August 12, 2022

Get Irked - Investments in Play - August 12, 2022

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The Week’s Biggest Winner & Loser

Canopy Growth Corp (CGC)

All things cannabis saw a pop this week after Congress (Lucy to the cannabis sector’s Charlie Brown) once again asked the sector play ball with discussions revolving around the potential of the Safe Banking Act becoming law. Should it happen, cannabis companies could finally get bank accounts and credit lines (due to Federal law, the entire industry is cash-only, currently…).

As a result, Canopy Growth Corporation (CGC) saw a +22.22% pop this week, earning it the spot of the Week’s Biggest Winner (until next week when Congress inevitably will dash the hopes of the industry once more…)

Take Two Interactive (TTWO)

Popular video game maker Take Two Interactive (TTWO) reported a disappointing earnings report with lowered forward guidance this week.

This should have come as no surprise seeing as how, without COVID lockdowns, kids can actually go outside and play instead of having to stay at home playing video games.

Regardless, the report did come as a surprise to investors, who sold down the stock -3.16% which, in a sea of green, was enough to earn TTWO the Biggest Loser spot this week.

Portfolio Allocation

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Target Position Size

Get Irked - Investments in Play - Current Holdings - August 12, 2022

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Portfolio Breakdown

Get Irked - Year-to-Date Performance - Investments in Play vs. Speculation in Play - 2022 Year-to-Date Performance

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Year-to-Date Performance

The “Baskets”

The Investments in Play portfolio contains a number of groups of stocks called “baskets.” I use baskets when I want exposure to a certain sector, but I want to use more than one stock to get that exposure without giving each individual stock an allocation.

In this portfolio, there is the Financials Basket which includes stocks that provide the portfolio with exposure to the financial sector which includes money-center banks, credit card companies, and investment management firms.

The Pets Basket includes the two leaders in pet health, long-time holding IDEXX Labs (IDXX) and newcomer Zoetis (ZTS). Both are considered “Best-in-Breed” (pun intended) for different reasons which is why I’m holding both of them instead of just picking one or over the other.

Additionally, there are two speculative baskets in the portfolio: Old-Spec and New-Spec.

Companies in the Old-Spec basket are ones with long track records where I want to have some exposure in the portfolio but I’m not confident enough to give each a full allocation.

New-Spec companies are typically stocks either new on the scene or representing a fairly new approach or sector, where, like Old-Spec, I want exposure but I don’t want a full allocation of any individual company.

Current Position Performance

Apple (AAPL)


1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$47.20)*

Tesla (TSLA)


1st Buy 3/12/2020 @ $111.30
Current Per-Share: (-$78.43)*

Nvidia (NVDA)


1st Buy 9/6/2016 @ $15.77
Current Per-Share:  (-$5.75)*

Boeing (BA)


1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$148.35)*

Block (SQ)


1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$71.45)*

Nike (NKE)


1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$6.08)*

Skyworks (SWKS)


1st Buy 1/31/2020 @ $113.60
Current Per-Share: (-$33.65)*



1st Buy 7/26/2017 @ $167.29
Current Per-Share: (-$39.57)*

Logitech (LOGI)


1st Buy 11/11/2016 @ $24.20
Current Per-Share: $12.70

Disney (DIS)


1st Buy 2/14/2012 @ $41.70
Current Per-Share: $34.06

Amazon (AMZN)


1st Buy 2/6/2018 @ $69.15
Current Per-Share: $59.25

Meta (META)


1st Buy 9/16/2017 @ $128.58
Current Per-Share: -($64.60)*

Dow (DOW)


1st Buy 5/13/2019 @ $53.18
Current Per-Share: $33.35

Salesforce (CRM)


1st Buy 6/11/2018 @ $134.05
Current Per-Share: $114.75

Berkshire (BRK.B)


1st Buy 8/2/2019 @ $199.96
Current Per-Share: $182.87

Take Two (TTWO)


1st Buy 10/9/2018 @ $128.40
Current Per-Share: $75.60

JP Morgan (JPM)


1st Buy 10/26/2017 @ $102.30
Current Per-Share: $76.10

Dutch Bros (BROS)


1st Buy 9/20/2021 @ $42.25
Current Per-Share: $37.25

Morgan Stan (MS)


1st Buy 4/25/2022 @ $83.50
Current Per-Share: $78.97

Zoetis (ZTS)


