January 21, 2022
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
Golden Minerals (AUMN)
Only the precious metals had anything to write home about this week, and that means Golden Minerals (AUMN), one of my super-speculative gold plays, saw the biggest gains in an absolute sea of red this week, popping +7.89%. These hard-fought gains definitely earned under AUMN the spot of the Week’s Biggest Winner.
Danimer Sci (DNMR)
As if a down market weren’t bad enough for a speculative play like Danimer Scientific (DNMR), management decided to announce that it would be converting a few hundred million dollars of bonds, diluting the company’s shares. DNMR was positively walloped, losing -31.63% this week alone and capping off YTD drop of -46.71%. Take the Week’s Biggest Loser spot, DNMR, take it! YOWTCH!
Target Position Size
Current Position Performance
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($29.02)
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$142.16)*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($13.05)*
Carnival Cruise (CCL)
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $6.64
Virgin Galactic (SPCE)
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$9.90)*
Tradeweb Mkts (TW)
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: -($23.59)*
Airlines ETF (JETS)
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: $11.82
Las Vegas Sands (LVS)
1st Buy: 8/12/2021 @ $40.50
Current Per-Share: $31.50
Uranium ETF (URA)
1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $19.80
Golden Mine. (AUMN)
1st Buy: 7/29/2021 @ $0.5316
Current Per-Share: $0.4443
1st Buy: 11/18/2021 @ $57.13
Current Per-Share: $57.13
1st Buy: 6/9/2021 @ $28.50
Current Per-Share: $24.87
1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $22.95
1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $36.55
Danimer Sci (DNMR)
1st Buy: 10/20/2021 @ $15.00
Current Per-Share: $11.90
Grow Gen. (GRWG)
1st Buy: 10/30/2020 @ $16.04
Current Per-Share: $20/35
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Total Profit / Original Capital Investment
This Week’s Moves
Danimer Scientific (DNMR): Added to Position x 2
Danimer Scientific (DNMR) continued to be a disaster this week, dropping below the $6.00 mark and then the $5.00 mark, too, where it triggered buy orders that filled at $5.85 on Wednesday and $4.75 on Friday, giving me an average buying price of $5.30.
The combined orders lowered my per-share cost -8.46% from $13.00 to $11.90. My next buy target is at $3.65, another price determined by Fibonacci Resistance Method, and my next sell target is $12.80, slightly below a pop where I’m focusing more on reducing my allocation size than taking profits.
While many professionals would say I’m “trying to catch a falling knife” by buying DNMR in stages as it sells off, I ward off a lot of the risk by only buying tiny quantities. Once DNMR established consistent price history, I may increase my quantities, but, for the moment, the entire position is being kept stupidly small intentionally to limit the downside risk.
DNMR closed the week at $4.54, down -14.34% from my average buy.
DraftKings (DKNG): Added to Position
It’s funny. I had a commenter on YouTube tell me that DraftKings (DKNG) would never make it near $20 and then proceed to ask me how new was I to the markets (I started in the markets in 1998 for anyone who cares…). When bulls attack bulls for not being bullish enough, that’s almost certainly the sign of a market top, and this time was no different as DraftKings (DKNG) hit my next buy target on Thursday with an order that filled at $20.60.
The buy lowered my per-share cost -9.84% from $40.54 to $36.55 per share. From here, my next buy target is $16.10, near a past point of support, and my next sell target is $63.75, near the high of DKNG’s last bull rally in 2021.
DKNG closed the week at $19.46, down -5.53% from where I added Thursday.
GrowGeneration (GRWG): Added to Position
GrowGeneration’s (GRWG) epic selloff didn’t stop this week with the stock plumbing new 52-week lows and triggering a buy order which filled on Wednesday at $8.85. The buy lowered my per-share cost -5.35% from $21.50 to $20.30.
From here, my next price target to add to the position is $6.55, a past point of support, and my next sell target is $25.35, a point of resistance from GRWG’s last significant bull rally.
GRWG closed the week at $7.75, down -12.43% from where I added Wednesday.
Las Vegas Sands (LVS): Profit-Taking
In a sea of red in the markets, Las Vegas Sands (LVS) and the rest of the gambling gaming cohort continued taking off this week. LVS triggered a sell order I had in place which filled on Wednesday at $44.70, lowering my per-share cost -12.26% from $35.90 to $31.50.
The order locked in +24.58% in gains on shares I bought less than two months ago at $35.88 on November 30, 2021. From here, my next buy target is $33.90, above the low of the last selloff, and my next sell target is $66.50, right below LVS’s 2021 high from its last bull rally.
LVS closed the week at $43.75, down -2.13% from where I took profits Wednesday.
Virgin Galactic (SPCE): Added to Position
When Virgin Galactic (SPCE) dropped to $9.33 on Tuesday – pennies away from my $9.20 buy price target – I raised my price on Wednesday to pick up some shares at $9.50. The order raised my per-share “cost” from -$19.60 to -$9.90 (a negative per-share cost indicates all capital has been removed from the position and each share instead adds $9.90 to the portfolio’s bottom line in addition to the value of each share).
The buy order locked in a whopping -82.96% discount replacing some of the shares I sold for $55.74 back on June 25, 2021. From here, my next price target is $6.90, SPCE’s all-time low since coming public, where I will replace even more of the shares I sold last year. However, it’s important to remember that even though I have buy targets below $6.90, I will never put capital back into this position – I will only use the profits I’ve taken out of the position so I don’t turn this winning trade into a loser. My next sell target is $40.60, slightly below a consistent level of resistance for the stock.
SPCE closed the week at $8.47, down -10.42% from where I added Wednesday.
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.