The given data presents the decision-making process of Royston Lim, the co-founder and chief investment officer of Asia Alpha Management (AAM), in tackling volatile positions in the market. Lim and his team have made decisions regarding three positions: a long position in Telstra, a short position in iRobot, and a long position in Quanta Computer.

In the case of Telstra, the team is waiting for the rollout of 5G technology and believes that the stock will reach their updated price target. However, to manage near-term risk, they have trimmed the position and set a stop at a certain price level.

For the short position in iRobot, the team believes that the company’s guidance is inflated and expects a potential return when the guidance is lowered. They have covered some stock and set a stop-loss order for the rest.

Regarding the long position in Quanta Computer, the team is unable to find any fundamental reason for the stock’s weakness. They believe the stock should be higher based on historical correlation to Apple stock. They have trimmed the position reflecting lower volatility.

In conclusion, the data highlights the decision-making process of AAM in managing volatile positions in the market. The team considers various factors such as research, market conditions, and analyst opinions to make informed decisions. However, there is still uncertainty and second thoughts regarding the positions and the overall process.