August 5, 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).
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The Week’s Biggest Winner & Loser
DraftKings (DKNG)
Funny how things not going as badly as everyone expected they were can lead to huge upward movement in stocks. Take DraftKings (DKNG), for example, which got a lift from its competitors when they reported surprisingly not-as-bad-as-feared earnings reports, followed by DKNG knocking the ball out of the park with its own report. This caused DKNG to pop a whopping +30.81% this week and earned it the spot of the Week’s Biggest Winner.
Yeti (YETI)
Just like better-than-feared can cause a stock to pop, worse-than-feared can definitely cause a stock to drop. Yeti (YETI) missed on earnings, gave weak forward guidance, and slipped a not-insignificant -11.48% this week, causing the company to earn the spot of the Week’s Biggest Loser.
Portfolio Allocation
Positions
%
Target Position Size
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Portfolio Breakdown
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Year-to-Date Performance
Current Position Performance
AMD (AMD)
+600.08%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($132.50)
Yeti (YETI)
+384.41%*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$45.80)*
Pinterest (PINS)
+334.26%*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($8.85)*
Virgin Galactic (SPCE)
+178.75%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$5.65)*
Tradeweb Mkts (TW)
+158.44%*
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: -($23.54)*
Airlines ETF (JETS)
+75.60%
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: $10.40
Carnival Cruise (CCL)
+28.68%
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $7.64
Las Vegas Sands (LVS)
+19.35%
1st Buy: 8/12/2021 @ $40.50
Current Per-Share: $32.15
Uranium ETF (URA)
+15.33%
1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $18.50
Wendy’s (WEN)
-12.34%
1st Buy: 6/9/2021 @ $28.50
Current Per-Share: $23.83
Golden Mine. (AUMN)
-28.00%
1st Buy: 7/29/2021 @ $0.5316
Current Per-Share: $0.4443
Zillow (Z)
-31.50%
1st Buy: 11/18/2021 @ $57.13
Current Per-Share: $54.10
Palantir (PLTR)
-32.24%
1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $16.90
DraftKings (DKNG)
-35.63%
1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $27.90
Danimer Sci (DNMR)
-52.70%
1st Buy: 10/20/2021 @ $15.00
Current Per-Share: $10.00
Grow Gen. (GRWG)
-70.60%
1st Buy: 10/30/2020 @ $16.04
Current Per-Share: $16.50
* 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)
+235.40%*
1st Buy: 3/6/2020 @ $76.94
Current Per-Share: -($0.06)*
General Electric (GE)
+67.42%*
1st Buy: 12/12/2018 @ $54.80
Current Per-Share: -($63.21)*
Fabled Gold (FBSGF)
-22.61%
1st Buy: 7/23/2021 @ $0.1036
Current Per-Share: $0.0827
Canadian Pal (DCNNF)
-31.55%
1st Buy: 7/19/2021 @ $0.1000
Current Per-Share: $0.0691
Actual Cash
31.96%
This is the actual amount of cash when
accounting for the positions in this table.
This Week’s Moves
Advanced Micro Devices (AMD): Profit-Taking
Advanced Micro Devices (AMD) rallied this week despite reporting slightly disappointing forward guidance, challenging its 150-Day Moving Average (MA) where I took profits with a sale that went through on Thursday at $103.48.
The sale locked in +16.01% in gains on shares I bought back on January 27, 2021 for $89.20 and lowered my per-share “cost” -$103.48 from -$29.02 to -$132.50 (a negative per-share cost indicates I have taken all capital out of the position in addition to $132.50 in profits per share which add to the portfolio’s bottom line).
With all the positive price action, some of my readers might be confused why I would take profits in an oversold sector like semiconductors. Check out this week’s YouTube video for more, but the reason is seasonality – the market sells off between 5-25% more than 90% of the time between August’s high and October’s low, particularly in recent years (the only exception since 2012 being 2017, a single year). Accordingly, I’d rather be conservative and take profits in AMD so I can add back in should it test its 2022 lows.
From here, I have no additional sell targets in this super-successful position and my next buy target is $72.00, above AMD’s $71.60 low of 2022.
AMD closed the week at $102.31, down -1.13% from where I took profits Thursday.
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.
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