April 19, 2024

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The Week’s Biggest Winner & Loser

Arm Holdings (ARM)

When ASML (ASML), the manufacturer of semiconductor manufacturing equipment, came out with a disappointing quarter, it destroyed nearly every semi company in the sector. In the case of Investments in Play, Arm Holdings (ARM) got smacked the worst, dropping an eye-watering -30.98% in a single week, easily becoming the Week’s Biggest Loser in the portfolio.

Portfolio Allocation

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Current Position Performance

Dutch Bros (BROS)

-9.32%

1st Buy 9/20/2021 @ $42.25
Current Per-Share: $33.05

Roblox (RLBX)

-16.18%

1st Buy 9/29/2021 @ $77.00
Current Per-Share: $42.15

Shopify (SHOP)

-20.71%

1st Buy 2/12/2024 @ $91.00
Current Per-Share: $87.90

Snowflake (SNOW)

-29.70%

1st Buy 2/12/2024 @ $231.00
Current Per-Share: $206.90

Twilio (TWLO)

-36.34%

1st Buy 8/8/2019 @ $125.71
Current Per-Share: $90.40

Rivian (RIVN)

-63.89%

1st Buy 11/12/2021 @ $127.00
Current Per-Share: $23.90

Canopy (CGC)

-79.90%

1st Buy 5/24/2018 @ $295.30
Current Per-Share: $39.50

This Week’s Moves

Coinbase (COIN): Profit-Taking

With Bitcoin crashing to new lows and Coinbase (COIN) careening toward my cost basis, I decided to use stop-loss limit orders to trim some of the position if it broke toward Tuesday’s lows. On Wednesday, my stop was triggered and I sold 20.00% of my position at $216.79.

While the sale did lock in +7.67% in gains on shares I bought for $201.35 back on January 21, 2022 and lowered my per-share cost -0.38% from $213.54 to $212.73, that wasn’t the point of the sale – this is all about risk management. Since I believe Bitcoin could see a pretty severe pullback of anywhere between -30% to -77% from its current all-time high, that means Coinbase could pull back severely, too.

From here, my next buy target is $119.10, above a past point of support and a level that Coinbase saw only three months ago. I will wait to take profits until Coinbase makes new highs with my next sell target at $362.65, just below a key point of resistance Coinbase last saw in 2022.

COIN closed the week at $211.01, down -2.67% from where I took profits Wednesday.

Salesforce (CRM): Dividend Reinvestment

Salesforce (CRM) paid out its first-ever quarterly dividend last Friday. While not much – it only lowered my per-share cost -0.20% from $88.20 to $88.08 after reinvestment – I’ll never complain about receiving a dividend.

There’s a lot of talk from the professionals about how dividends are actually no better – and some even say worse – than stock buybacks. The argument goes that when companies buy back shares, that means fewer shares outstanding which means the earnings-per-share increases… effectively the same thing as a dividend. But, for me, I like to visually see my share-count increasing. 

From here, my next buy target remains at $250.89, above a past point of support, and my next sell target is beyond CRM’s all-time high at $352.80, a price calculated using the Fibonacci Method.

Disclaimer: Eric “Irk” Jacobson and all other Get Irked contributors are not investment or financial advisers. All strategies, trading ideas, and other information presented comes from non-professional, amateur investors and traders sharing techniques and ideas for general information purposes.

As always, all individuals should consult their financial advisers to determine if an investing idea is right for them. All investing comes with levels of risk with some ideas and strategies carrying more risk than others.

As an individual investor, you are accountable for assessing all risk to determine if the strategy or idea fits with your investment style. All information on Get Irked is presented for educational and informational purposes only.