March 24, 2023
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The Week’s Biggest Winner & Loser
Tesla (TSLA)
After having its credit rating raised above “junk status,” Tesla (TSLA) saw a decent +5.70% pop during a shaky week, which was enough to park it in the spot of the Week’s Biggest Winner.
Block (SQ)
It’s never a good thing when your company becomes the target of a noted shortseller. It’s even worse when that shortseller is the renowned Hindenberg Research which released a report alleging that Block (SQ) engages in practices of poor compliance, allows fraud to take place on its platforms, and facilitates criminal activity. Even though the company came out to refute all of the claims, the stock dropped -17.95% this week, easily b[locking] in the spot of the Week’s Biggest Loser.
Portfolio Allocation
Positions
%
Target Position Size
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Portfolio Breakdown
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Year-to-Date Performance
Current Position Performance
Nvidia (NVDA)
+981.78%*
1st Buy 9/6/2016 @ $15.67
Current Per-Share: (-$55.70)*
Apple (AAPL)
+861.50%*
1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$60.72)*
Boeing (BA)
+661.02%*
1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$179.40)*
Tesla (TSLA)
+515.44%*
1st Buy 3/12/2020 @ $37.10
Current Per-Share: (-$48.28)*
Skyworks (SWKS)
+507.84%*
1st Buy 1/31/2020 @ $113.60
Current Per-Share: (-$35.11)*
Block (SQ)
+501.60%*
1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$75.30)*
Nike (NKE)
+467.85%*
1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$10.55)*
IDEXX Labs (IDXX)
+432.41%*
1st Buy 7/26/2017 @ $167.29
Current Per-Share: (-$220.95)*
Logitech (LOGI)
+400.83%
1st Buy 11/11/2016 @ $24.20
Current Per-Share: $10.64
Disney (DIS)
+208.97%
1st Buy 2/14/2012 @ $41.70
Current Per-Share: $30.45
JP Morgan (JPM)
+88.13%
1st Buy 10/26/2017 @ $102.30
Current Per-Share: $66.40
Meta (META)
+81.78%*
1st Buy 9/16/2017 @ $128.58
Current Per-Share: -($323.00)*
Take Two (TTWO)
+76.47%
1st Buy 10/9/2018 @ $128.40
Current Per-Share: $66.95
Dow (DOW)
+74.61%
1st Buy 5/13/2019 @ $53.18
Current Per-Share: $29.66
Salesforce (CRM)
+65.63%
1st Buy 6/11/2018 @ $134.05
Current Per-Share: $114.75
Berkshire (BRK.B)
+59.23%
1st Buy 8/2/2019 @ $199.96
Current Per-Share: $187.77
Amazon (AMZN)
+32.43%
1st Buy 2/6/2018 @ $69.15
Current Per-Share: $74.10
SoFi (SOFI)
+30.45%
1st Buy 11/22/2022 @ $4.80
Current Per-Share: $4.40
Morgan Stan (MS)
+29.27%
1st Buy 4/25/2022 @ $83.50
Current Per-Share: $64.94
Visa (V)
+26.84%
1st Buy 5/9/2022 @ $194.00
Current Per-Share: $174.27
Zoetis (ZTS)
+10.62%
1st Buy 6/13/2022 @ $157.55
Current Per-Share: $148.42
Alphabet (GOOGL)
+8.76%
1st Buy 9/16/2022 @ $101.93
Current Per-Share: $96.95
Roblox (RLBX)
-3.60%
1st Buy 9/29/2021 @ $77.00
Current Per-Share: $45.05
Schwab (SCHW)
-17.10%
1st Buy 4/18/2022 @ $76.30
Current Per-Share: $64.25
Dutch Bros (BROS)
-19.35%
1st Buy 9/20/2021 @ $42.25
Current Per-Share: $35.50
Twilio (TWLO)
-35.49%
1st Buy 8/8/2019 @ $125.71
Current Per-Share: $95.35
Rivian (RIVN)
-54.29%
1st Buy 11/12/2021 @ $127.00
Current Per-Share: $29.80
Canopy (CGC)
-57.78%
1st Buy 5/24/2018 @ $29.53
Current Per-Share: $4.50
Coinbase (COIN)
-67.39%
1st Buy 4/14/2021 @ $412.47
Current Per-Share: $208.00
* 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
Nvidia (NVDA): Profit-Taking
Nvidia’s (NVDA) epic run continued this week despite the negative price action following Wednesday’s Federal Reserve meeting. On Thursday, Nvidia triggered my next sell order which filled at $274.38, locking in basically no gains selling shares I bought for $274.51 back on January 7, 2022 (the stock’s meager dividend means there was a tiny gain but too negligible to be concerned with).
Why did I sell shares for basically what I bought them for?
Simple. Nvidia sold off far more than I expected in 2022 and has now risen to such a level that it has far exceeded the allocation target for the portfolio. In fact, even after the sale, Nvidia is still in excess of the 7.14% allocation target for the portfolio.
The sale lowered my per-share “cost” -$16.38 from -$39.32 to -$55.70 (a negative per-share cost indicates all capital has been removed in addition to $55.70 per share added to the portfolio’s bottom line in addition to each share’s current value).
From here, my next sell target is $312,65 just under a key point of past resistance, and my next buy target is $155.93, above a past point of support.
NVDA closed the week at $267.79, down -2.40% from where I took profits 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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