June 5, 2020

Get Irked - Investments in Play - June 5, 2020

Click above image for larger version

The Week’s Biggest Winner & Loser

Boeing (BA)

As state economies reopened, people started traveling… in a big way. So big, in fact, that Boeing (BA) saw an epic +40.85% pop, locking in its spot as the week’s Biggest Winner by a HUGE margin over #2, Citigroup (C), which “only” gained +22.86%.

Take Two Interactive (TTWO)

Now that everyone can go outside and travel again, investors think people will stop buying video games, slamming the space with Take Two Interactive (TTWO) dropping -5.33% in the midst of the rally, earning itself the Biggest Loser of the Week.

Portfolio Allocation

Click charts for enlarged versions

Positions

%

Target Position Size

Get Irked - Investments in Play - Current Holdings - June 5, 2020

Click above image for larger version

Portfolio Breakdown

Get Irked - Year-to-Date Performance - Investments in Play vs. Speculation in Play - 2020 Year-to-Date Performance

Click above image for larger version

Year-to-Date Performance

Current Position Performance

Disney (DIS)

+695.39%

1st Buy 2/14/2012 @ $41.70
Current Per-Share: $17.95

Boeing (BA)

+667.50%*

1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$372.32)*

Square (SQ)

+533.95%*

1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$40.70)*

Apple (AAPL)

+529.97%*

1st Buy 4/18/2013 @ $56.38
Current Per-Share: (-$172.20)*

Take Two (TTWO)

+412.91%

1st Buy 10/9/2018 @ $128.40
Current Per-Share: $31.22

Nike (NKE)

+405.23%*

1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$25.20)*

Nvidia (NVDA)

+354.83%*

1st Buy 9/6/2016 @ $63.10
Current Per-Share:  (-$15.00)*

Twilio (TWLO)*

+212.94%*

1st Buy 8/8/2019 @ $125.71
Current Per-Share: (-$16.25)*

IDEXX Lab (IDXX)

+191.38%

1st Buy 7/26/2017 @ $167.29
Current Per-Share: $106.98

Salesforce (CRM)

+117.59%

1st Buy 6/11/2018 @ $134.05
Current Per-Share: $79.91

Logitech (LOGI)

+97.75%

1st Buy 11/11/2016 @ $24.20
Current Per-Share: $29.27

Tesla (TSLA)

+90.98%

1st Buy  3/12/2020 @ $556.49
Current Per-Share: $463.75

IBM (IBM)

+79.59%

1st Buy 11/6/2018 @ $120.87
Current Per-Share: $73.54

Skyworks (SWKS)

+56.96%

1st Buy 1/31/2020 @ $113.60
Current Per-Share: $86.75

Berkshire (BRK.B)

+41.09%

1st Buy 8/2/2019 @ $199.96
Current Per-Share: $142.22

JP Morgan (JPM)

+23.75%

1st Buy 10/26/2017 @ $102.30
Current Per-Share: $89.88

GW Pharm (GWPH)

+15.57%

1st Buy 7/25/2018 @ $142.28
Current Per-Share: $110.87

Citigroup (C)

+13.28%

1st Buy 10/26/2017 @ $74.06
Current Per-Share: $51.96

Canopy (CGC)

+12.70%

1st Buy 5/24/2018 @ $29.53
Current Per-Share: $14.65

Dow (DOW)

+8.62%

1st Buy 5/13/2019 @ $53.18
Current Per-Share: $40.48

* Indicates a position where the capital investment was sold.
Profit % for * positions = Total Profit / Original Capital Investment

A negative share price indicates the dollar amount of profit for each share currently held.

This Week’s Moves

Apple (AAPL): Profit-Taking

It’s another one of those weeks when I have to take profits and really don’t want to – the market’s exuberance is, in my opinion, completely unfounded and doesn’t take into account any of the risks facing it.

So, on Tuesday, when Apple once again made a stab for its all-time high, I decided it was time to take more profits at $322.33, locking in +23.99% in gains on shares I bought on February 28 for $259.97.

From here, I have no additional sell targets unless Apple makes some ridiculous move over $400. My next buy target is at $243.90, a past point of support.

 AAPL closed the week at $331.50, up +2.85% from where I sold Tuesday.

