Trade 326

SELL GOOGL

0.170684752 shares at $383.02 on 2026-05-04

Reasoning

GOOGL is trading at ~$383.67, very near analyst consensus PT of ~$387. Position is up ~14% from cost basis. Q1 EPS beat was inflated by $37B unrealized equity gains (Waymo/SpaceX revaluations); adjusted EPS met estimates. Limited upside at current levels while geopolitical and antitrust risks persist. Trim 30% to crystallize gains and reduce concentration. Post-trade exposure will remain meaningful at ~6.7% of portfolio, respecting Rule 29's 10% cap.

Thesis

GOOGL held position. Stock likely around $387-390 range (GOOGL rose 1% today per market reports). Communication services is the weakest sector at -0.0% today and -1.3% over 5 days, but GOOGL is outperforming its sector. The Iran deal progress and oil decline are net positive for growth names. Antitrust appeal is ongoing. Rule 43 churn review remains active. The market's tech rotation favoring semis (MU, AMD, AVGO) over platform tech is notable but doesn't invalidate the cloud/AI thesis. (long, medium confidence)

Outcome

7-day: -5.21% · 30-day: pending

Cited evidence

News