I Apologize For The Poor Performance (And Trade Alert: Cloud Stocks)

I’m sorry that my stocks have picks have been so bad lately. I haven’t been able to find many, if any, good Revolutionary investments lately. We’ve been living through a crash in tech stocks that rivals what we saw after the dot com bubble popped. While I’ve been extremely defensive and cautious for a long time that is no excuse for having picked any names that tanked after we bought them. How often did I write last year that:

“While it feels incredibly crowded to be an investor who’s trying to find the most Revolutionary stocks and cryptocurrencies, well, I was doing this long before it was mainstream.”

Or in Stocks, Cryptos, Electric Vehicles All Say The Same Thing:

“I especially remain bearish on most recent de-SPAC’d stocks and/or the recent highflying tech IPOs, most all of which have continued to get slammed during the last couple weeks of gyrating market action. Like with dozens of electric vehicle (EV)-related stocks that I describe below, there are hundreds of publicly-traded stocks that are headed down another 90% in coming weeks and months. So remain vigilant about what you buy and keep some cash to build up the good stocks.

Tesla’s valuation is 4/5 of a trillion dollars. I wouldn’t want to load up on a fresh new long Tesla position right now but frankly, I’d rather do that than start buying most any of these companies mentioned in the below Marketwatch article that are not named Tesla. Maybe Rivian, Lucid, Nio, Xpeng and Buffett-backed BYD might make it. But most of the others, including the old Detroit and European gas car makers are in trouble in coming years as the field is clearly way too crowded. Most EV companies will, of course, go bankrupt before they make it ten years.

Stay focused and don’t let yourself just churn around and buy new positions to keep yourself entertained.”

And while I have pounded the table so hard for my Trading With Cody subscribers to buy bitcoin in 2013, I’ve been warning endlessly for the last year that:

“there will be a lot of pain for even the best cryptos as this process plays out and I’m generally cautious on crypto for the near/mid-term because of this risk along with the fact that the crypto market feels quite crowded too.”

I even gave you detailed short SPAC ideas like Clover which is indeed down 90%:

“Betting against CLOV while holding onto our MP might turn out to be a good paired hedge. At any rate, let’s stick with doing our own homework, our own due diligence and making safe, measured and sometimes hedged bets.”

My point is that I am sorry about the Trading With Cody performance even as I know I did a lot to try to help people avoid this crash. I’m doing my best and I’ll keep doing my best but I’ll try to make my best even better.

Now all that said, since I launched Trading With Cody, all I’ve ever promised to try to keep you up to date with my analysis and with most of the moves I make in the portfolio. So on that note, I’ll tell you that today I’ve started building a small basket of (rain/thunder/crashed) Cloud Revolution stocks. I’ve nibbled a little bit of:

SNOW, MDB, OKTA (and I already mentioned TWLO, I nibbled some of of that one Friday). Am keeping these all small and will slowly but surely add to the ones that deliver on fundamentals going forward. I don’t expect I’ve nailed the bottom here on these names, but I want to start building some positions in this now-suddenly-finally-hated sector.

Onward.