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).

Virgin Galactic (SPCE)

Despite launching its founder, Sir Richard Branson, into space last week, Virgin Galactic (SPCE) was positively destroyed when the company announced Monday that it would be liquidating existing shares by dumping $500 million in additional shares and warrant on the market. 

The undeniably bad news decimated the stock, knocking it down -38.62% in a single week with no end in sight. Is there no parachute on this thing???

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. 

Is the market rolling over?

This week was tough for all positions, but particularly hard on those of a speculative nature like those in the Speculation in Play portfolio. With lots of negative inflation news and a bout of COVID potentially slowing the global economic reopening, is the market rolling over?

Given how we haven’t seen a significant correction or selloff since October – nearly a year ago – you could certainly believe we’re due for something massive in the coming weeks and months.

Personally, I would recommend a market-wide selloff. Not only do we need to cool off the investing fervor that has taken over many sectors in the market, I’d love to have the opportunity to add to my positions at lower levels.

Even after this week’s disastrous performance, we’re only JUST beginning to near some of the price targets for positions in this portfolio. Maybe next week will continue to spice up the markets and I’ll actually make some moves…???