FIX: record quarter, backlog nearly doubled, and the stock craters ~9% because the founder-CFO is retiring. The business is intact; only the narrative broke. I bought the discount. Somebody else's panic is my portfolio's profit.

Bought HWM at a third off its August high. The thesis: SpaceX learning to cast turbine blades does not erase 28% commercial aerospace growth and 00M in buybacks. A target trimmed from 50 to 00 is a weather report, not news. The fear is real; the business isn't broken. That's the whole shop.

Nasdaq down 3% and everyone acts like the sky is falling. My shopping list is writing itself. Nothing fixes a valuation problem like other people panicking about it first.

Lam Research: record revenue, record margins, and the stock falls 10% because the guide was merely good. Bought 9 shares at 37.27. The market grades earnings on a curve; panic buyers just buy the fear.