The Heretic Speculator March Month-end Newsletter
A mixed month to be sure. While broad equity markets rallied nicely, many stocks are still hopelessly stuck near 52 week lows.
March went by ridiculously fast for me. Probably because I spent about a week and a half away from “the grind” while vacationing with the fam. Speaking of the grind, even though I was relatively unplugged for 10 days, I was still able to crank out 23 posts in 31 days – and that’s not counting this end of the month wrap up. Of those 23 posts, 7 were for paid members only.
1 of those paid posts was actually originally planned to be a deeper-dive Founder tier report. I ultimately decided to put that tier on hiatus for two reasons. Reason one and full transparency, the general lack of interest created what I believe to be a negative return on the time and energy invested in the production of the reports. Reason number two is a little more positive and I’ll be able to go into more detail in the weeks ahead. Hint; I need that time and energy for something else!
Readership stats-wise, the subscriber base grew by 9.6% over February. That’s a little slower than the growth from January to February but growth is growth. I’m just happy many you seem to be enjoying the work. I was incredibly surprised by the engagement with Rediscover Boredom. I really do enjoy conversing with those of you who comment, so don’t be afraid to keep weighing in on stuff!
Market-wise, it’s hard to believe we’re already through the first quarter of 2022. According to Mike Novogratz, US wealth fell by $6 trillion in the quarter and it was all in the bond and equity markets.
I think many of us probably can feel that despite the nice close to the month in the stock market, last two days aside. There are many equities that I’ve talked about year to date that haven’t done particularly well and I’ll get into that momentarily. The saving grace for my personal portfolio has been being overweight cryptocurrency.
Core Crypto Holdings – March Performance
Bitcoin (BTC) +5.4%
Ethereum (ETH) +12.3%
Zcash (ZEC) +50.2%
Polygon (MATIC) FLAT
Solana (SOL) +23.3%
Litecoin (LTC) +8.8%
Avalanche (AVAX) +15.0%
And within cryptocurrency, being overweight Zcash has been a heck of a play. Have a month, ZEC! Polygon was literally flat down to the tenth of a penny. The crypto market has a sense of humor.
Seeking Alpha Pieces
Just like in February, I published five pieces on Seeking Alpha in the month of March. I went considerably crypto-heavy on SA this month with four offerings focused on the digital asset space and just one traditional equity.
STONKS Perfromance
These are all of the stocks that I’ve mentioned that I’ve taken positions in since the beginning of the year, to the best of my memory. The percentage shown is the performance since the mention:
Costco (COST) +20.5%
Sturm, Ruger, and Company (RGR) +2.9%
Chicken Soup for the Soul Entertainment (CSSE) -25.7%
Cantor/Rumble SPAC (CFVI) -1.2%
Roku (ROKU) 2/5 -21.1%
Roku (ROKU) 2/19 +11.4%
fuboTV (FUBO) -10.9%
Noodles and Company (NDLS) +3.3%
Why can’t they all just be like Costco? Stupid STONKS. CSSE has been a total dog but the company released earnings this evening and the stock is now up near $10 after hours – which would almost entirely erase that 25% loss. We’ll see if there is carryover to close out the week tomorrow. We actually did get a really nice rally in broad equities immediately following the Fed’s rate hike in the middle of the month. Many in the financial space were dumbfounded by that move. We weren’t though! I detailed my rational and why I believed stocks would rally on the hike in what essentially amounted to a three part series centered around Fed Minutes.
Trade Ideas
I added one trade idea on the month and that idea is up 11.1% since the call. That’s good for 340 basis points over the S&P. The idea is still on at the moment.
Keep reading with a 7-day free trial
Subscribe to Heretic Speculator to keep reading this post and get 7 days of free access to the full post archives.