Disney (DIS): Added to Position

I decided it was time to put some capital back into Disney when it pulled back to the low $170s on Tuesday with a purchase that filled at $173.06, a -14.76% discount from its all-time high of $203.02. The purchase gives my position a per-share cost of $8.15, a reduction of -80.54% from where I first bought it at $41.87 on February 14, 2012.

From here, I have no sell targets until much higher as I would prefer to wait for Disney to outgrow its allocation target before taking profits. My next buy target is $153.10.

DIS closed the week at $177.13, up +2.35% from where I added Tuesday.

IBM (IBM): Added to Position

IBM (IBM) reported an excellent quarter and was able to bounce from the high $130s back to the mid-$140s. I had been waiting for a more substantial pullback, but after consolidating for the past few weeks, I believe IBM may be headed higher, so I went ahead and pulled the trigger on Tuesday, adding some more to my position at $142.40.

The buy raises my per-share cost to $82.45, however, the overall position per-share cost is still -32.23% les than my first buy at $121.67 on November 6, 2018. Plus, with a dividend in excess of 4.5% and the upcoming spinoffs later this year, I feel IBM may have some true long-term potential.

All that being said, IBM still shares an allocation with its speculative brethren: Amazon (AMZN), Berkshire-Hathaway (BRK.B), Coinbase (COIN), Salesforce (CRM), and Twilio (TWLO). From here, I have no current sell targets and my next buy target is $118.40.

IBM closed the week at $144.09, up +1.87% from where I added Tuesday.

Logitech (LOGI): Added to Position

After reporting a blowout earnings report and still crashing afterward, I decided it was time to add some capital back into Logitech (LOGI) when it retested the sub-$110 level on Monday with a buy order that filled at $108.00.

The buy reinstated my capital position with an incredibly tiny $0.40 per-share cost and locked in a -22.95% discount from Logitech’s all-time high of $140.17. From here, my next buy target is $92.80 and my next sell target is around $170 where Logitech will exceed the target allocation for the portfolio.

LOGI closed the week at $107.38, down -0.57% from where I added Monday.

Square (SQ): Profit-Taking

After Square (SQ) announced Monday that it would be buying Australian buy-now-pay-later firm Afterpay for nearly $30 billion in stock, Square POPPED an astounding 13%+ in a single day!

Square was already far in excess of the allocation target for my Investments in Play portfolio, so I took profits on Monday with an order that filled at $280.25. The sale locked in +24.67% in gains on shares I bought on February 25 for $224.80 and lowered my per-share “cost” to -$165.05 (meaning each remaining share in the portfolio cost nothing and instead adds $165.05 to the portfolio’s bottom line along with the value of the share).

I’ve now raised my buying target to $206.20 and despite Square remaining very solidly over the allocation target (it was 7.881% after the sale on Monday against the target allocation of 7.14%), I am waiting to sell more until around $310.

SQ closed the week at $275.10, down -1.84% from where I sold Monday.