October 21, 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 - October 21, 2022

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The Week’s Biggest Winner & Loser

Carnival Cruise Lines (CCL)

Despite winning last week, the cruiselines kept on cruising this week with Carnival Cruise Lines (CCL) landing its first two-in-a-row (in a positive way) in quite some time. CCL finished the week up +14.87%, even throwing the position into positive territory for the portfolio and sliding in with the Week’s Biggest Winner spot.

Danimer Scientific (DNMR)

In a week where almost everything went up, Danimer Scientific (DNMR) stunk up the joint once more, dropping yet another -5.46% and landing in as the Week’s Biggest Loser… again. (Man, this is an awful stock…)

Portfolio Allocation

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Positions

%

Target Position Size

Get Irked - Speculation in Play - Current Holdings - October 21, 2022

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Portfolio Breakdown

Get Irked - Year-to-Date Performance - Investments in Play vs. Speculation in Play - 2022 Year-to-Date Performance

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Year-to-Date Performance

Current Position Performance

AMD (AMD)

+453.82%*

1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($30.00)

Pinterest (PINS)

+326.01%*

1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($13.50)*

Yeti (YETI)

+320.82%*

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

Virgin Galactic (SPCE)

+144.16%*

1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$4.45)*

Tradeweb Mkts (TW)

+132.75%*

1st Buy: 4/8/2019 @ $39.22
Current Per-Share: -($23.51)*

Airlines ETF (JETS)

+60.88%

1st Buy: 5/14/2020 @ $11.30
Current Per-Share: $10.40

Las Vegas Sands (LVS)

+30.67%

1st Buy: 8/12/2021 @ $40.50
Current Per-Share: $29.90

Uranium ETF (URA)

+15.09%

1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $17.70

Carnival Cruise (CCL)

+9.93%

1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $7.45

Wendy’s (WEN)

-14.78%

1st Buy: 6/9/2021 @ $28.50
Current Per-Share: $23.68

Golden Mine. (AUMN)

-38.01%

1st Buy: 7/29/2021 @ $0.5316
Current Per-Share: $0.4277

Zillow (Z)

-38.79%

1st Buy: 11/18/2021 @ $57.13
Current Per-Share: $47.85

Palantir (PLTR)

-50.89%

1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $16.90

DraftKings (DKNG)

-52.65%

1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $27.90

Danimer Sci (DNMR)

-76.56%

1st Buy: 10/20/2021 @ $15.00
Current Per-Share: $9.60

Grow Gen. (GRWG)

-80.33%

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)

+267.65%*

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

General Electric (GE)

+66.70%*

1st Buy: 12/12/2018 @ $54.80
Current Per-Share: -($63.08)*

Canadian Pal (DCNNF)

-41.97%

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

Fabled Gold (FBSGF)

-63.72%

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

Actual Cash

35.07%

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

This Week’s Moves

Home, home on the range…

Whenever the market trades rangebound (trading between a specific high and a specific low without breaking either direction), it’s important for both traders and investors to properly evaluate their gameplans.

For traders, capitalizing on the range can be extremely profitable as long as they keep position sizing and risk management as top priorities in their trading plans.

For investors, rangebound price action can be extremely frustrating. With stocks not rising to levels where profit-taking would be prudent, but not dropping to levels where we can add to our positions, our plan of action remains the same… do nothing.

As always, remember: don’t just stand there, do nothing. In other words, never forget that doing nothing is a legitimate gameplan. Unfortunately, it’s an incredibly boring gameplan, so if you can’t handle the tedium, a good strategy is to check your portfolio less frequently so you won’t be tempted to take action when there is no legitimate action to take.

Such was the case with the Speculation in Play portfolio this week. *YAWN*

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.