Trade 304

SELL GOOGL

0.306357248 shares at $352.52 on 2026-04-27

Reasoning

GOOGL position is 3.8% of portfolio, currently +4.8% gain at $352.57 vs $335.85 cost basis. Stock rallies into binary earnings event April 29 AMC with high market expectations (Cloud growth >48%). Per Rule 27, during binary event windows we cap new deployment but existing positions can be trimmed to reduce event risk. Trimming 35% locks in proportional gains while preserving 65% upside participation. Thesis #182 cited trim above $350; stock now at $352.57 meeting that threshold. This is a proportional risk-reduction trade, not a full exit. Medium confidence justified by proximity to documented target and binary event risk framework.

Thesis

GOOGL delivered a blowout Q1: revenue $109.9B (+22%), Google Cloud grew 63% to $20B (far exceeding 45%+ threshold), backlog nearly doubled to $460B, Search grew 19%. Operating income up 30%, margin expanded to 36.1%. Pichai noted they are "compute constrained" — Cloud revenue would have been higher with more capacity. Gemini Enterprise paid MAUs grew 40% QoQ. Waymo surpassed 500K rides/week. This far exceeds thesis targets. Stock surged 8.8% to $381, well above cost basis of $338. The DOJ overhang remains but fundamentals are exceptional. (long, high confidence)

Outcome

7-day: -12.57% · 30-day: pending

Cited evidence

Theses