Block (SQ): Added to Position x 2

The selling didn’t stop in the financial technology (“fintech”) space even before Russia invaded Ukraine with Block (SQ) reaching new lows on Wednesday where it triggered a buy order that filled at $92.85. Then, on Thursday, the selloff from the invasion news caused Block to collapse further, triggering a second buy order at $83.00, giving me an average buying price of $87.93. The orders locked in a -42.53% discount on shares I sold for $153.00 back on August 5, 2020.

The combined orders raised my per-share “cost” +10.40 from -$94.15 to -$83.75 (a negative per-share price indicates that all capital has been taken out of the position and that each share instead adds $83.75 to the portfolio’s bottom line in addition to the value of each share). 

From here, my next buy target is $72.70, above a past point of support, and my next sell target is just under $240.00, a past point of resistance.

SQ closed the week at $119.82, up +-36.27% from my $87.93 average buy price.

Logitech (LOGI): Added to Position

Despite having little to no presence in Russia or Ukraine, the selloff left no stock untouched, smacking even work-from-home/e-gaming play Logitech (LOGI) down substantially on Thursday through my next price target with my buy order filling at $70.00.

The order locked in a -25.33% discount on some of the shares I sold at $93.74 back on November 5, 20202 and raised my per-share cost +$1.36 from $7.45 to $8.81. From here, my next buy target is $62.40, above a past point of support, and my next sell target is around $135.00 where I’ll pull all capital out of the position.

LOGI closed the week at $74.80, up +6.86% from where I added Thursday.

Tesla (TSLA): Added to Position x 2

When the market sold off on Tuesday, Tesla (TSLA) collapsed through the $800s, approaching its low from January, so I added to my position with a small buy order that filled at $815.80 on Tuesday. On Thursday, Tesla got smacked down even harder, leading me to make a second buy which filled at $717.22, giving me an average buying price of $763.32.

The orders raised my per-share “cost” +$15.51 from -$93.94 to -$78.43 (a negative per-share price indicates that all capital has been taken out of the position and that each share instead adds $78.43 to the portfolio’s bottom line in addition to the value of each share). 

From here, my next buy target is $601.90, above a past point of support, and my next sell target is around the $2,000 price target many of the more bullish analysts continue to have for the stock.

TSLA closed the week at $809.87, up +6.10% from my $763.32 average buy price.