1st Buy 6/13/2022 @ $157.55
Current Per-Share: $157.55

Roblox (RLBX)


1st Buy 9/29/2021 @ $77.00
Current Per-Share: $46.05

Visa (V)


1st Buy 5/9/2022 @ $194.00
Current Per-Share: $190.33

Schwab (SCHW)


1st Buy 4/18/2022 @ $76.30
Current Per-Share: $73.04

Twilio (TWLO)


1st Buy 8/8/2019 @ $125.71
Current Per-Share: $116.70

Rivian (RIVN)


1st Buy 11/12/2021 @ $127.00
Current Per-Share: $59.40

Canopy (CGC)


1st Buy 5/24/2018 @ $29.53
Current Per-Share: $5.62

Coinbase (COIN)


1st Buy 4/14/2021 @ $412.47
Current Per-Share: $212.34

* Indicates a position where the capital investment was sold.
Profit % for * positions = Total Profit / Starting Capital Investment

A negative share price indicates the dollar amount of profit for each share currently held.

This Week’s Moves

Apple (AAPL): Profit-Taking

As the summer rally continued this week, Apple (AAPL) triggered my next sell order at a key trendline of resistance with the order going through at $167.34 on Monday. The sale locked in +14.58% in profits on shares I bought for $146.05 back on September 17, 2021 and lowered my per-share “cost” -$6.35 from -$40.85 to -$47.20 (a negative per-share cost indicates all capital has been removed in addition to $47.20 per share added to the portfolio’s bottom line in addition to each share’s current value).

Despite this rampant profit-taking on my part, Apple’s rally is causing it to regularly exceed the target allocation size for the portfolio by a large margin, even after the sales I take. Accordingly, my next sell target is $173.75, below a key point of resistance, and my next buy target is $130.20, slightly above AAPL’s 2022 low of $129.04.

AAPL closed the week at $172.12, up +2.86% from where I took profits Monday.

Disney (DIS): Profit-Taking

Disney (DIS) has been an absolutely disappointing underperformer this year, down nearly -30% YTD as it headed into its earnings report on Wednesday. So, when the stock popped on better-than-feared inflation data, I took profits with a sale that went through at $112.49, locking in a +12.87% gain on shares I bought on May 12 for $99.66, and lowering my per-share cost -7.82% from $36.95 to $34.06.

Since we had no way of knowing which way DIS’s earnings could go, the prudent course of action was to take the profits I had and then set my next sell target for $127.30, right below a past point of resistance, should DIS report a good earnings report. Disney did end up reporting excellent earnings, causing the stock to pop, however, it has not yet reached my next profit-taking target.

From here, my next buy target is $81.30, above Disney’s pandemic bottom. Given all the macroeconomic and global headwinds combined with Disney’s horrible recent performance, I’m in no hurry to add to my position and raise my cost basis before really good deals present themselves, at this point.

DIS closed the week at $121.57, up +8.07% from where I took profits Wednesday.

Morgan Stanley (MS): Profit-Taking

Investment bank Morgan Stanley (MS) saw a substantial pop in its stock price following the better-than-feared inflation data on Wednesday along with the rest of the financial sector, jumping through my next profit-taking target with a sale that filled at $87.98.

It might seem odd for me to take profits in a brand-new position I just opened less than four months ago on April 25, but given the seasonality of the markets given a historical trend to a pretty substantial selloff between August and the end of October, I wanted to capitalize on the available gains I had.

The sale locked in +20.75% in gains on shares I bought for $72.86 on June 16, and also served to lower my per-share cost -1.60% from $80.25 to $78.97. From here, my next sell target is just under MS’ $109.73 all-time high, and my next buy target is at $72.90, a bit above Morgan Stanley’s 2022 low of $72.05.

MS closed the week at $91.66, up +4.18% from where I took profits Wednesday.

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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Disclaimer: Eric “Irk” Jacobson and all other Get Irked contributors are not investment or financial advisers. All strategies, trading ideas, and other information presented comes from non-professional, amateur investors and traders sharing techniques and ideas for general information purposes. As always, all individuals should consult their financial advisers to determine if an investing idea is right for them. All investing comes with levels of risk with some ideas and strategies carrying more risk than others. As an individual investor, you are accountable for assessing all risk to determine if the strategy or idea fits with your investment style. All information on Get Irked is presented for educational and informational purposes only.
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