The Blue Harbinger Portfolio Holdings have been updated to reflect two new sell trades this week. This is a very brief note on the trades.
As you can see in our current portfolio holdings, we sold our positions in Nvidia (NVDA) and Cloudflare (NET). These two stocks were sold based mainly on valuation, and because it seems the pandemic trade is continuing to unwind. NET and NVDA have performed INCREDIBLY WELL and their valuation multiples are very high (for example, P/S ratios are 73.6x and 31.5x, respectively). These are great companies, but the valuations are very high, and as the fed keeps raising rates to battle inflation, pandemic/growth stocks will face continued selling pressure.
You can view all of our current portfolio holdings here.