January 21, 2022
The Week’s Biggest Winner & Loser
Take Two Interactive (TTWO)
When news broke that Microsoft (MSFT) would be buying video game giant Activision-Blizzard (ATVI) for nearly $70 billion, the rest of the video game sector took off to the races in what was otherwise a market of red stocks. Take Two Interactive (TTWO) brought home +7.98% to earn itself the spot of the Week’s Biggest Winner.
Rivian (RIVN)
There are few sectors more speculative than Electric Vehicles (EV) right now (except for maybe cannabis), and in the EV sector, one of the most speculative plays is Rivian (RIVN) with no doubt. Accordingly, Rivian got positively destroyed this week, dropping -19.31% and coming in as the Biggest Loser of the Week in a week that saw nothing but losers. Yikes!
Portfolio Allocation
Positions
%
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), Rivian (RIVN), Roblox (RBLX), Salesforce (CRM), Skyworks Solutions (SWKS), Take Two Interactive (TTWO), and Twilio (TWLO).
Current Position Performance
Apple (AAPL)
+860.79%*
1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$40.27)*
Nvidia (NVDA)
+857.79%*
1st Buy 9/6/2016 @ $15.77
Current Per-Share: (-$22.45)*
Tesla (TSLA)
+794.21%*
1st Buy 3/12/2020 @ $111.30
Current Per-Share: (-$102.03)*
Amazon (AMZN)
+702.44%**
1st Buy 2/6/2018 @ $1,382.96
Current Per-Share: $34.77
Block (SQ)
+696.75%*
1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$100.30)*
Boeing (BA)
+665.14%*
1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$192.80)*
Logitech (LOGI)
+619.74%**
1st Buy 11/11/2016 @ $24.20
Current Per-Share: $7.45
Nike (NKE)
+535.74%*
1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$13.75)*
Skyworks (SWKS)
+466.07%*
1st Buy 1/31/2020 @ $113.60
Current Per-Share: (-$57.56)*
IDEXX Labs (IDXX)
+458.05%*
1st Buy 7/26/2017 @ $167.29
Current Per-Share: (-$60.26)*
Disney (DIS)
+409.77%
1st Buy 2/14/2012 @ $41.70
Current Per-Share: $26.95
Take Two (TTWO)
+328.02%
1st Buy 10/9/2018 @ $128.40
Current Per-Share: $50.23
Salesforce (CRM)
+264.38%
1st Buy 6/11/2018 @ $134.05
Current Per-Share: $60.00
JP Morgan (JPM)
+107.26%
1st Buy 10/26/2017 @ $102.30
Current Per-Share: $70.00
Berkshire (BRK.B)
+66.90%
1st Buy 8/2/2019 @ $199.96
Current Per-Share: $182.87
Twilio (TWLO)
+62.76%
1st Buy 8/8/2019 @ $125.71
Current Per-Share: $118.00
Dow (DOW)
+57.61%
1st Buy 5/13/2019 @ $53.18
Current Per-Share: $35.99
Roblox (RLBX)
+11.18%
1st Buy 9/29/2021 @ $77.00
Current Per-Share: $62.00
Canopy (CGC)
+4.16%
1st Buy 5/24/2018 @ $29.53
Current Per-Share: $7.00
Dutch Bros (BROS)
+2.00%
1st Buy 9/20/2021 @ $42.25
Current Per-Share: $40.50
Rivian (RIVN)
-35.36%
1st Buy 11/12/2021 @ $127.00
Current Per-Share: $99.80
Coinbase (COIN)
-39.55%
1st Buy 4/14/2021 @ $412.47
Current Per-Share: $317.55
* 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
Amazon (AMZN): Added to Position
When Amazon (AMZN) broke through the $3,000 mark and headed lower on Friday, it was time to put real capital back in the position with a buy order that filled at $2,925.29.
The buy took my per-share cost from negative (indicating no capital in the position) into the positive at $34.77. From here, my next buy price target is $2681.90, above a past point of support, and I have no sell targets at this time.
AMZN closed the week at $2,852.86, down -2.48% from where I added Friday.
Block (SQ): Added to Position
As the tech rout continued this week, the fintech sector got slammed with Block (SQ) dropping below $120.00 and triggering a buy order I had in place on the way down which filled Friday at $122.90.
