Apple (AAPL): Added to Position

Even Apple (AAPL) took a tumble this week, dropping below $155.00 on Monday and triggering a buy order that filled at $154.74. The buy locked in a -12.72% discount on shares I sold at $177.30 back on December 10, 2021 and raises my per-share “cost” +$5.62 from -$40.27 to -$34.65 (a negative per-share price indicates that all capital has been taken out of the position and that each share instead adds $34.65 to the portfolio’s bottom line in addition to the value of each share).

From here, my next buy target is $140.25, above a past point of support, and my next sell target is $182.65, near AAPL’s all-time high where the position will have substantially outgrown the portfolio’s target allocation size.

AAPL closed the week at $170.33, up +10.75% from where I added on Monday.

Coinbase (COIN): Added to Position

Thanks to Bitcoin and the rest of the crypto sector selling off over the weekend, Coinbase’s (COIN) valuation and profit prospects got destroyed, causing the stock to continue to sell off tremendously on Monday with a buy order that filled at $172.80.

The buy lowered my per-share cost -7.60% from $317.55 to $293.43. From here, my next buy price target is $150.45, a price calculated using the Fibonacci Retracement Method, and my next sell target is $368.05, just under COIN’s high from its last bull rally in 2021.

COIN closed the week at $177.58, up +2.77% from where I added on Monday.

Disney (DIS): Added to Position

No sector was exempt from this week’s selloff with already-oversold Disney (DIS) taking it on the chin and triggering a buy order which filled on Monday at $134.13. The order raised my per-share cost +$4.26 from $26.95 to $31.21, still a -25.45% reduction from my first buy at $41.87 back on February 14, 2012.

From here, my next buy target is $118.40, near a past point of support, and my next sell target is $181.20, near the top of DIS’s last bull rally in 2021.

DIS closed the week at $138.63, up +3.36% from where I added on Monday.

IDEXX Laboratories (IDXX): Added to Position

The continued selling on Tuesday triggered a buy order I had in place on IDEXX Laboratories (IDXX) which filled at $487.61. The buy locked in a -29.45% discount on still some more of the shares I sold at $691.11 back on July 28, 2021.

The buy raised my per-share “cost” +$8.08 from -$60.26 to -$52.18 (a negative per-share price indicates that all capital has been taken out of the position and that each share instead adds $52.18 to the portfolio’s bottom line in addition to the value of each share).

From here, my next buy target is $422.90, a past point of support, and my next sell target is over $1,000 when IDEXX will exceed a target position allocation size in the portfolio.

IDXX closed the week at $489.05, up +0.30% from where I added Tuesday.

Roblox (RBLX): Added to Position x 2

Roblox (RBLX) sold off so hard on Monday that it nearly broke its all-time low around $60.00, plus, it also hit my next buy target with an order that filled at $60.80. On Friday, the selloff didn’t stop with RBLX triggering a second buy target that filled at $54.80, giving me an average buy price of $57.80.

The combined buys lowered my per-share cost -1.935% from $62.00 to $60.80, and, by buying and selling in stages, I have lowered the entire position per-share price -21.04% from where I initially started it at $77.00 on September 29, 2021 down to $60.80.

From here, my next buy target is $45.50, a price determined using Fibonacci Retracement Method, and I plan to take more profits if RBLX makes a try for its $141.50 all-time high.

RBLX closed the week at $58.18, up +0.66% from my average buy price.

Salesforce (CRM): Added to Position

The high-flying tech stocks like Salesforce (CRM) got positively slammed on Monday, with CRM triggering a buy order which filled at $213.02. The order locked in a -24.14% discount on shares I sold for $280.80 back on September 24, 2021 and raised my per-share cost +$38.25 from $60.00 to $98.25, still a -27.42% reduction from my first buy at $135.38 on June 11, 2018.

From here, my next buy target is $182.00, near a past point of support, and my next sell target is around $400.00, a price target many analysts expect CRM to hit.

CRM closed the week at $222.13, up +4.28% from where I added on Monday.

Tesla (TSLA): Added to Position

Tesla (TSLA) and the rest of the Electric Vehicle (EV) sector certainly got hit hard this week as one might expect, with a buy order of mine being filled at $885.96 on Monday. This is the first time I’ve added back to the position since my last buy on May 19, 2021, more than six months ago.

Due to Tesla’s extreme nosebleed valuation based on no fundamentals, I’m using very small quantities when I add to my position, also keeping in mind that I will never put real capital back into the position, only using profits I have taken out previously.

The buy did raise my per-share “cost” +$8.09 from -$102.03 to -$93.94 (a negative per-share price indicates that all capital has been taken out of the position and that each share instead adds $93.94 to the portfolio’s bottom line in addition to the value of each share).

From here, my next price target is $793.90, a past point of support, and my next sell target is around $2,000, a price target which many analysts still have for the stock, believe it or not.

TSLA closed the week at $846.35, down -4.47% from where I added on Monday.