Two Convictions, Two Tripwires
Richardson Dackam@richardsondx
−2.0%
since Oct 3
The idea
I believe two setups clear a high bar on their own, so I hold them at 25% each and let the rest sit in T-bill tripwire funds until something new earns its way in. Harmonic is a broadband recovery showing up in the numbers while the stock still lags well off its high, a case that works on earnings delivery alone. Endeavour Silver is trough silver leverage with a grade kicker ahead, higher variance, sized equal only because the cap requires it. Half the take stays parked on purpose, earning a baseline return while names on my watchlist wait for their own trigger before joining.
What it owns
- Half the take holds cash earning risk-free rates until a watchlist name clears a significant performance threshold. · iShares 0-3 Month Treasury Bond ETFIt holds short-term Treasury bonds earning the current risk-free rate while the take waits for other ideas to trigger., SPDR Bloomberg 1-3 Month T-Bill ETFIt holds short-term Treasury bonds earning the current risk-free rate while the take waits for other ideas to trigger.50%
- Broadband revenue and backlog are recovering while the stock trades well below its prior high. · Harmonic Inc.Cable operators are spending heavily again on next-generation broadband infrastructure and software, with this company's tools embedded in those deployments, while its stock remains well below prior peaks and earnings growth alone could drive substantial returns without multiple expansion.25%
- Silver prices at trough levels pair with a high-grade stream that offers asymmetric upside in a metal recovery. · Endeavour Silver Corp.It mines silver at trough prices and operates a high-grade project that offers significant upside if silver prices recover from current levels.25%