Canopy Growth Corp (CGC): Added to Position

If the recreational cannabis sector can’t get love during an up-market, imagine how it acts during a down-market! Canopy Growth Corp (CGC) continued selling off with the rest of the market this week, triggering a small buy order I had which filled on Tuesday, November 30 at $10.61.

The order raised my per-share cost +1.67% from $6.59 to $6.70. From here, my next buy target is $9.20, slightly above CGC’s pandemic low of $9.00 where it has previously found support, and my next sell target is around $44.70, a past point of resistance where I will pull all of the remaining capital out of the position.

CGC closed the week at $9.99, down -5.84% from where I added Tuesday.

Disney (DIS): Added to Position

Despite the market bounce on Monday following last week’s COVID Omicron Scare, Disney (DIS) continued to experience selling pressure and triggered a buy order I had in place which filled at $146.06.

The buy raised my per-share cost +$5.15 from $21.80 to $26.95, still a -35.63% from where I first opened the position at $41.87 on February 14, 2012. From here, my next buy target is $135.05, above a past point of support, and my next sell target is $197.80 where I will pull the remaining capital back out of the position once again.

DIS closed the week at $146.22, up +-0.11% from where I added Monday.

Dow Chemical (DOW): Added to Position

Despite the rest of the market bouncing on Wednesday, Dow Chemical (DOW) continued to sell off, triggering a buy order that filled at $54.35. The buy raised my per-share cost +0.69% from $36.20 to $36.45, still a -31.45% reduction from my initial $53.18 buy back on May 3, 2019.

At these prices, DOW’s dividend yields in excess of 5.15% annually, a frankly insane return on an investment given that the infrastructure bill will pass and provide huge upside to DOW over time. From here, my next buy target is $51.15, a past point of support, and my sell target is $72.25, slightly above DOW’s current all-time high.

DOW closed the week at $53.07, down -2.36% from where I added Wednesday.

Dutch Bros (BROS): Added to Position

Dutch Bros (BROS) and the rest of the high-flying Class of 2021 IPOs got hit particularly hard during the market selloff, with BROS crashing through my buy order on Friday, filling it at $45.00.

This buy represents a -28.00% discount on shares I sold for $62.50 not too long ago on October 19, and a whopping -44.72% drop from BROS’ $81.40 all-time set barely more than a month ago on November 1. The order raised my per-share cost +1.25% from $40.00 to $40.50.

From here, my next buy target is $41.60, slightly above BROS’ low from its last selloff and my next sell target is $81.00, just under its all-time high.

BROS closed the week at $46.39, up +3.09% from where I added Friday.

IDEXX Laboratories (IDXX): Added to Position

I added to IDEXX Laboratories (IDXX) when it continued to selloff on Thursday following Wednesday’s massive market rout with a buy order that filled at $596.54, locking in a -13.68% discount on some of the shares I sold back earlier this year on July 28 for $691.11.

The buy “raised” my per-share cost +8.57 from -$85.40 to -$76.83 (a negative per-share cost indicates all capital has been removed from the position and each share instead adds $76.83 to the portfolio in addition to the share’s current value).

From here, my next buy order is $541.90, near a past point of support, and I have no intention to sell any more until it exceeds the target allocation size for the portfolio, currently a price target around $1,050/shr.

IDXX closed the week at $586.54, down -1.68% from where I added Thursday.

Logitech (LOGI): Added to Position

Despite the rest of the market bouncing initially on Thursday, Logitech (LOGI) sold off with the rest of the stay-at-home plays, triggering a buy order which filled at $78.44.

The buy locked in a -16.32% discount on some of the shares I sold at $93.74 last year on November 5, 2020 and raised my per-share cost +$1.61 from $5.84 to $7.45, still a -69.46% reduction from my initial buy at $24.40 on
November 11, 2016 (yes, I’ve held Logitech for more than five years now).

From here, my next buy target is $69.55, above a past point of support, and my next sell target is $126.25, at a key point of resistance from Logitech’s last bull rally attempt to get to its $140.17 all-time high.

LOGI closed the week at $77.56, down -1.12% from where I added Thursday.

Roblox (RBLX): Profit-Taking

On Tuesday, Roblox (RBLX) took off once more, this time triggering a sell order I had put in place near its all-time high that filled at $136.00. The sale locked in +90.48% in gains on shares I bought less than two months ago at $71.40 on October 8 and lowered my per-share cost -20.21% from $75.20 to $60.00.

From here, my next buy target is $74.00, above a past point of key support, and my next sell target is $240.00 where I will pull all remaining capital out of the position.

RBLX closed the week at $113.79, down -16.33% from where I sold Tuesday.

Square (SQ): Added to Position

Square (SQ) dropped quite a bit below $200 on Wednesday when the market sold off following the announcement of the first case of COVID Omicron in the U.S., triggering a buy order I had in place at $194.40. On Friday, Square was positively slammed again, dropping down to trigger a second buy order that filled at $175.30, giving me an average buy of $184.85.

Wednesday’s buy locked in a -9.37% discount on shares I sold for $214.49 almost a year ago exactly on December 9, 2020. Friday’s buy locked in a smaller -3.95% discount on shares I sold for $182.50 on October 7, 2020. Combined the two buys raised my per-share cost $8.30 to -$116.15 from -$124.45 (a negative per-share price indicates the shares cost nothing and instead each share adds $116.15 to the portfolio’s bottom line in addition to its current value).

From here, my next buy target is $152.00, above a past point of support, and my next sell target is $265.20, just below SQ’s high from its last bull rally.

SQ closed the week at $181.31, down -1.92% from my average buy price.