Tomorrow I intend to make two trades. As I have mentioned recently, RDDT appears an excellent long term growth stock (with a personal forecast of $300 for H126) and a great candidate for a balanced portfolio. However with my rather adventurous goal of doubling my ‘Less than $10k to $1m’ challenge capital in fairly rapid succession (roughly every six to twelve months) I am not looking for a balanced portfolio in my challenge selection. Far from it. So…
Firstly I intend to sell the remaining challenge shares for Reddit (RDDT), which has made exceptionally strong gains recently after outstanding Q225 results. If I get at least $250 a share that will be a gain of about 66% in two months on these remaining shares and over 62% overall.
I then intend to reinvest the capital released into more shares of Intuitive Machines (LUNR) as I personally think LUNR offers far greater growth potential in the near future, albeit at arguably much higher downside risk. I am intending to increase my holdings in LUNR as in my opinion it has a notable chance of receiving a lucrative phase 2 award for NASA’s Lunar Terrain Vehicle contract in the next two to three months, and I expect the shares to rise up notably into this decision.
I am of this opinion given my perspective of their progress so far, the breadth and depth of partnerships for their proposal such as with Boeing and Northrop Grumman, as well as in-house complimentary infrastructure such as their intended Near Space Network lunar relay service and Nova-D lander. While the competition is strong I favour LUNR. I hope NASA does also.
And finally, you’re probably wondering what the exciting news is. Well this relates to my original ‘≈$10k to $1m’ challenge which is up over 1,100% in the last two years and four months (i.e. over three doubles so far). As many followers will know, my current investment is EnSilica (London: ENSI), a very promising, yet relatively small company that I hope to see double in value a number of times in the coming years. In fact I hope it takes my current challenge capital of $129,667.50 to over $1 million in the medium term.
In my opinion EnSilica is not widely known with international investors, so in an attempt to increase awareness of this hot ‘penny stock’ I am pleased to announce that I created a dedicated Reddit sub for investors and potential investors last week. Hopefully as the sub community grows over time it will provide a useful source of information and discussion for both British and international investors.
Good luck EnSilica, good luck Intuitive Machines, good luck all. May fortune favour the brave!
DB
