May 31, 2019
Target Position Size
Desired Cash On-Hand
Current Position Performance
Cypress Semi (CY)
1st Buy 4/16/2016 @ $8.20
1st Buy 2/14/2012 @ $79.58
1st Buy 8/5/2016 @ $11.10
1st Buy 9/6/2016 @ $63.10
1st Buy 4/18/2013 @ $56.38
1st Buy 2/14/2012 @ $26.71
1st Buy 2/14/2012 @ $41.70
Canopy Growth (CGC)
1st Buy 5/24/2018 @ $29.53
IDEXX Labs (IDXX)
1st Buy 7/26/2017 @ $167.29
GW Pharma (GWPH)
1st Buy 7/25/2018 @ $142.28
1st Buy 6/11/2018 @ $134.05
1st Buy 2/6/2018 @ $1378.96
1st Buy 11/11/2016 @ $24.20
1st Buy 11/6/2018 @ $120.87
JP Morgan (JPM)
1st Buy 10/26/2017 @ $102.30
1st Buy 1/28/2019 @ $40.50
1st Buy 10/26/2017 @ $74.06
Take Two Inter (TTWO)
1st Buy 7/30/2018 @ $120.99
1st Buy 5/13/2019 @ $111.57
1st Buy 5/3/2019 @ $53.18
1st Buy 5/1/2019 @ $188.97
* Indicates a position where the capital investment was sold.
Divide position’s current price by gains to calculate initial buy price
Highlights from the Week
Biggest Winner: Cypress Semiconductor (CY)
Cypress Semiconductor (CY) announced that other parties have expressed interest in acquiring the company, causing the maker of auto infotainment and mobile phone components to skyrocket +15.19% in the midst of a disastrous market selloff.
Cypress has been a long-time favorite of Get Irked, and this outstanding performance doesn’t just solidify it as the Biggest Winner of the Week, but likely the Biggest Winner of 2019.
If Cypress does get taken over, we’ll certainly be happy to take the profits, but this dividend-paying tech stock will leave a gaping hole in our portfolio if it gets taken out.
Biggest Loser: Canopy Growth Corp (CGC)
Analysts have been foretelling a “popping of the bubble” in cannabis stocks, and this week may signify the start as Canopy Growth Corp (CGC), our #1 consumer cannabis play, got slammed for -9.37% this week earning it the spot of this week’s Biggest Loser.
This Week’s Moves
3M (MMM): Added to Position
3M (MMM) continues its downward descent triggering a buy order of ours at $161.58 during Wednesday’s trading. Due to the depths of its extreme decline, we are adding very small amounts with Wednesday’s purchase lowering our per-share cost to $173.60 from $176.60, a decrease of -1.70% but a total decrease of -8.133% from our first purchase at $188.97.
Our next target is significantly lower than here at $148.56, a decrease of more than -8% from these levels, as losing the current levels indicates a loss of key support.
3M closed the week at $159.75, down -1.13% from Wednesday’s order.
Dow (DOW): Added to Position
Despite the market bouncing off its lows on Thursday, Dow (DOW) kept heading lower where it triggered a buy order at $48.24 lowering our per-share cost to $50.99. On Friday, Trump’s announcement to raise tariffs on Mexico sent every stock lower, giving us the opportunity to add even more at $47.44 and lowering our per-share cost to $50.45
With a dividend nearing 6%, we have a target buy to add more Dow at $44.66.
Dow closed the week at $46.76, down -1.43% from Friday’s buy.
Square (SQ): Added to Position
We added to Square (SQ) at $64.43 during Wednesday’s market selloff, replacing shares we took profit in back in January at $69.72, capturing profits of 7.58% on the sale.
The fintech sector has been holding up exceptionally well during the market selloff and Square is our Best-of-Breed play in the space. We have an additional buy target much lower at $51.43 should the market selloff push prices to December 2018 lows. That final order will replace 1/3 of shares we took profit in at $68.58 back in July 2018, potentially capturing a gain of 25% and filling our maximum overbought allocation for this position.
Square closed the week at $61.95, down -3.85% from our Wednesday buy.
Want Further Clarification?
As always, if you have questions about any of our positions or have positions of your own that you’re curious about – feel free to leave a comment below!
See you next week!
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.