By Jeffrey Cohen: Investment Advisor & President, US Advanced Computing Infrastructure, Inc.
$LWLG Lightwave Logic
Our short position (CQNS DOWN #1 pick) continues to rise. This is the most inefficient stock among the negative net income crowd. In fact, after a little DD, it has no revenue and likely will dilute their equity further to fund 2023 operations.
This stock has expensive PUT premiums that are not moving very much vs. the change in stock price. We will either short the common stock (if shares are available), or buy puts if the premiums fall.
Our long position has been singing Nickelback's Rockstar. We identified a three-stock portfolio for a client over the weekend (significantly more efficient than the SPY, which came in at #190). This group of stock has shot higher right out of the gate. From Monday morning, these three stocks rose with the market.
LWLG: Open 9.27, now 10.71
$SI (Silvergate Capital), $SITM (SiTime), and $UPST (Upstart Holdings, Inc.).
(This week's CQNS Long portfolio is oddly diversified in high-tech and innovative companies. One makes semiconductor timing systems (clocks on a chip), one funds bitcoin investments, and one is an AI-based lending platform.
SI: Open $150.00, now $160.52
SITM Open $253.97, now $266.00
UPST: Open $104.30, now $120.17
SPY: Open 452.06, now 461.55
Good luck to all.
Summary: The CQNS UP model has been an exceptional performer while this market has been rising. It is picking stock portfolios that are efficient, and have risen far in excess of the S&P 500. Two weeks ago we picked a portfolio of winners (for the first 2 weeks of trading), and this week looks no different.
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