Portfolio News<\/p>\n
Planet Labs (PL<\/a>)<\/p>\n On Thursday, Planet Labs announced the successful launch of 20 satellites: the first demo mission for Alphabet\u2019s (GOOGL<\/a>) Google Project Suncatcher; Tanager-2, its latest hyperspectral satellite; and 18 SuperDoves. These spacecraft were launched to orbit aboard the Transporter-18 rideshare mission with SpaceX (SPCX<\/a>) from Vandenberg Space Force Base in California.<\/p>\n Planet Labs has successfully made initial contact with Tanager-2, the Project Suncatcher prototype, and two SuperDoves and begun the commissioning process. The firm expects to make contact with the remaining 16 SuperDoves that will deploy on the D-Orbit ION orbital transfer vehicle on schedule.<\/p>\n This marks, for Planet Labs, the 40th successful launch and a total of 718 satellites built and delivered on orbit. Developed in partnership with Google, the Project Suncatcher satellite will run the first-ever test of Google\u2019s Tensor Processing Units (home-designed chips) in space. The moonshot project is exploring the feasibility of running machine learning (ML) compute systems or data centers in-orbit.<\/p>\n Rocket Lab (RKLB<\/a>)<\/p>\n On Thursday, ARK Invest\u2019s (of Cathie Wood fame) daily trade disclosures show that the firm purchased 233,482 shares of Rocket Lab (RKLB) worth about between $16.4 million and $16.5 million. The news is dated Friday because the trades are reported the next morning. The purchases were made across three of the firm\u2019s funds.<\/p>\n This continues a pattern for ARK Invest. ARK bought a reported 705,102 shares of RKLB shares (for about $44.4 million) on August 31 and September 1, then another 359,612 shares ( for about $25.1 million) on September 22 while the stock was trading well below its highs.<\/p>\n Thursday\u2019s Intentions vs Actual Trades<\/p>\n Intention: Sell 2 shares of RKLB at or close to the last sale of $71.20<\/p>\n Actual trade: Sold 2 shares of RKLB at $70.65<\/p>\n Intention: Sell 50 shares of (SWBI<\/a>) at or close to the last sale of $14.10 to exit the position<\/p>\n Actual trade: Sold 50 shares of SWBI at $14.27<\/p>\n Trading<\/p>\n After two days of heavy trade, I do not plan on trading the portfolio heavily the day before going on vacation and it has literally been years since I took an entire week off for purely recreational purposes. That said, I will close the one (SOFI<\/a>) call that the portfolio is short if it can be done inexpensively. That said, I expect to write this column next on Monday morning, October 12.<\/p>\n Friday\u2019s Intention<\/p>\n Buy one SOFI $22 November 19 call for $0.20 (limited) or better. This will close the position. <\/p>\n Current Positions<\/p>\n Long 60 shares of (ASPN<\/a>) at $5.1083. Target price: $10. Last sale: $5.62.<\/p>\n Long 110 shares of (EVLV<\/a>) at $5.6939. Target price: $8.50. Last sale: $4.77.<\/p>\n Long 140 shares of (OCUL<\/a>) at $8.4505. Target price: $14. Last sale: $7.42.<\/p>\n Short one OCUL $9 December 18 call at $0.80. Last sale: $0.65.<\/p>\n Long 260 shares of (ONDS<\/a>) at $8.0742. Target price: $12. Last sale: $7.27.<\/p>\n Long 100 shares of (PL<\/a>) at $20.3367. Target price: $26. Last sale: $16.53.<\/p>\n Short one PL $17 November 19 call at $1.70. Last sale: $1.40. <\/p>\n Long 60 shares of (PTON<\/a>) at $5.0263. Target price: $9. Last sale: $5.05.<\/p>\n Long 5 shares of (RKLB<\/a>) at $72.818. Target price: $97. Last sale: $71.97.<\/p>\n Long 130 shares of (SOFI<\/a>) at $16.0485. Target price: $24. Last sale: $16.10.<\/p>\n Short one SOFI $22 November 19 call at $1.20. Last sale: $0.13.<\/p>\n