Canopy Growth (CGC): **Final Buy**

Canopy Growth Corporation (CGC) returned to its selloff when analyst reports showed that the company’s forecasts for future revenue were likely too positive, throwing the already-beaten down stock into a further tailspin.

Canopy Growth Corporation (CGC) triggered my next – and final – buy on Friday which filled at $1.03. To be clear, this is the last purchase I’m making in Canopy. No matter how low it goes from here, I will not add more. I have locked in the maximum amount I am willing to lose, so, from here, Canopy either recovers or goes bankrupt. Yikes.

The buy lowered my per-share cost -9.09% from $4.40 to $4.00. From here, my next sell target is $4.47, slightly under the high Canopy saw in its rally in December 2022.

CGC closed the week at $1.05, up -1.94% from where I added Friday.

Dutch Bros (BROS): Added to Position x 2

On Wednesday, Dutch Bros (BROS) sold off when its Tuesday evening quarterly report revealed revenues that missed the target. I remain confident in Dutch Bros as one of my best long-term investments as this company’s locations blow the doors off the place. While some analysts fear BROS may be growing a bit too fast, I believe its management will get the growth in-line.

My first small buy order filled Wednesday morning at $29.90 followed by a second small buy which filled on Thursday at $27.50, giving me an average buying price of $28.70. The combined buys lowered my per-share cost -2.25% from $35.50 to $34.70. From here, my next buy target is $24.72, around a past point of support. My next sell target is $40.30, quite a bit under BROS’ 2023 high of $41.44.

BROS closed the week at $26.02, down -9.33% from my $28.70 average buying price.

Nvidia (NVDA): Profit-Taking

On Monday, Nvidia (NVDA) made another run over $290.00, exceeding the allocation target for the portfolio by such a margin that I had to take profits to reduce its allocation size with a sale that went through at $290.20.

The sale locked in +1,751.95% in gains selling shares I bought for $15.67 back on September 6, 2016 and lowered my per-share “cost” -$19.06 from -$55.69 to -$74.75 (a negative per-share cost indicates all capital has been removed in addition to $74.75 per share added to the portfolio’s bottom line in addition to each share’s current value).

From here, my next sell target is $323.17, right around past point of resistance where Nvidia will once again substantially exceed my portfolio’s allocation target, and my next buy target is $199.13, above a past point of support.

NVDA closed the week at $283.40, down -2.34% from where I took profits Monday.

Twilio (TWLO): Added to Position

Twilio (TWLO) sold off substantially following a disappointing earnings report and continued selling off later in the week triggering my next buy which filled on Friday at $45.85.

The buy locked in a -61.57% discount replacing some of the shares I sold for $119.32 back on January 21, 2020 and lowered my per-share cost -5.19% from $95.35 to $90.40. From here, my next buy target is $44.20, above a past point of support, and my next sell target is $79.60, just under its high from earlier in 2023.

TWLO closed the week at $45.83, down -$0.02 from where I added Friday.