Last week, I’d noted that I’d want to scale into $GOOG below $490 and into $SNDK below $90. We’re here. I’m following my playbook.
I’m scaling into a 1/6th size tranche position in GOOG common stock.
I’m scaling into a 1/5th size tranche position in SNDK common stock today too.
We’ve owned both of these stocks for several years now and are up big from our original purchase prices. We’d also trimmed both higher, so I step into a buy flow while the markets are ebbing (we trimmed SNDK near $105 or so back in June last year, and we trimmed GOOG back in April last year in the $570s).
This will be my last Google purchase for a while, as I now have what I’d consider a large position in the stock and don’t want to commit any more capital to it for now. While I do think it could take a while for Google to get back into favor, I am looking out into 2020 with Android remaining the dominant smartphone and becoming the dominant wearables platform as the primary driver for Google’s growth in the next five years.