Citigroup (C): Profit-Taking

Citigroup (C) skyrocketed with the financials and the rest of the market throughout the week, triggering multiple sell targets on Wednesday, Thursday, and Friday filling with an average selling price of $56.62.

The sales lowered my per-share cost -1.53% from $52.77 to $51.96, but, more importantly, took +52.25% in gains on a few of the shares I bought during the selloff at an average $37.19 price.

My next sell target is $64.65 and my buy target on the stock is $48.60.

C closed the week at $58.86, up +3.96% from my average selling price.

Disney (DIS): Profit-Taking

Just like Apple (AAPL) and Nike (NKE), Disney (DIS) is another core holding that’s very difficult for me to take profits in, however, on Wednesday, Disney re-tested resistance over $120, leading me to sell some at $121.59.

The sale order locked in +40.75% in gains on shares purchased way back on March 18 (kidding – it’s just less than 3 months ago) for $86.39 and lowers my per-share cost -19.43% from $22.28 to $17.95.

My next sell target for DIS is a past point of resistance around $137.50 and my next buy target is around $104.25.

DIS closed the week at $124.82, up +2.66% from where I sold Wednesday. 

Dow Chemical (DOW): Profit-Taking

Dow Chemical (DOW) skyrocketed on Friday along with the rest of the industrial sector (and the entire market), triggering a sell order I had in place at $45.15.

The sale locked in +97.33% in profits on a few of the shares I bought for $22.88 back on March 12, and lowered my per-share cost negligibly -0.15% to $40.48 from $40.54.

My next sell target is in the $49-50 range and my next buy target is $33.90.

DOW closed the week at $43.97, down -2.61% from where I sold Friday.

Skyworks Solutions (SWKS): Profit-Taking

Skyworks Solutions (SWKS) rose closer to its all-time high near $130.00 on Tuesday, prompting me to take profits a bit lower at $120.75. 

Tuesday’s sale locks in +66.12% of gains on some of the shares I bought on March 16 for $72.69 and lowered the per-share cost for my position -1.68% from $88.23 to $86.75.

I don’t currently have additional sell targets for this long-term position, but my next buy target is at $86.90, a previous point of support.

SWKS closed the week at $136.16, up +12.76% from where I sold Tuesday. 

Square (SQ): Profit-Taking

The markets continued to shrug off any potential bad news on Tuesday, with a rise in stocks triggering a sell order I had in place on Square (SQ) which filled at $84.77, locking in +87.09% in gains on shares I bought on March 16 for $45.31.

On Wednesday, Square (SQ) continued its remarkable rally, triggering a second sell target I had $89.50, locking in +97.53% in gains on more of the shares I bought on March 16 at $45.31. The multiple sales gave me an average selling price of $87.14, a gain of +92.32% on the March 16 buy.

My next sell target is $93.30 and my next buy target is $56.75-$57.00.

SQ closed the week at $89.93, up +3.20% from my average selling price.

Take Two Interactive (TTWO): *Reopened Position*

I know how strange it seems that I actually found a position to reopen in the middle of this week’s rally, but Take Two Interactive (TTWO), the leading video game manufacturer of titles including Grand Theft Auto, Red Redemption, and Borderlands, has been absolutely slammed since hitting an all-new high just a week or two ago at $149.26.

As Take Two collapsed in the midst of Wednesday’s rally, I rolled my existing shares (held as profit from the sale of my TTWO position from the Investments in Play portfolio on December 3, 2019) to add TTWO as a new fifth position to my Speculative Basket replacing Cypress Semiconductor (CY) which was purchased two months ago.

The Speculative Basket now includes Berkshire-Hathaway (BRK.B), IBM (IBM), Salesforce (CRM), Take Two (TTWO), and Twilio (TWLO) with the five stocks sharing a single allocation size in the total portfolio.

I reopened TTWO at $130.14, a -12.81% drop from its new all-time high, giving me a per-share cost of $31.22 for the position. My next buy target for TTWO is around $110, a past point of support and resistance.

TTWO closed the week at $128.91, down -0.95% from my buy Wednesday. 

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!

Don't get mad, Get Irked and learn how to invest for yourself!

 

Get Irked is a small community made up of helpful, friendly and motivated investors and traders of all levels looking to reach the same goal – the ability to invest profitably in order to achieve financial independence.

Investors of ALL experience levels are welcome.

Join Get Irked by clicking here!


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.