Amazon (AMZN): Added to Position

Amazon (AMZN) continued to make new lows during Wednesday’s post-election selloff, triggering my next buy order which filled at $85.97. The buy raised my per-share cost +4.87% from $68.85 to $72.20, now bringing it higher than my first buy at $69.15 back on February 6, 2018 (I hate buying up my cost basis, but I want a bigger position in Amazon and there’s no way to no how low it can feasibly go).

From here, my next buy target is $74.35, above a key point of support from the past, and my next sell target is $146.25, below AMZN’s high from its high from earlier in 2022.

AMZN closed the week at $100.79, up +17.24% from where I added Wednesday.

Dow (DOW): Profit-Taking

The market’s explosive late-week rally following a weaker-than-expected CPI inflation report sent every sector higher, including Dow (DOW), which flew through my next sell target on Friday with a sale filling at $51.29. The sale lowered my per-share cost -0.79% from $32.91 to $32.65.

While I am still a long-term believer in DOW’s story, this position, believe it or not, holds the most actual investment capital than any position in the portfolio, despite not being the largest. Bigger positions like Apple (AAPL) and Boeing (BA) have had so much profit taken out of them over the years that they quite literally have no investment capital in them… at all.

While Dow has been a good performer, I have been too hesitant to take profits in the position when it keeps nearing its all-time high around $72, so I have decided to start aggressively taking profits while it rises by selling some of the shares I have earned from the company’s ample 5%+ dividend yield. Should DOW make another stab at its all-time high, I will remove all of the remaining capital, despite the stock not exceeding the allocation size for the portfolio.

From here, my next sell target is $57.20, near a past point of resistance, and my next buy target is $31.45, below my per-share cost and above a past point of support.

DOW closed the week at $53.16, up +3.65% from where I took profits Friday.

IDEXX Laboratories (IDXX): Profit-Taking

When the market exploded to the upside on Thursday, IDEXX Laboratories (IDXX) rocketed through my next sell target with the order filling at $406.89. The sale locked in +5.16% in gains on shares I bought for $386.92 back on May 4, and lowered my per-share “cost” -$72.68 from -$39.57 to -$112.25 (a negative per-share cost indicates all capital has been removed in addition to $112.25 per share added to the portfolio’s bottom line in addition to each share’s current value). 

While IDEXX is nowhere near its all-time high at $706.95, since it now shares a basket allocation with Zoetis (ZTS), it had become overweight in the basket (meaning IDXX was occupying more than 50% of the basket’s total allocation). Combine that with the fact that I think the market over-reacted to the CPI report, and it was time to take profits.

From here, my next sell target is just below a point of key resistance at $553.00 and my next buy target is $320.90, just above IDXX’s 2022 low.

IDXX closed the week at $441.27, up +8.45% from where  I took profits Thursday.

Logitech (LOGI): Profit-Taking

The market’s love for technology and Logitech (LOGI) took off on Thursday but didn’t stop on Friday, sending LOGI through my next sell target which filled at $61.15. The sale locked in +20.02% in gains on shares I bought for $50.95 back on August 26 and lowered my per-share cost -7.65% from $12.68 to $11.71.

From here, my next sell target is $78.50, under a past point of resistance, and my next buy target is right around LOGI’s 2022 bottom at $41.70.

LOGI closed the week at $62.55, up +2.29% from where I took profits Friday.

Nike (NKE): Profit-Taking

The stupendous market rally sent Nike’s (NKE) stock flying, triggering my next sell order which filled at $106.31 on Friday. The sale locked in +26.98% in gains on shares I bought less than two months ago for $83.72 on September 30, and lowered my per-share “cost” -$3.11 from -$3.59 to -$6.70 (a negative per-share cost indicates all capital has been removed in addition to $6.70 per share added to the portfolio’s bottom line in addition to each share’s current value). 

From here, my next sell target is $139.10, below a past point of resistance, and my next buy target is $82.25, right above NKE’s low for 2022.

NKE closed the week at $106.09, down -0.21% from where I took profits Friday.

Take Two Interactive (TTWO): Added to Position

Take Two Interactive (TTWO) reported a disappointing quarter Monday with even more disappointing forward guidance, which, truthfully, should have come as a surprise to no one seeing as how the company hasn’t released a significant tentpole game in a few years at this point.

Regardless, the stock plummeted nearly -20% during after-hours trading and triggered my next buy order in early morning trading with a fill at $91.72, locking in a -24.36% discount replacing shares I sold for $121.26 back on December 3, 2019. The buy order raised my per-share cost +2.66% from $75.60 to $77.61, still a -39.55% total price reduction from my first buy at $128.40 on October 9, 2018.

From here, my next buy target is $84.55, above TTWO’s low in 2018 (which is significantly lower than its pandemic bottom at $100.00), and my next sell target is around $175.00, a key point of resistance.

TTWO closed the week at $102.25, up +11.48% from where I added Tuesday.