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No. of Recommendations: 1
I bought a bit of GLBE on today's down day. Still too expensive, but either it races up or I am able to accumulate over time. Like UPST, I like these due to the (somewhat) lower mkt cap compared to other top growth names.

I also surprised myself by buying small amount of SNAP.
It ran hard from last Fall after being basically flat for 3 years.
Always wondered if it would be a Facebook replacement, but Snap still refers to itself as a "camera company".

However, SNAP, via their own metrics, declares that 75% of 13-30 year olds (GenZ and Millennials) use their product. This is a case where the david lynch method of investing in what you know or can see works against me. My gamer kids dont seem to care about Snap, so I wondered if their generation really was using it.

They had 65%+ growth in April ER, so that is strong.
They are consumer-facing, and the largest mkt caps in tech are all consumer-facing (Microsoft is both consumer and corp).

AR is a hot topic, and I was on NVDA bandwagon back in 2015/2016 because of VR and self-driving cars, so I get this topic. The key here is a ton of advertising (think: monetization) relationships SNAP has now set up, and they are making original content too (Ryan Reynolds, etc...)

I think, like all stocks right now it seems, that they are overpriced. However, a few different services and/or fintwit folks I follow seem to like SNAP right now, so I am rolling with SNAP, UPST, and GLBE in case:

1. market just keeps charging upwards, valuations be damned, and heads to a blowoff top.
2. the allocations are low enough that if market collapses I can buy more and accumulate without breaking a sweat. (Cash is near 60% still)

I should note that after selling small portion of SPG, I finally have some cash in my taxable account. When you see me buy something in that account, it usually signals my highest confidence, as I want to ideally hold that for a 12-month period for long-term cap gains. So I tend to trade more with nontaxable/401k account.

Anyway - I am continuing to try and scrape up a few more nickels and maybe even a quarter or two here and there, to add to the cash hoard. Let's see what the Summer bring!

Final thought: VYGVF - will ride until I think crypto is about to collapse again. I would think Voyager should spike if the kids all think it is safe to buy crypto and never get real jobs again. The challenge with Voyager is I think their users trade more of the alt coins, which are harder hit (my sense of it) than BTC or ETH or LINK. Either way, VYGVF is on a short leash, meant to net me a small gain to add to cash pile.


Doom
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