June 9, 2023
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The Week’s Biggest Winner & Loser
SoFi Technologies (SOFI)
O.K. I’ve been doing Get Irked for nearly 5 years now so I’ve seen some really weird coincidences, but this week both Investments in Play and Speculation in Play have the exact same Winners & Losers they had last week.
I know. I can’t explain it either.
So, it’s Deja Vu all over again as the rally that SoFi Technologies (SOFI) saw last week continued throughout this week, adding another +16.52% to this outstanding fintech – an amazing achievement during a week when the S&P gained just +0.39% – and easily locking in SOFI as the Biggest Winner for the second week in a row.
Canopy Growth Corp (CGC)
It’s a damn good thing that stocks stop going down at zero because that’s exactly where Canopy Growth Corporation (CGC) and the rest of the cannabis sector seem to be headed in a big hurry.
Canopy continued to break down even more this week, digging the pits of all-time lows, dropping yet another -17.95% on what was an otherwise mild week in the markets.
As I’ve said repeatedly, I am not adding anything more to my position in CGC, and with it landing in the spot of the Week’s Biggest Loser over and over again, I am preparing myself to say goodbye to every dollar I put in this downtrodden mess of a company.
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)
+1321.44%*
1st Buy 9/6/2016 @ $15.67
Current Per-Share: (-$162.57)*
Apple (AAPL)
+942.84%*
1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$68.60)*
Boeing (BA)
+695.72%*
1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$179.40)*
Tesla (TSLA)
+632.03%*
1st Buy 3/12/2020 @ $37.10
Current Per-Share: (-$48.28)*
Logitech (LOGI)
+523.54%*
1st Buy 11/11/2016 @ $24.20
Current Per-Share: -($0.81)*
Block (SQ)
+517.28%*
1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$75.30)*
Skyworks (SWKS)
+474.39%*
1st Buy 1/31/2020 @ $113.60
Current Per-Share: (-$34.93)*
Nike (NKE)
+415.96%*
1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$10.52)*
IDEXX Labs (IDXX)
+411.13%*
1st Buy 7/26/2017 @ $167.29
Current Per-Share: (-$220.95)*
Disney (DIS)
+201.91%
1st Buy 2/14/2012 @ $41.70
Current Per-Share: $30.45
Salesforce (CRM)
+144.08%
1st Buy 6/11/2018 @ $134.05
Current Per-Share: $88.20
JP Morgan (JPM)
+113.90%
1st Buy 10/26/2017 @ $102.30
Current Per-Share: $65.92
Take Two (TTWO)
+100.22%
1st Buy 10/9/2018 @ $128.40
Current Per-Share: $66.95
SoFi (SOFI)
+94.77%
1st Buy 11/22/2022 @ $4.80
Current Per-Share: $4.20
Meta (META)
+90.89%*
1st Buy 9/16/2017 @ $128.58
Current Per-Share: -($323.00)*
Amazon (AMZN)
+84.28%
1st Buy 2/6/2018 @ $69.15
Current Per-Share: $67.00
Berkshire (BRK.B)
+78.54%
1st Buy 8/2/2019 @ $199.96
Current Per-Share: $187.77
Dow (DOW)
+74.47%
1st Buy 5/13/2019 @ $53.18
Current Per-Share: $29.66
Morgan Stan (MS)
+34.03%
1st Buy 4/25/2022 @ $83.50
Current Per-Share: $64.34
Alphabet (GOOGL)
+29.28%
1st Buy 9/16/2022 @ $101.93
Current Per-Share: $94.55
Visa (V)
+28.54%
1st Buy 5/9/2022 @ $194.00
Current Per-Share: $173.93
Zoetis (ZTS)
+14.48%
1st Buy 6/13/2022 @ $157.55
Current Per-Share: $142.46
Roblox (RLBX)
-13.85%
1st Buy 9/29/2021 @ $77.00
Current Per-Share: $44.90
Schwab (SCHW)
-14.00%
1st Buy 4/18/2022 @ $76.30
Current Per-Share: $63.95
Dutch Bros (BROS)
-16.05%
1st Buy 9/20/2021 @ $42.25
Current Per-Share: $34.70
Twilio (TWLO)
-29.31%
1st Buy 8/8/2019 @ $125.71
Current Per-Share: $90.40
Rivian (RIVN)
-53.45%
1st Buy 11/12/2021 @ $127.00
Current Per-Share: $29.80
Coinbase (COIN)
-74.36%
1st Buy 4/14/2021 @ $412.47
Current Per-Share: $208.00
Canopy (CGC)
-83.07%
1st Buy 5/24/2018 @ $29.53
Current Per-Share: $4.00
* 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
SoFi Technologies (SOFI): Profit-Taking
The run in SoFi Technologies (SOFI) didn’t stop this week, with the student loan consolidator, bank, and brokerage triggering my next sell order which filled at $8.18 on Thursday, locking in +91.12% in gains on some of the shares I bought for $4.28 back on December 28, 2022 and lowering my per-share cost -3.45% from $4.35 to $4.20.
As a result of now lowering my cost basis below SOFI’s all-time low, I have decided I will add back into the position at $4.46, slightly above SOFI’s selloff low in May (which, of course, will raise my cost basis). My next sell target is $10.32, slightly below a past point of resistance where I expect SOFI to pull back.
SOFI closed the week at $8.18, unchanged from where I took profits Thursday.
Visa (V): Dividend Reinvestment
Visa (V) paid out its quarterly dividend last Friday which, after reinvesting for compounding, lowered my per-share cost -0.20% from $174.27 to $173.93. From here, my next buy target is now $175.08, above a past level of support, and I have no sell targets at this time as Visa remains a very small part of the portfolio and I’m looking at building it up, not selling it off.
Zoetis (ZTS): Dividend Reinvestment
Zoetis (ZTS) paid out its quarterly dividend last Friday evening which, after reinvestment, lowered my per-share cost -0.27% from $142.85 to $142.86. From here, my next buy target is now $141.77, above a past level of support, and my next sell target is $201.05, under a past level of resistance.
See you next week!
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