December 11, 2020
The positions in this portfolio are incredibly risky and extremely volatile.
No one at Get Irked is a professional financial adviser (or a doctor), so consult with your own financial adviser to see if any of these positions fit your risk profile (and stomach).
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The Week’s Biggest Winner & Loser
Virgin Galactic (SPCE)
Virgin Galactic (SPCE) took off once again, up +11.48% this week following positive analyst coverage and news about upcoming test flights. That earns SPCE its spot as the Week’s Biggest Winner.
Carnival Cruise Lines (CCL)
Carnival Cruise Lines (CCL) got shipwrecked along with many of the other recovery plays following ever-increasing COVID cases and stimulus gridlock in Congress. CCL dropped -9.08% this week, losing all of its winnings from last week and then some, to earn itself notoriety as the Week’s Biggest Loser.
Target Position Size
Current Position Performance
Tradeweb Mkts (TW)
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $7.05
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($58.79)*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$107.72)*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$142.16)*
Virgin Galactic (SPCE)
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: (-0.07)*
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: (-$45.02)*
Grow Gen. (GRWG)
1st Buy: 10/30/2020 @ $16.04
Current Per-Share: (-$0.19)*
Carnival Cruise (CCL)
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: (-1.01)*
Plug Power (PLUG)
1st Buy: 10/30/2020 @ $14.28
Current Per-Share: (-$0.28)*
Airlines ETF (JETS)
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: (-$3.72)*
General Electric (GE)
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $5.07
Revolve Group (RVLV)
1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $18.19
12/31 SPY Put Spreads
Current Value: $0.37
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Gross Profit / Original Capital Investment
Recovery Speculation Basket
What is the Recovery Speculation Basket?
The Recovery Speculation Basket (“Recovery Spec”) represents stocks that will thrive if vaccines are released quickly and we return to normal but have the likelihood of collapsing if more lockdowns occur. These positions are too speculative to have their own allocation and share a single allocation.
Currently, my Recovery Spec stocks are as follows: the Airlines Exchange Traded Fund (JETS) and Carnival Cruise Lines (CCL). They are listed as a single allocation in the portfolio breakdown chart each week.
This Week’s Moves
General Electric (GE): Profit-Taking
General Electric (GE) continued its upward climb this week, triggering a sell order on Friday which took profits on some shares at $11.22. The sale locked in +102.53% in gains on a few of the shares I bought for $5.54 on May 13, and also lowered my per-share cost -9.46% from $5.60 to $5.07.
From here, I’m eyeing my next sale to take the remainder of my capital and some profits out of the position as it nears $13.00. I’ve decided to hold off adding back to the position since my per-share cost is now below GE’s all-time low.
GE closed the week at $11.16, down -0.53% from where I sold Friday.
Tradeweb Markets (TW): Profit-Taking
When Tradeweb Markets (TW) started to reach the $65 mark, a past point of resistance, on Friday, I decided it was time to take profits, selling a few of my shares at $64.85. The sale locked in +25.56% in gains on shares I bought back on August 10 for $51.65 and lowered my per-share cost -67.16% from $21.47 to $7.05.
My next sell target is around $75.00 – a point predicted by inverse Fibonacci Retracement – where I will pull out my remaining capital and some profits before letting the rest of the position ride. My next buy target is around $50.00, a past point of strong support.
TW closed the week at $64.86, basically unchanged from where I sold Friday.
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!
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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.