October 1, 2021
The Week’s Biggest Winner & Loser
Take Two Inter. (TTWO)
In what ended up being a heck of a volatile week going into the end of September, Take Two Interactive (TTWO) pulled off the impossible, jumping +7.58% to earn itself the spot of the Week’s Biggest Winner following news that Netflix (NFLX) bought a mobile game development company to enter the video game streaming space (speculators believe TTWO might be a good takeover target).
Dutch Bros (BROS)
Following its first full week of trading following it coming public, Dutch Bros (BROS) slipped a bit from its highs, losing -12.91% this week to become the Week’s Biggest Loser. Of course, given that it’s still up +42.07% from where it opened to the public (more than +200% from its $23.00 IPO price) and it’s hard to call this one a loser.
Target Position Size
The Speculative Basket
The Speculative Basket is made up of nine (9) positions that cumulatively share two target allocations. While I have more faith in these positions than those in my Speculation in Play portfolio (why they’re in this portfolio), I don’t want a full allocation to any of them.
The current basket members are: Amazon (AMZN), Berkshire-Hathaway (BRK.B), Coinbase (COIN), Dutch Bros (BROS), IBM (IBM), Roblox (RBLX), Salesforce (CRM), Take Two Interactive (TTWO), and Twilio (TWLO).
Current Position Performance
1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$165.05)*
1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$39.20)*
1st Buy 9/6/2016 @ $15.77
Current Per-Share: (-$15.50)*
1st Buy 11/11/2016 @ $24.20
Current Per-Share: $4.05
1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$261.81)*
1st Buy 3/12/2020 @ $111.30
Current Per-Share: (-$102.03)*
IDEXX Labs (IDXX)
1st Buy 7/26/2017 @ $167.29
Current Per-Share: (-$99.89)*
1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$18.95)*
Take Two (TTWO)
1st Buy 10/9/2018 @ $128.40
Current Per-Share: $39.56
1st Buy 6/11/2018 @ $134.05
Current Per-Share: $60.00
1st Buy 2/14/2012 @ $41.70
Current Per-Share: $8.15
1st Buy 8/8/2019 @ $125.71
Current Per-Share: (-$16.25)*
JP Morgan (JPM)
1st Buy 10/26/2017 @ $102.30
Current Per-Share: $63.40
1st Buy 5/24/2018 @ $29.53
Current Per-Share: $5.15
1st Buy 2/6/2018 @ $1,382.96
Current Per-Share: -($995.54)*
1st Buy 1/31/2020 @ $113.60
Current Per-Share: $82.39
1st Buy 11/6/2018 @ $120.87
Current Per-Share: $81.49
1st Buy 5/13/2019 @ $53.18
Current Per-Share: $35.69
1st Buy 8/2/2019 @ $199.96
Current Per-Share: $182.87
Dutch Bros (BROS)
1st Buy 9/20/2021 @ $42.25
Current Per-Share: $42.25
1st Buy 9/29/2021 @ $77.00
Current Per-Share: $77.00
1st Buy 4/14/2021 @ $412.47
Current Per-Share: $384.45
* Indicates a position where the capital investment was sold.
Profit % for * positions = Total Profit / Starting Capital Investment
** Indicates a position calculated based on initial investment due to extremely low per-share price (causes ridiculous and inaccurate “gains”)
A negative share price indicates the dollar amount of profit for each share currently held.
This Week’s Moves
IDEXX Laboratories (IDXX): Added to Position
On Monday, IDEXX Laboratories (IDXX) continued to exhibit weakness, dropping through $650.00 and triggering a buy order I which filled at $650.00. On Tuesday, IDXX continued selling off so I put in another buy order which filled down at $627.06.
The combined orders gave me an average buying price of $638.58, a -7.60% discount on replacing some of the shares I sold at $691.11 on July 28. The orders also raised my per-share “cost” +24.80% from -$132.83 to -$99.89 (a negative cost means each share cost nothing and instead adds $99.89 per share in addition to the value of the share to the portfolio).
From here, my next buy target is $595.90 and I have no sell targets at this time.
IDXX closed the week at $623.98, down -2.29% from my average buying price.
JP Morgan (JPM): Profit-Taking
When JP Morgan (JPM) and the rest of the financial sector reached for new all-time highs on Monday, I decided to take more profits with a sell order which filled at $166.59.
The sale locked in +72.99% in gains on shares I purchased during the pandemic selloff on March 11, 2020 for $96.30 and lowered my per-share cost by -11.453% from $71.60 to $63.40. From here, my next buy target is $145.80 and I have no sell targets at this time.
JPM closed the week at $167.13, up +0.32% from where I sold on Monday.
Logitech (LOGI): Added to Position
Logitech (LOGI) just can’t catch a break, continuing to get pounded in every market selloff. On Thursday, LOGI crossed another buying target for me with a buy order filling at $88.86.
The order locked in a -5.21% discount on some of the shares I sold on November 5, 2020 for $93.74 and a -36.60% discount from LOGI’s all-time high of $140.17. The order also raised my per-share cost $2.00 from $2.65 to $4.65 per share.
On Thursday, Logitech paid out its annual dividend of $0.95 a share (about 1%) which lowered my per-share cost -12.90% from $4.65 to $4.05. Unfortunately, because LOGI is based internationally, I actually have to take the dividend payout as cash as my broker does not reinvest dividends in international stocks… bummer.
From here, my next buy target is $76.55 and my next sell target is around $139-$140, near LOGI’s current all-time high.
LOGI closed the week at $88.51, down -0.39% from where I added Thursday.
Roblox (RBLX): *New Position*
I’ve been waiting for several weeks to add video game development platform and entry into the metaverse, Roblox (RBLX), to my portfolio, and the opportunity finally presented itself Wednesday when Roblox pulled back and triggered my first buy order at $77.00.
RBLX came public a few months ago and is the new rage with the kiddos. The platform is kind of like Minecraft where gamers can play in a wide variety of different games and environments. However, Roblox also offers users the opportunity to design, develop, and sell their own games into the platform.
Hugely popular, its stock is also pretty expensive, so I’m starting slow with this one and putting it into the double-allocation Speculative Basket with its eight other compatriots.
From here, my next buy price target is $72.00, and, naturally, I have no sell targets for this brand-new investment at this time.
RBLX closed the week at $75.59, down -1.83% from my opening price.
Want Further Clarification?
As always, if you have questions about any of my positions or have positions of your own that you’re curious about – feel free to leave a comment below!
See you next week!
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