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).

Fabled Co. (FBSGF)

New foray in the portfolio, Fabled Silver-Gold Corporation (FBSGF), a penny stock and a play on commodities, dropped -3.85% this week to earn its first recognition as the Week’s Biggest Loser. Given that it dropped and bounced more than 50% in one minute of trading on Friday, I’d say a -3.85% drop for the week is child’s play for this volatile monstrosity.

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. 

Canadian Palladium (DCNNF): *New Position*

This week, I decided to enter a decidedly super-speculative sector – penny stock commodities. After doing some significant research, I found three companies, all commodity stocks with share prices under $1, and decided to split a single position among the three.

The three stocks are Canadian Palladium Resources Inc. (DCNNF), Fabled Silver Gold Corp (FBSGF), and Golden Minerals Company (AUMN). I must emphasize exactly how stupidly speculative these three stocks are – bad news could, quite literally, zero out the stocks overnight; I’m viewing them as lottery tickets and only attributing the amount of money I’d be willing to lose on the lottery as such.

The first of the three to hit my price target was Canadian Palladium (DCNNF) on Monday, with an order filling at $0.1000 (yes, these stocks price out to ten-thousandth of a penny). From here, my next price target to add more is $0.0800, 20% lower than here.

DCNNF closed the week at $0.1042, up +4.20% from where I opened Monday.

Fabled Silver Gold Corp (FBSGF): *New Position*

As I mentioned above, Fabled Silver Gold Corp (FBSGF) represents a jump into the crazy-speculative penny stock commodity sector along with Canadian Palladium (DCNNF) and, eventually if it hits my price target, Golden Minerals Company (AUMN).

FBSGF triggered a buy order with extremely strange price action on Friday with my order filling at $0.1036. Despite FBSGF going on to the finish the day at $0.1200, the charts show that it dropped precariously to $0.0765 suddenly in ONE minute before bouncing +56.86% the next minute!

Now, strange things regularly happen in the penny stocks, however, I had a second limit order at $0.0766 which did not fill, so I’m chalking this one up to a system glitch at the exchange. If it was something more nefarious, we’ll find out next week, eh?

FBSGF closed the week at $0.1200, up +15.83% from where I opened Friday.

Uranium ETF (URA): Added to Position

The Uranium ETF (URA) sold off on Monday along with the rest of the markets, triggering a buy order I had in place which filled at $19.00. The order locks in a -16.34% discount on shares I sold on June 1 for $22.71 and raises my per-share cost to $16.11, -10.35% below my initial 17.97 purchase price.

Since I think this commodities selloff may have legs, my next buy target for URA is at $14.58, slightly above a past low. I have no current sell orders at the given time.

URA closed the week at $19.36, up +1.89% from where I added Monday.