The order locked in a -21.83% discount on some shares I sold at $157.22 a few years back on August 20, 2020. The buy raised my per-share “cost”+$7.20 from -$107.50 to -$100.30 (a negative per-share cost indicates all capital has been removed from the position and each share instead adds $100.30 to the portfolio’s bottom line in addition to the value of the share).
From here, my next buy target is $94.40, a past point of support, and my next sell target is $205.05 where I will have to reduce my position size as it will have exceeded the target allocation for the portfolio.
SQ closed the week at $118.10, down -3.91% from where I added Friday.
Coinbase (COIN): Added to Position
Coinbase (COIN) more or less imploded on Friday once the bottom fell out in Bitcoin and the rest of the crypto sector after the stock market closed on Thursday. COIN broke through its prior all-time low at $208.00, triggering a buy order I had in place which filled on Friday at $201.35.
The buy lowered my per-share cost -8.38% from $346.60 to $317.55. From here, my next buy target is $182.25, a price calculated using the Fibonacci Retracement Method, and my next sell price is $367.75, just under COIN’s high from its last bull rally in 2021.
COIN closed the week at $191.97, down -4.66% from where I added Friday.
JP Morgan (JPM): Added to Position
JP Morgan (JPM) sold off with the rest of the financial sector on Monday after Goldman Sachs (GS) reported a disappointing quarter, triggering a buy order I had in place which filled at $151.16.
The buy locks in a -9.26% discount on shares I sold back on September 27, 2021 for $166.59 and raises my per-share cost +6.97 from $63.03 to $70.00, still a -31.84% from where I initially opened the position at $102.70 on October 26, 2017.
From here, my next buy target is much lower at $128.70, slightly above a past point of support, and I have no sell targets for the time being as I wait to see which way the financials will go when the Federal Reserve starts raising interest rates.
JPM closed the week at $145.08, down -4.02% from where I added on Monday.
Nvidia (NVDA): Added to Position
Nvidia (NVDA) and the rest of the Big Tech players finally succumbed to the selling pressure on Friday, with NVDA finally triggering a buy order I had in place at $234.16. The order locked in a -25.08% discount on shares I sold for $312.56 a few months back on November 4, 2021, and raised my per-share “cost” from -$35.20 to -$22.45 (a negative per-share cost indicates all capital has been removed from the position and each share instead adds $22.45 to the portfolio’s bottom line in addition to the value of the share).
From here, my next buy target is $195.50, around a significant retracement point with support for NVDA, and my next sell target is $341.85, right around NVDA’s all-time high where the position will once again have outgrown the target allocation size for the portfolio.
NVDA closed the week at $233.74, down -0.18% from where I added Friday.
Rivian (RIVN): Added to Position
Despite the rest of the NASDAQ getting a reprieve from the selling on Thursday, Rivian (RIVN) continued to come under pressure, dropping below the $70 mark and triggering a buy order I had in place which filled at $68.00.
The buy order, -18.81% less than my last buy at $83.75 just a few weeks ago on January 6, lowered my per-share cost -7.38% from $107.75 to $99.80 giving the position a total price reduction of -21.42% from the opening purchase at $127.00 on November 12, 2021.
From here, my next buy price target is $54.20, a price determined using Fibonacci Retracement Method, and my next sell target is $179.00, just under Rivian’s all-time high.
RIVN closed the week at $64.51, down -5.13% from where I added Thursday.
Roblox (RBLX): Added to Position
The excruciating selloff in Roblox (RBLX) continued with the rest of the market this week, with RBLX breaking through $70.00 on Friday, triggering a buy order I had in place which filled at $70.00, too.
The order locked in a whopping -48.53% discount replacing shares I sold for $136.00 back on November 30, 2021. It also raised my per-share cost from $60.00 to $62.00, still representing a -19.48% reduction from my first buy at $77.00 on September 29, 2021.
From here, my next buy target is $60.80, slightly above RBLX’s all-time low, and my next sell target is $310.00 where I will remove all capital from the position (yes, I’m being very patient with this one).
RBLX closed the week at $68.93, down -1.53% from where I added Friday.
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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