Dutch Bros (BROS): Added to Position

Dutch Bros (BROS) got hit particularly hard during Friday’s selloff, breaking down through the $30.00 mark where it triggered my next buy order at $29.20. The buy locked in a -23.56% discount on shares I sold for $38.20 on January 30, and lowered my per-share cost -1.25% from $35.95 to $35.50.

From here, my next small buy is at $27.50, just above a key level of past support, and my next sell target is $41.10, just under BROS’ high for 2023.

BROS closed the week at $29.15, down -0.17% from where I added Friday.

Meta (META): Profit-Taking

When Meta (META) rocketed higher after announcements the company would be laying off an additional 10,000 employees, I decided that it was time to take profits – I just don’t think layoffs are really good news given the macroeconomic and geopolitical environment the world is in right now.

My sale went through at $193.80 on Wednesday, locking in +14.32% in gains on shares I bought for $166.05 on June 13, 2022, and lowered my per-share “cost” -$258.40 from -$64.60 to -$323.00 (a negative per-share cost indicates all capital has been removed in addition to $323.00 per share added to the portfolio’s bottom line in addition to each share’s current value).

From here, my next sell target is $377.00, just under Meta’s all-time highs at a previous point of resistance, and my next buy target is $115.50, slightly above a key point of support from Meta’s selloff in 2022.

META closed the week at $195.61, up +0.93% from where I took profits Wednesday.

Nvidia (NVDA): Profit-Taking

Nvidia’s (NVDA) epic post-AI rally continued this week with the stock once again dramatically outgrowing my portfolio’s allocation target which necessitated more profit-taking on Friday with a sale that went through at $260.00.

The sale locked in +11.04% in gains on shares I bought for $234.16 on January 21, 2022, and lowered my per-share “cost” -$14.15 from -$25.17 to -$39.32 (a negative per-share cost indicates all capital has been removed in addition to $39.32 per share added to the portfolio’s bottom line in addition to each share’s current value).

From here, I’m going to let the position “run hot,” exceeding my portfolio’s allocation target by quite a margin, with my next sell target at $288.67, just under NVDA’s 2022 high, and my next buy target is $145.13, above a key level of past support.

NVDA closed the week at $257.25, down -1.06% from where I took profits Friday.

Schwab (SCHW): Added to Position

Schwab’s (SCHW) epic freefall continued on Monday as the company has offered absolutely no insights into why its stock is positively collapsing. SCHW crashed through my next buy target which filled at $51.07 on Monday, locking in a -31.81% discount on shares I sold for $74.89 back on October 27, 2022.

The buy lowered my per-share cost -3.89% from $66.85 to $64.25. I should note that I’m adding very slowly in very small quantities to this position since we have absolutely no idea if something existential is happening to the company.

From here, my next buy target is $46.59, above a past point of support, and my next sell target is $85.78, just under Schwab’s 2023 high from just a few weeks ago.

SCHW closed the week at $56.41, up +10.46% from where I added Monday.