HOLD AMZN
0 shares at $251.06 on 2026-04-17
Reasoning
AMZN thesis #178: position at 1.05 shares (~$261 value, 8.8% of portfolio). Consumer discretionary strength (+6.8% over 5 days) and oil-cost tailwind support thesis. Playbook requests $50 add toward 10% portfolio cap (Rule 29). Post-trade exposure would be $261 + $50 = $311 / $2,953 = 10.5%, which exceeds 10% hard cap. Rule 29 requires capping at exactly 10%, which would allow only ~$24 additional deployment—below minimum viable order size. Deferring AMZN add pending (a) Day 2 confirmation, (b) capital reallocation from other sources, or (c) portfolio appreciation that increases absolute 10% threshold. Hold existing position.