before rocketing nearly +61% from its October lows just a little more than two months ago.

So, despite ARM being a relatively-new, relatively-small position in my portfolio, I positively had to capitalize on the near-parabolic move using a stop-limit order which filled on Wednesday, selling 1/3 of my position at $73.83, locking in +46.37% in gains on shares I bought for $50.44 on October 13.

The sale lowered my per-share cost -24.20% from $49.75 to $37.71. From here, I will actually remove all remaining investment capital from this position if it makes a try for the even-number psychological resistance at $100.00 with my next sell target at $99.92,  and I will actually buy above my cost basis if it tests the lows it last saw at the end of October with my next buy target at $47.29.

ARM closed the week at $75.15, up +1.79% from where I took profits Wednesday.

Brookfield (BN): Profit-Taking

Alternative asset-manager Brookfield (BN) has only been a position in my Investments in Play for about two months, and it’s already proven to be an incredibly volatile position, rallying more than 40% in less than two months off of its October lows.

Accordingly, I took more profits on Wednesday with a sell order that sold 12.50% of my position at $40.60, locking in +34.30% in gains on some of the shares I bought for $30.23 on October 2. The sale lowered my per-share cost -4.13% from $31.50 to $30.20.

From here, my next sell target is $44.00, slightly under a high Brookfield last saw in August 2022, and my next buy target is $29.07, a bit above the lows Brookfield saw just a little more than two months ago.

BN closed the week at $40.12, down -1.18% from where I took profits Wednesday.

JPMorgan (JPM): Profit-Taking

JPMorgan (JPM) and the rest of the financial sector continued rallying this week, demonstrating pretty epic strength. Given that JPM shares an allocation in my Financial Basket and is dramatically overweight comparative to its compatriots, I decided it was finally time to remove all of my remaining investment capital from the venerable JPMorgan on Wednesday, selling 11.84% of my position at $168.68.

The sale locked in +64.89% in gains on some of the shares I bought for $102.30 when I initially opened this position on October 26, 2017. As I mentioned, the sale removed the last of my capital, lowering my per-share cost -$21.30 from $10.15 to -$11.15 (a negative per-share cost indicates all capital has been removed in addition to $11.15 per share added to the portfolio’s bottom line in addition to each share’s current value).

I will take even more profits out of JPM relatively soon as it is rapidly approaching its all-time high of $172.96. My next sell target is $173.12, just slightly higher than the all-time high as I think the momentum seen in the space could cause a bit of a blow-off top before JPM retreats.

Despite JPM’s demonstrated strength, I will remain steadfast in my buying target down near its 2022 lows of $101.28 with my next target at $101.89. Of course, with all of the capital removed, my investing discipline will only allow me to put profits back into this position as I will never turn a winner into a loser by putting investment capital back in once it has been fully removed.

JPM closed the week at $170.10, up +0.84% from where I took profits Wednesday.

Roblox (RBLX): Profit-Taking

Roblox (RBLX) really popped on Tuesday, triggering my next sell order which sold 6.67% of my position at $46.25, locking in +47.53% in gains on shares I bought for $31.35 back on August 9. Roblox would make a truly incredible trading vehicle if one was so inclined as it regularly sells off to the mid-20s and then rallies to the mid-40s, however, since I’m a long-term investor, I simply add when it sells off and take profits when it rallies.

The sale lowered my per-share cost -0.58% from $42.75 to $42.50. From here, my next sell target is $50.30, just under the next point of resistance that Roblox saw back in 2022, and my next buy target is $26.50, a bit higher than the low it saw in September.

RBLX closed the week at $45.72, down -1.15% from where I took profits Tuesday.