September 2015 Portfolio Update

Well, it’s been a boring couple of weeks for me in the market. I’m not really getting a lot of volatility in my positions lately, so this update shouldn’t take long.

I bought into 8point3 Energy Partners (NASDAQ: CAFD) last week. Those of you who come and check out my portfolio will already have seen that. In any case, it’s only a few cents from where I bought in at $13.58. I have an order in to snag some more at $12.20. The dividend yield might keep it from getting there, but who knows. I might up that price target if I’m feeling antsy. The yield where I bought it is about 6.2%. I’m not really a dividend investor, but dividends are nice, and the hope is that others will recognize this as a stable dividend company and jump in, raising the price for me.

Chesapeake Energy (NYSE: CHK) is doing better than it was. You’ll remember that I lowered my buy target from $6.25 to $5.75 because I was afraid. Yes, out of fear. Well, the $6.25 target WOULD have gotten filled, as the stock hit a low of $6.01 on August 25th. The price is currently $8.61, so if this uptrend continues, I’ll be kicking myself, and perhaps learn a lesson on fear. My cost average on the stock is $13.61.

My other positions haven’t really done much of anything since my last update a few weeks ago.

I’m still waiting for PayPal Holdings Inc (NASDAQ: PYPL) to come down to my price target of $32.25 for an initial buy. Those of you who read my article about it know why I’m interested, and this recent news about them getting into funding for online gaming sites is pretty good news too.

As far as what I’m looking at for the future, well, that’s complicated. While the majority of my trading account is in good old cash, I don’t really have the funds to buy more companies (except for PayPal, which I’ve accounted for), and keep my powder dry to buy more if/as they go down. I believe over the next several months the market will tank some more, giving me the opportunity to own more of the companies I own now, at better prices. Of course I could be wrong and Wall St. might not cooperate, but basically I’ve picked my horses; I just want/need the market to stumble.

Having said that, I’m adding money to my trading account when I can, and it’s always good to keep an eye out for great companies. Here’s some I’m looking at. Which one would you like to see a write-up of? Email me.

Proto Labs, Inc, (NYSE: PRLB)
Fitbit Inc. (NYSE: FIT)
GoPro, Inc. (NASDAQ: GPRO)
Ambarella, Inc. (NASDAQ: AMBA)

As always, feel free to look at my portfolio and see how I’m doing. And please READ MY DISCLAIMER. Make your own decisions, do your own research, and never rely on any single source for information. I am not a financial professional; do not rely on me as such.
Thank you,
Michael, the Stock Picking Bartender

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