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.