Good morning all, Yesterday was a very nice day. Going against the trend of major indexes we finished 1.06% ahead helped by closure of yet another nice swing trade on $HUBS (HubSpot)
I am a huge fan of this company and it is one of my favourite stocks for swing trading. As an aggressive growth stock it contracts rapidly when growth stocks are being hit but consistently bounces high on the back of positive news or positive market sentiment. Yesterday’s trade was a great example of this in action.
When markets started to decline hard last week I took the opportunity to open a number of positions on HUBSPOT at around the 630 mark. Just over one week later (last night) we see the share price bounce over 800 triggering our take profit target.
The price jump yesterday was caused by an announcement from the Hubspot team regarding the release of a new payment processing facility to be made available within their CRM technology.
For reference here is the specific news:
www.pymnts.com/digital-payments/2021/hubspot-debuts-hubspot-payments-for-connected-buyer-experience/
Over the past few months whilst we haven’t registered huge gains on the portfolio we have been able to convert a lot of running profits into cash and reinvest in many positions at low levels. The major indexes are down significantly from recent highs but our annualized gains have been largely unaffected (Approx 30% ROI thus far in Y2021). Over the coming months/year compound interest should do it’s thing.
W: bravecapital.site
LI: www.linkedin.com/company/bravecapital/