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).

Las Vegas Sands (LVS)

As if the delta variant of Covid-19 wasn’t bad enough, this week China came out swinging, announcing that it would start cracking down on casinos in Macau, basically the Las Vegas of China.

Many of the casino stocks, Las Vegas Sands (LVS) included, have locations in Macau and any regulation on those sites would devastate their earnings. 

While LVS was much lower during the week, it still got slammed -8.77% to earn itself the spot of the Week’s Biggest Loser.

No Moves This Week… Ponderous?

While it’s certainly not unusual for me to go a week or two without making moves in my portfolios, this week was particularly strange for Speculation in Play as I did end up making FIVE buys in my typically more conservative Investments in Play portfolio but absolutely nothing in my Speculation in Play portfolio.

I did review all of my price targets for my speculative positions and I don’t think I’m being too careful – this is just another example of the hidden complexity of the market. While you might think a market-wide selloff would slam speculative plays, in particular, sometimes that’s just not the case.

However, since September is shaping up to be what everyone expects – a historically weak time in the market – I wouldn’t be surprised if I have several opportunities to add to my speculative positions between now and the end of the month so stay tuned!