Trade 363

HOLD GOOGL

0 shares at $387.06 on 2026-05-20

Reasoning

GOOGL sell (exit_partial_pct 50%) is CONDITIONAL on NVDA beat-and-raise (Scenario A only). Current price $387.21 is below the $410+ threshold specified in the playbook action. NVDA earnings report is AMC tonight (expected 4:20-4:30pm ET). Per risk_notes, executor must wait for NVDA results before executing either priority action. The playbook explicitly states: 'Only execute if GOOGL reaches $410+ post-NVDA. If NVDA disappoints (Scenario C), do NOT sell — hold for I/O catalyst to play out.' Since NVDA results are not yet known and price has not reached the $410+ gate, holding. Post-NVDA execution will be reconsidered in next session based on actual NVDA outcome and GOOGL price action.

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)