November 5, 2021

Get Irked - Investments in Play - November 5, 2021

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The Week’s Biggest Winner & Loser

Nvidia (NVDA)

After positive analyst reports came out this week declaring Nvidia (NVDA) as the “Herald of the Omniverse” with NVDA’s graphics chips being the best there is in the space, Nvidia rocketed to all-new highs.

This epic monster leapt +16.37% to easily snag the spot of the Week’s Biggest Loser.

Dutch Bros (BROS)

Dutch Bros’ (BROS) buzz finally wore off this week. This insane IPO has risen +109.69% from where it opened on the public markets (much, MUCH higher than its initial public offering price in the $20s). This week, it finally saw a pullback as saner heads starting taking some profits, dropping -10.83% and landing the Week’s Biggest Loser spot.

Portfolio Allocation

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Positions

%

Target Position Size

Get Irked - Investments in Play - Current Holdings - March 12, 2021et Irked's Pandemic Portfolio Holdings as of November 5, 2021

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Portfolio Breakdown

Get Irked - Year-to-Date Performance - Investments in Play vs. Speculation in Play - 2020 Year-to-Date Performance

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Year-to-Date Performance

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

Nvidia (NVDA)

+1050.33%*

1st Buy 9/6/2016 @ $15.77
Current Per-Share:  (-$31.80)*

Square (SQ)

+1043.63%*

1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$165.05)*

Tesla (TSLA)

+1005.45%*

1st Buy 3/12/2020 @ $111.30
Current Per-Share: (-$102.03)*

Apple (AAPL)

+809.26%*

1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$34.05)*

Boeing (BA)

+691.88%*

1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$235.70)*

Logitech (LOGI)

+662.62%**

1st Buy 11/11/2016 @ $24.20
Current Per-Share: $5.84

Nike (NKE)

+650.14%*

1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$18.92)*

IDEXX Labs (IDXX)

+566.46%*

1st Buy 7/26/2017 @ $167.29
Current Per-Share: (-$85.40)*

Take Two (TTWO)

+473.24%

1st Buy 10/9/2018 @ $128.40
Current Per-Share: $39.56

Salesforce (CRM)

+412.04%

1st Buy 6/11/2018 @ $134.05
Current Per-Share: $60.00

Disney (DIS)

+368.00%**

1st Buy 2/14/2012 @ $41.70
Current Per-Share: $15.49

Twilio (TWLO)

+266.85%

1st Buy 8/8/2019 @ $125.71
Current Per-Share: $84.67

JP Morgan (JPM)

+166.62%

1st Buy 10/26/2017 @ $102.30
Current Per-Share: $63.03

Amazon (AMZN)

+144.27%*

1st Buy 2/6/2018 @ $1,382.96
Current Per-Share: -($995.54)*

Skyworks (SWKS)

+90.99%

1st Buy 1/31/2020 @ $113.60
Current Per-Share: $85.90

Canopy (CGC)

+78.96%

1st Buy 5/24/2018 @ $29.53
Current Per-Share: $6.59

Dutch Bros (BROS)

+69.95%

1st Buy 9/20/2021 @ $42.25
Current Per-Share: $40.00

Dow (DOW)

+62.41%

1st Buy 5/13/2019 @ $53.18
Current Per-Share: $35.90

Berkshire (BRK.B)

+57.42%

1st Buy 8/2/2019 @ $199.96
Current Per-Share: $182.87

IBM (IBM)

+38.28%

1st Buy 11/6/2018 @ $120.87
Current Per-Share: $89.39

Roblox (RLBX)

+3.71%

1st Buy 9/29/2021 @ $77.00
Current Per-Share: $75.20

Coinbase (COIN)

-12.33%

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

Canopy Growth Corp (CGC): Added to Position

Despite rumors that Congress is working on legislation that would make federal banking legal in the cannabis space, Canopy Growth Corporation (CGC) crashed after reporting a disappointing earnings report on Friday.

During its collapse, CGC triggered two buy orders – one at $12.50 and a second at $11.34 – giving me an average per-share buy price of $11.92. The orders locked in a -72.79% discount on some of the shares I sold earlier this year on February 3 for $43.81 and raised my per-share +11.69% from $5.90 to $6.59.

From here, my next buy target is $9.50, above a few support levels near CGC’s pandemic bottom at $9.00, and my next sell target is $49.75.

CGC closed the week at $11.79, down -1.09% from my average buy price.

IBM (IBM) spins off Kyndryl Holdings (KD)

IBM (IBM) has been planning to separate itself into two divisions – a legacy tech solutions division and a new-age cloud division – for well over a year now, and the spinoff finally happened with the spinoff of Kyndryl Holdings (KD) on Thursday.

While I did receive shares in KD which I am going to hold, I’ve decided not to report these shares in my Investments in Play updates as I don’t intend to add to Kyndryl, I’m just going to hang on to what I have and see where it goes.

If something interesting happens in the future, I may update the portfolio, but in the meantime, their value will just be rolled into the portfolio’s cash position.

Nvidia (NVDA): Profit-Taking

Nvidia (NVDA) positively exploded to the upside this week, rocketing so high that it exceeded the target position allocation for the portfolio by enough that I had to take profits to bring it back in line!

On Thursday, a sell order went through at $312.56, locking in +65.15% in gains on shares I bought just a little over three months ago on July 27 for $189.26. The sale lowered my per-share cost -$16.30 from -$15.50 to -$31.80 (a negative per-share cost means all capital has been removed and each share adds $31.80 to the portfolio in addition to the share’s value).

Why’d I reduce Nvidia but Square (SQ) is still bigger than the target allocation?
It might seem confusing why I would suddenly reduce my position in Nvidia but leave Square alone for so long (SQ is regularly bigger than the portfolio target) until you look at NVDA’s movement. In the past week, this $742 billion company increased nearly 30% in value… in a week! When I see a movement that huge in a company of this size, it may be time to take profits. When that move makes the position bigger than my target – it’s definitely time to take profits.

At this point, my next buy target is $196.35, above a past point of support, and my next sell order is around $350 when NVDA will have, once again, exceeded the allocation size for the portfolio and need to be trimmed.

NVDA closed the week at $297.52, down -4.81% from where I took profits.

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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Disclaimer: Eric “Irk” Jacobson and all other Get Irked contributors are not investment or financial advisers. All strategies, trading ideas, and other information presented comes from non-professional, amateur investors and traders sharing techniques and ideas for general information purposes. As always, all individuals should consult their financial advisers to determine if an investing idea is right for them. All investing comes with levels of risk with some ideas and strategies carrying more risk than others. As an individual investor, you are accountable for assessing all risk to determine if the strategy or idea fits with your investment style. All information on Get Irked is presented for educational and informational purposes only.