HOLD ANET
0 shares at $152.27 on 2026-06-09
Reasoning
ANET position held. Stock is a high-beta networking-silicon holding (Marvell -12% today is a direct comp) into a tech-selloff tape. Position ($116.6M MV / $7,886.68 = 1.5% portfolio) is undersized and stabilization gate (Rule 41) remains blocked: price has not held above pre-earnings level ($168.76) for 2+ consecutive sessions, no named institutional buyer post-selloff has been published, and the selloff has not retraced 38.2% from intraday low. Invalidation level is <$125 on fundamentals, not yet breached. Do not add; hold existing shares through macro clarity. The June 8 risk-on relief bounce fully reversed today (Nasdaq-100 -3%+, SOXL -15%), confirming AI/semi complex has not stabilized. Rule 44 rate-shock regime (CPI >3.5%, hike odds >20%) continues to suppress high-multiple entry convictions.