Chameleon Investor

Independent Investor and small business entrepreneur. Mostly high upside small caps, but value plays as well. Do your own due diligence.
Not financial advice.

[Chameleon Investor @InvestChameleon]

As we settle into earnings season, I decided to post something new to pin to my profile. I want to be transparent about my successes and failures, so this will stay here for awhile so people can see just how I am doing.

Here are all of my current holdings with my average cost, listed alphabetically by ticker-

$CVS-Bought at $46.12*
$DLO- Bought at $13.49
$FOUR- Bought at $67.43
$GOOGL- Bought at $97.46
$GRBK- Bought at $19.85
$HIMS- Bought at $8.07
$META- Bought at $156.25
$OUST- Bought at $4.81
$PYPL- Bought at $68.49*
$PGY- Bought at $12.15
$REAX- Bought at $4.35
$ROOT- Bought at $93.16
$SMWB- Bought at $7.07
$UPS- Bought at $89.05*
$VITL- Bought at $11.58

These are weighted average prices. *indicates positions I do not own in my portfolio, but companies I have bought in managed accounts in addition to the others listed.

[Chameleon Investor @InvestChameleon]

I sold $META today. I was up 300% and feel like it won't be making a run like it has since I bought it. Great company, great future, but I think there are better opportunities. The CapEx spending is just getting crazier and crazier, and I would rather take my capital out of it to put to work elsewhere where I am more confident.

All of that CapEx long term may be the right move, but the next couple of years that will put a lot of pressure on EPS. Love the company still, I just don't see a crazy amount of movement in the next few years.

[Chameleon Investor @InvestChameleon]

$RDDT is getting more intriguing

[Sam Badawi @Sam_Badawi]

$RDDT Director dumps $7.5M into her position.

That’s some serious conviction. Bottom, anyone?

[Chameleon Investor @InvestChameleon]

@Nasiraltaf91 I wonder if there's a world where $TSLA and $UBER partner on it.

[Chameleon Investor @InvestChameleon]

What stocks are you considering buying given the recent sell off? $RDDT is one I have started to look into. $ZETA is another. $SYM I still have not quite gotten myself to pull the trigger on ever since my deep dive on it.

$PGY and $REAX I added to this morning.

What's caught your eye?

[Chameleon Investor @InvestChameleon]

@Nasiraltaf91 I agree in seeing them as benefiting from AV more than anything. It’s a ton to invest in, but the user base they have sure gives them a head start in that budding market

[Chameleon Investor @InvestChameleon]

@dickiedosh1 After today my average cost on $REAX is down to $3.77

Honestly if it keeps going I would add more again.

[Chameleon Investor @InvestChameleon]

@Rendezvous2332 Agreed. I think there is still major work to be done, but the long term vision is one I believe in

[Chameleon Investor @InvestChameleon]

@dickiedosh1 $LMND might be bound to being volatile. Not a bad thing for people that can stomach that.

$REAX I bought a bunch this morning. Not a nibble for me haha

[Chameleon Investor @InvestChameleon]

@Nasiraltaf91 Haven't considered $UBER. Anything specific compelling about it to you?

[Chameleon Investor @InvestChameleon]

U.S. Home sales also reported a horrible January. That is a driving reason for the sell off as well. IMO, that is pretty short sighted though.

[Chameleon Investor @InvestChameleon]

$REAX is dropping once again. Today alone it is down to $2.59, -10%.

They named Ken Pozek to the board yesterday. The main thing highlighted in that release was his place as a voice for Real Estate Agents on the board. I believe the market is less concerned about the voice of the agents as they are the shareholders. It's important to keep the voice of agents though because of the nature of the company. If you cannot keep your agents happy, they will leave, and then you have no business.

There is a danger of favoring agents too much though. And I think that is where there is concern from sellers. Agents already have very attractive financial incentives with Real. Maybe there is a concern that they will go even deeper there and delay material profitability even longer.

The company needs to show legitimate value for shareholders on the next earnings report. They don't need to show what they are doing for agents if it is not to the benefit of the shareholder. We need to see the company go on offense for ancillary services. I think Pozek is a wonderful person to add to the board. He has a ton of success in the industry beyond just his own brokerage. However, I think it might have been more compelling to shareholders to add someone who can really bring expertise in driving the mortgage business, or the title business, or even someone to build out a new ancillary service of inspection services.

Ultimately, agent growth is king long term. They still have that. I just hope to see a change in how aggressive they are at improving on the categories that are going to drive profitability long term.

Down to a $585M market cap. Less than .3 P/S. I will be buying more today. I still see the value in this and think it has all the potential in the world. I trust the management team. Ken Pozek on the board is a big plus. Let's get aggressive on ancillary services and turn this into the one stop shop for the home buying experience in North America.

[Chameleon Investor @InvestChameleon]

@Nasiraltaf91 Today yes, getting killed.

[Chameleon Investor @InvestChameleon]

Top holdings heading into the new year

$HIMS
$GOOGL
$OUST
$PGY
$REAX

Followed by
$ROOT
$DLO

[Chameleon Investor @InvestChameleon]

I am also adding to $PGY today.

Long term horizon, I LOVE what I see. Dont miss the forrest for the trees.

[Chameleon Investor @InvestChameleon]

@Nasiraltaf91 No significant news has come out. Price action should not dictate conviction

[Chameleon Investor @InvestChameleon]

$FIG has fallen off a cliff since the IPO hype.

Does AI threaten to make Figma obsolete? Or is there value here?

[Chameleon Investor @InvestChameleon]

$PGY earnings notes worth reading.

[הגורו - GURU @daardos]

https://t.co/eHOqxFlGa0

[Chameleon Investor @InvestChameleon]

$HIMS sentiment could not be lower, but it was never and will never be about any one treatment. It's a platform.

If you believe that, all this chaos is worth holding through. If not, you get out. Simple as that.

[Dustin @DustinHuntwn]

$HIMS App downloads are surging post superbowl ad. jumped to #5 most downloaded on the App Store. It was #22 yesterday. This is huge.

[Chameleon Investor @InvestChameleon]

$PGY dropped a ton which is always tough to see.

Long term though, the business is still exactly on track. Maybe even ahead of pace. Challenging market right now.

[Chameleon Investor @InvestChameleon]

@weary_centurion I couldn't find that specifically. But I did not think it was that high.