Pinterest (PINS)

Pinterest (PINS) got positively slaughtered after reporting earnings and announcing that its audience wasn’t growing nearly as fast as it needs to in order to be considered a growth stock with long-term prospects. PINS got slammed -11.49% to snag the Week’s Biggest Loser spot.

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. 

How to Survive Boredom… Another Week of Nothing

Yep, here’s another week where absolutely nothing happened in the Speculation in Play portfolio. No buys. No sells. Nothing. In fact, the last time anything happened in this portfolio was during the week ending April 2.

What do I do to prevent myself from doing something stupid? I re-evaluate my trading strategies… a lot. On an almost daily basis (at times), I will look at each of the stocks in my Speculation in Play portfolio and play out different arguments in my head.

• Do I think this company’s earnings will be good or bad?
• Do I think these resistance levels will hold?
• Do I think there are better support levels higher up?
• Is my trading thesis still sound?

Usually, I end up changing nothing.

Years and years of being involved in the stock market has taught me that the best course of action when you don’t know what to do is to do nothing. Sure, it can be boring, but I’ve found boredom is a much preferable feeling to losing money because I was too impatient.