WEEK 16 SUMMARY

Hi guys!

Week closed on a positive 2.42%, we recover something after the fourth rebound from our low of March 8th. Meanwhile the nasdaq closed the week with a slight loss of -0.25%. The next few weeks will be crucial for our portfolio. I hope to move away from these lows and back towards our ATH, currently 19% off.

In the weekly TOP 3:

1. NIO: + 13.83%

2. NIU: + 10.72%

3. BNGO: + 8.83%

I am happy to see two of my main positions enter the TOP 3, they are still far from their ATH and this is why our portfolio has also suffered. NIO will present its results on Thursday 29 April. He has already discounted the news of the chip shortage, if they were to confirm the shortage without a big impact on production it shouldn't affect the price much. I expect a good revenue above expectations, while the EPS of -0.19 in my opinion will not be easy to beat. Let's see how the market will react, the next few months depend a lot on these results.

In FLOP 3 we find:

1. COIN: -14.74%

2. GWM: -10.61%

3. TRVN: -6.99%

Coinbase continues to underperform, volumes in recent days have been very low also in relation to the trend of cryptocurrencies. In reality, there is this equivocal belief that if cryptocurrencies are fine, coinbase will also. It is a platform linked to the trading of crypto, the more transactions people make and the more they earn through commissions. I would like to focus on these points but this is not the purpose of the post. I'm just saying that the more volatile the crypto market is, so the more transactions there are, the more they earn, so in these days they will certainly have made excellent profits. However, we wait to read their financial statements to get a more in-depth idea.

GWM after presenting its quarterly reported a loss of 12% recovering it in part on Friday. There was a news in the Chinese media that warned of a shortage of chips and therefore a suspension of the production of some plants for the months of May and June. Today the company denied the news.

TRVN continues to suffer for no real reason, the next quarter will be good. Let's wait.

I am surprised not to see TTCF after the "bad" news that hit the company. In fact, Mr. Market reacted so overreacted to this news that it allowed us to add an additional position at $ 16.8. At this point my buy position is complete (obviously if it drops to $ 8 I will definitely buy), while I intend to sell the 3 highest positions around $ 25 and therefore remain with 2 positions. Great future, great company, even here I am very confident.

Next week will be the last of April. Hoping for a week like this or better, I wish you a good day!