April 29, 2022

 

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).

Get Irked's Speculation in Play - April 29, 2022

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The Week’s Biggest Winner & Loser

Pinterest (PINS)

At face value, it might seem impressive that Pinterest (PINS) was able to eek out a +4.80% in a week that saw nothing but red, but you have to remember exactly how low this social media mess got smacked last week. Regardless, Pinterest’s halfway-decent earnings report gave it enough of a gain to walk away as this Week’s Biggest Winner.

Palantir (PLTR)

The market hated every stock this week, but none so much as the super-speculative cloud data plays like Palantir Technologies (PLTR). PLTR got absolutely fried to the tune of -12.06% in a week, earning it the spot of the Week’s Biggest Loser.

Portfolio Allocation

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Positions

%

Target Position Size

Get Irked - Speculation in Play - Current Holdings - April 29, 2022

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Portfolio Breakdown

Get Irked - Year-to-Date Performance - Investments in Play vs. Speculation in Play - 2021 Year-to-Date Performance

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Year-to-Date Performance

Current Position Performance

AMD (AMD)

+511.27%*

1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($29.02)

Yeti (YETI)

+401.10%*

1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$45.80)*

Pinterest (PINS)

+312.76%*

1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($8.85)*

Carnival Cruise (CCL)

+226.42%

1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $5.30

Airlines ETF (JETS)

+238.85%

1st Buy: 5/14/2020 @ $11.30
Current Per-Share: $9.00

Virgin Galactic (SPCE)

+187.85%*

1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$7.42)*

Tradeweb Mkts (TW)

+161.46%*

1st Buy: 4/8/2019 @ $39.22
Current Per-Share: -($23.57)*

Uranium ETF (URA)

+24.57%

1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $18.60

Las Vegas Sands (LVS)

+9.49%

1st Buy: 8/12/2021 @ $40.50
Current Per-Share: $32.35

Golden Mine. (AUMN)

-4.37%

1st Buy: 7/29/2021 @ $0.5316
Current Per-Share: $0.4443

Wendy’s (WEN)

-20.04%

1st Buy: 6/9/2021 @ $28.50
Current Per-Share: $24.73

Zillow (Z)

-26.38%

1st Buy: 11/18/2021 @ $57.13
Current Per-Share: $54.10

Palantir (PLTR)

-48.49%

1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $20.20

DraftKings (DKNG)

-55.00%

1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $30.40

Danimer Sci (DNMR)

-65.55%

1st Buy: 10/20/2021 @ $15.00
Current Per-Share: $11.35

Grow Gen. (GRWG)

-67.65%

1st Buy: 10/30/2020 @ $16.04
Current Per-Share: $18.30

* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Total Profit / Original Capital Investment

Cash Position Performance

The below positions are no longer actively covered each week and are instead reflected in the portfolio’s “Cash” position. Many readers mentioned wanting to still see these positions’ ongoing performance so these positions will be updated weekly in the table below.

Chevron (CVX)

+237.95*

1st Buy: 3/6/2020 @ $76.94
Current Per-Share: -($0.06)*

Twitter (TWTR)

+161.12%*

1st Buy: 10/30/2019 @ $29.79
**CLOSED ON 4/25/22**

General Electric (GE)

+67.53%*

1st Buy: 12/12/2018 @ $54.80
Current Per-Share: -($63.21)*

Canadian Pal (DCNNF)

+9.98%

1st Buy: 7/19/2021 @ $0.1000
Current Per-Share: $0.0691

Fabled Gold (FBSGF)

-22.61%

1st Buy: 7/23/2021 @ $0.1036
Current Per-Share: $0.0827

Actual Cash

33.40%

This is the actual amount of cash when
accounting for the positions in this table.

This Week’s Moves

DraftKings (DKNG): Added to Position

DraftKings (DKNG) continued to take it on the chin this week as investors panic-sold any speculative position, particularly those in competitive industries where there are little profits to be had. On Thursday, DKNG triggered a buy order I had in place at $13.30.

The buy lowered my per-share cost -5.74% from $32.25 to $30.40, a total reduction of -42.61% from my initial buy at $52.97 on January 29, 2021. From here, my next buy is $10.70, above a key point of support, and my next sell target is $33.70, just under a key point of past resistance.

DKNG closed the week at $13.68, up +2.86% from where I added Thursday.

Twitter (TWTR): **Closed Position**

If you’ve been watching the news in any way over the past several weeks, you’ve seen Tesla (TSLA) CEO Elon Musk trying to buy Twitter (TWTR) outright with an original offer of $54.20. This week, it appeared as though Musk’s financing might come through, so I decided to close the position entirely at $51.00 on Monday.

Why not wait for Musk’s offer to go through?

Twitter has come under hard times and is likely not worth even remotely close to $54.20. In fact, many analysts argued that if Musk backs out, Twitter will fall back down to $30.00/shr or lower… where it was before Musk came out with his offer.

Since the price where I closed the position is within a stone’s throw of Musk’s actual offer, I decided “one in the hand is worth two in the bush,” closed my position, and took my profits. Sure, I missed out in an additional +6.27% in upside, the potential for more than -41.18% in downside pushed me to take the more prudent approach.

Over the lifetime of this position, originally started with a buy at $29.79/shr on October 30, 2019, I made a total of 161.61% off my Twitter position, about 64.64% per year when annualized across the 30 months I’ve held the position.

TWTR closed the week at $49.02, down -3.88% from where I closed it on Monday.

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!

Don't get mad, Get Irked and learn how to invest for yourself!

 

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.