August 26, 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
Uranium ETF (URA)
Despite the Inflation Reduction Act passing some time ago, it took until this week for investors to wake up and realize that nuclear power is, in effect, a clean energy source. As a result, the Uranium ETF (URA) jumped +10.95% on a week that ended up very down, a remarkable-enough feat to earn it the spot of the Week’s Biggest Winner.
DraftKings (DKNG)
It’s hard enough to be a speculative stock in a bad week, but even harder in DraftKings’ (DKNG) case when its competitor, FanDuel, announced that it would be launching a dedicated sports-gambling television network. DKNG finished the week down -8.88%, cinching its spot as 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)
+571.63%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($132.50)
Yeti (YETI)
+355.48%*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$45.80)*
Pinterest (PINS)
+340.73%*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($13.50)*
Virgin Galactic (SPCE)
+167.52%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$5.65)*
Tradeweb Mkts (TW)
+160.51%*
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: -($23.54)*
Airlines ETF (JETS)
+70.40%
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: $10.40
Carnival Cruise (CCL)
+30.64%
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $7.64
Las Vegas Sands (LVS)
+17.98%
1st Buy: 8/12/2021 @ $40.50
Current Per-Share: $32.15
Uranium ETF (URA)
+23.06%
1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $17.70
Wendy’s (WEN)
-18.63%
1st Buy: 6/9/2021 @ $28.50
Current Per-Share: $23.83
Golden Mine. (AUMN)
-34.55%
1st Buy: 7/29/2021 @ $0.5316
Current Per-Share: $0.4277
Zillow (Z)
-37.04%
1st Buy: 11/18/2021 @ $57.13
Current Per-Share: $54.10
DraftKings (DKNG)
-40.75%
1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $27.90
Palantir (PLTR)
-52.99%
1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $16.90
Danimer Sci (DNMR)
-55.20%
1st Buy: 10/20/2021 @ $15.00
Current Per-Share: $10.00
Grow Gen. (GRWG)
-70.18%
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)
+250.37%*
1st Buy: 3/6/2020 @ $76.94
Current Per-Share: -($0.06)*
General Electric (GE)
+67.90%*
1st Buy: 12/12/2018 @ $54.80
Current Per-Share: -($63.21)*
Canadian Pal (DCNNF)
-30.25%
1st Buy: 7/19/2021 @ $0.1000
Current Per-Share: $0.0691
Fabled Gold (FBSGF)
-46.61%
1st Buy: 7/23/2021 @ $0.1036
Current Per-Share: $0.0827
Actual Cash
34.57%
This is the actual amount of cash when
accounting for the positions in this table.
This Week’s Moves
Pinterest (PINS): Profit-Taking
Pinterest (PINS) rallied hard with the rest of the market on Thursday, jumping up and triggering my next sell order which filled at $23.70. The sale locked in +15.33% in gains on shares I bought for $20.55 on April 21, and lowered my per-share “cost” $4.65 from -$8.85 to -$13.50 (a negative per-share cost indicates all capital has been removed in addition to $13.50 per share added to the portfolio’s bottom line in addition to each share’s current value).
From here, my next buy target is $16.90, a bit above PINS’ 2022 lows, and my next sell target is $38.40, a past point of resistance.
PINS closed the week at $23.08, down -2.62% from where I took profits Thursday.
Uranium ETF (URA): Profit-Taking
After lagging the passage of the “Inflation Reduction Act” a few weeks ago, the price of uranium finally took off when the rest of the clean energy sector rebounded on Thursday. The Uranium ETF (URA) triggered my next sell order which filled on Thursday at $22.72.
The order locked in meager gains of just +0.62% selling shares I bought for $22.58 back at the beginning of the year on January 14. The ETF sold off much more than I anticipated throughout this year, so it was important for me to get my per-share cost back under where I started the position, which this sale allowed.
My per-share cost dropped -4.32% from $18.50 to $17.70, now -1.50% lower than where I first opened the position at $17.97 on February 23, 2021.
From here, my next sell target is around $28.30, just below the high of a few previous bull rallies, and my next buy target is $17.40, slightly above a past point of support.
URA closed the week at $21.78, down -4.14% 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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