February 11, 2022
The Week’s Biggest Winner & Loser
Canopy Growth Corp (CGC)
After what has seemed like an eternity in a cold, hard winter, Canopy Growth Corp (CGC) and the rest of the cannabis sector finally caught a slight buzz this week. While still a continent away from its all-time high, CGC’s +17.60% gain is nothing to sneeze at and easily earned it the honor of the Week’s Biggest Winner in a sea of red.
Dutch Bros (BROS)
What goes up must come down, and Dutch Bros (BROS), one of the most volatile positions in the entire portfolio, that means a pullback, especially in a down market. BROS spilled -10.37% all over the floor this week and landed itself the spot of the Week’s Biggest Loser.
Portfolio Allocation
Positions
%
Target Position Size
The Speculative Basket
The Speculative Basket is made up of 11 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), Meta (FB), Rivian (RIVN), Roblox (RBLX), Salesforce (CRM), Skyworks Solutions (SWKS), Take Two Interactive (TTWO), and Twilio (TWLO).
Current Position Performance
Apple (AAPL)
+889.00%*
1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$34.61)*
Nvidia (NVDA)
+877.05%*
1st Buy 9/6/2016 @ $15.77
Current Per-Share: (-$22.45)*
Amazon (AMZN)
+762.36%**
1st Buy 2/6/2018 @ $1,382.96
Current Per-Share: $34.77
Tesla (TSLA)
+730.34%*
1st Buy 3/12/2020 @ $111.30
Current Per-Share: (-$93.94)*
Boeing (BA)
+676.59%*
1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$192.80)*
Block (SQ)
+664.67%*
1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$94.15)*
Logitech (LOGI)
+656.44%**
1st Buy 11/11/2016 @ $24.20
Current Per-Share: $7.45
Nike (NKE)
+526.27%*
1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$13.75)*
IDEXX Labs (IDXX)
+469.05%*
1st Buy 7/26/2017 @ $167.29
Current Per-Share: (-$52.18)*
Skyworks (SWKS)
+446.66%*
1st Buy 1/31/2020 @ $113.60
Current Per-Share: (-$57.56)*
Disney (DIS)
+378.84%
1st Buy 2/14/2012 @ $41.70
Current Per-Share: $31.21
Take Two (TTWO)
+341.40%
1st Buy 10/9/2018 @ $128.40
Current Per-Share: $50.23
JP Morgan (JPM)
+121.24%
1st Buy 10/26/2017 @ $102.30
Current Per-Share: $69.57
Salesforce (CRM)
+111.59%
1st Buy 6/11/2018 @ $134.05
Current Per-Share: $98.25
Meta (FB)
+79.58%*
1st Buy 9/16/2017 @ $128.58
Current Per-Share: -($295.25)*
Berkshire (BRK.B)
+74.51%
1st Buy 8/2/2019 @ $199.96
Current Per-Share: $182.87
Dow (DOW)
+69.75%
1st Buy 5/13/2019 @ $53.18
Current Per-Share: $35.99
Twilio (TWLO)
+61.76%
1st Buy 8/8/2019 @ $125.71
Current Per-Share: $118.00
Canopy (CGC)
+31.73%
1st Buy 5/24/2018 @ $29.53
Current Per-Share: $7.00
Dutch Bros (BROS)
+27.88%
1st Buy 9/20/2021 @ $42.25
Current Per-Share: $40.50
Roblox (RLBX)
+9.88%
1st Buy 9/29/2021 @ $77.00
Current Per-Share: $60.80
Coinbase (COIN)
-33.70%
1st Buy 4/14/2021 @ $412.47
Current Per-Share: $293.43
Rivian (RIVN)
-41.03%
1st Buy 11/12/2021 @ $127.00
Current Per-Share: $99.80
* 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
Block (SQ): Added to Position
On Monday, Block (SQ) pulled back from last week’s rally and triggered my price target which filled with a buy order at $102.65. The order locked in a -32.69% discount on shares I sold back on August 20, 2020 for $152.50 and raised my per-share “cost” +$6.15 from -$100.30 to -$94.15 (a negative per-share price indicates that all capital has been taken out of the position and that each share instead adds $94.15 to the portfolio’s bottom line in addition to the value of each share).
From here, my next buy price target for Block is $94.55, a past point of support, and my next sell target is $237.05, just under a past point of resistance.
SQ closed the week at $107.88, up +5.09% from where I added on Monday.
Meta [Facebook] (FB): *Position Reopened*
I decided to reopen a position in Meta (FB), the artist formerly known as Facebook. Even long-time readers may not remember that I did hold a position in Meta previously, however I closed it entirely only a few weeks after I started Get Irked with my final sale order at $178.20 on August 27, 2018.
Since I have no exposure to the social media space in this portfolio and Meta has become unbelievably cheap both on a relative basis to itself, but also in its Price-to-Earnings (P/E) ratio, I decided that I wanted some exposure once again, but this time it will be part of the speculative basket, not its own allocation, joining the ranks of the Old-Spec half of the basket along with Amazon (AMZN), Berkshire-Hathaway (BRK.B), Salesforce (CRM), Skyworks Solutions (SWKS), and Take Two Interactive (TTWO).
Thanks to reporting an absolutely dismal quarter, Meta is now more than -40% off its all-time high, so I decided to reopen a position this week with my first buy order going through on Thursday at $227.00. Thanks to the previous profits taken from Meta, that gives me a starting per-share price of -$295.25 (a negative per-share price indicates that all capital has been taken out of the position and that each share instead adds $295.25 to the portfolio’s bottom line in addition to the value of each share).
From here, my next price target to add to the stock is $185.65, a price determined using reverse Fibonacci Retracement.
FB closed the week at $219.55, down -3.28% from where I opened it on Thursday.
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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