June 11, 2021
Risk Disclaimer
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) narrowly misses a hat trick in space having won two weeks in a row, but losing out to the Uranium ETF (URA) last week. However, SPCE is eager to make up loss ground, locking in a pretty substantial +11.75% gain to win this week.
Carnival Cruise Lines (CCL)
Carnival Cruise Lines (CCL) sank -2.03% this week, and while that’s far from a terrible loss for a stock that’s up nearly 40% this year, it’s big enough that CCL earn itself the spot of the Week’s Biggest Loser.
Portfolio Allocation
Positions
%
Target Position Size
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Portfolio Breakdown
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Year-to-Date Performance
Current Position Performance
Pinterest (PINS)
+677.75%*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($33.69)*
Carnival Cruise (CCL)
+596.45%
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $4.30
Airlines ETF (JETS)
+541.19%
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: $4.87
Yeti (YETI)
+502.29%*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$142.16)*
Virgin Galactic (SPCE)
+291.50%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$18.87)*
AMD (AMD)
+269.59%
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: $22.00
Tradeweb Mkts (TW)
+181.43%*
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: -($128.20)*
Chevron (CVX)
+156.67%*
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: (-$0.07)*
General Electric (GE)
+86.97%*
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: -($1.01)*
Uranium ETF (URA)
+77.40%
1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $13.23
Grow Gen. (GRWG)
+56.27%
1st Buy: 10/30/2020 @ $16.04
Current Per-Share: $27.12
DraftKings (DKNG)
+3.18%
1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $51.50
Palantir (PLTR)
+1.04%
1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $24.42
Wendy’s (WEN)
-11.41%
1st Buy: 6/9/2021 @ $28.50
Current Per-Share: $27.25
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Total Profit / Original Capital Investment
Recovery Speculation Basket
Airlines ETF
JETS
Carnival Cruise
CCLWhat 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
Wendy’s (WEN): *New Position – Meme Madness*
It was bound to happen – I have been watching the “meme madness” (stocks that get a nearly inexplicable adoration from a group of retail investors from Reddit’s Wall Street Bets subgroup) for weeks and refusing to get involved as targets like…
- GameStop (GME): a video game bricks-and-mortar retailer that has an endangered business model
- AMC (AMC): a movie theater chain with tons of debt and an endangered business model
- and BlackBerry (BB): an aging cell-phone company with decent security features but an endangered business model
…got pumped to unreasonably high valuations due a combination of retail fervor and short-sellers being caught off-guard.
However, this week the Wall Street Bets crowd targeted Wendy’s (WEN), the very successful fast-food restaurant chain, and pumped it from around $20 to over $30 in a single day… Tuesday. Additionally, Wendy’s offers what used to be a very generous dividend of $0.40/share.
So, given that this is the Speculation in Play portfolio and many readers come here to see what disasters can come from crazy speculative attempts, I decided to open a position on Wednesday at $28.50 with a small buy.
I’m using the same approach to this position that I do with my Bitcoin and crypto trading using small-quantity buy orders with orders filling throughout Wednesday at $26.70 and $25.30, bringing my per-share cost down -4.39% to $27.25. Even at $27.25, the dividend yield is 1.468% which is not bad. From here, my next buy target is $23.50.
Let the wild ride begin!
WEN closed the week at $24.14, down -11.41% from my per-share cost.
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.
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