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).

GrowGeneration (GRWG)

Despite recovering a bit from Congress’s failure to pass the SAFE Banking Act last year, cannabis once again became one of the most hated sectors this week with GrowGeneration (GRWG) dropping -7.97% and earning the spot of the Week’s Biggest Loser.

Airlines ETF (JETS): Profit-Taking x 2

The airlines have positively taken off (*pun intended*) over the past few weeks, and since I had decided to start trimming positions and freeing up capital substantially across-the-board in the Speculation in Play portfolio, I sold some of my shares when they crossed the $20.11 mark on Tuesday.

On Thursday, I decided to sell take the rest of my capital out of the position with a stop-loss sale that went through at $19.80, giving me an average selling price of $19.96 and reducing my per-share cost from $8.54 to -$2.68 (a negative per-share cost indicates all capital has been removed in addition to $2.68 per share added to the portfolio’s bottom line in addition to each share’s current value).

From here, my next sell target is $24.06, just below JETS’ high from 2021, and my next buy target is $16.04, above a key point of past support.

JETS closed the week at $20.27, up +1.55% from my $19.96 average sell price.

Carnival Cruise Lines (CCL): Profit-Taking x 2

It was time to reduce my position in Carnival Cruise Lines (CCL) when the stock was rejected from its 200-Day Moving Average (MA) on Wednesday with a sale that went through at $10.63, reducing my per-share cost -8.57% from $7.00 down to $6.40, just above CCL’s $6.11 low made in 2022.

On Thursday, I decided to clear even more CCL out of my portfolio with a stop-loss sale that went through at $10.08, giving me an average $10.26 selling price and reducing my per-share cost an additional -28.75% from $6.40 to $4.56.

From here, my next sell target is $23.61, below a key point of past resistance, and my next buy target is $6.19, above a key point of support from 2022’s selloff.

CCL closed the week at $10.48, up +2.14% from my $10.26 average selling price.

Chevron (CVX): *Closed Position: +281.15%*

Just like many of the other positions I took profits in this week, I decided it was time to say goodbye to Chevron (CVX) entirely as it started to rally toward its all-time high once more. I closed the position on Tuesday with a sale at $180.45.

The sale gave me lifetime gains of +281.15%, an annualized gain of +99.23% all due to the generational buying opportunity that was opening a position in Chevron during its death-drop from the bottoms of the pandemic in 2020.

CVX closed the week at $180.90, up +0.25% from where I closed it Tuesday.

DraftKings (DKNG): Profit-Taking

With the Speculation in Play portfolio up over +8% just in 2023 alone at the end of last week, I decided it was time to start taking profits. On Tuesday, DraftKings (DKNG) triggered my next sell order which filled at $13.94.

While the sale actually raised my per-share cost +7.17% from $27.90 to $29.90, it served the more important role of locking in +34.04% in gains on shares I bought on May 11, 2022 for $10.40, as well as increasing capital for use if DKNG tests its 2022 lows.

From here, my next sell target is $21.16, below DKNG’s high in August 2022, and my next buy target is $10.74, just above DKNG’s recent low in December.

DKNG closed the week at $13.88, down -0.43% from where I took profits Tuesday.

General Electric (GE): *Closed Position: +79.93%*

With General Electric (GE) approaching its 2021 highs and having rallied nearly +35% since spinning off its GEHealthcare subsidiary only a few weeks ago, I decided it was time to fully liquidate this position which had been stored in my “Cash Position” up until now.

My sale went through at $79.96 on Tuesday, closing out the position and giving me lifetime gains of +79.93% over the five years I’ve held it. Annualized that’s a +15.99% yearly gain – not bad at all considering the volatility of the markets over that time.

GE closed the week at $77.68, down -2.85% from where I closed it Tuesday.

Las Vegas Sands (LVS): Profit-Taking

It was time to take profits in Las Vegas Sands after it had become so overbought that I started getting nervous. My sale went through on Tuesday at $54.14, locking in +50.89% in gains on shares I bought for $35.88 on November 30, 2021.

The sale fully removed all of the remaining capital out of the position, reducing my per-share cost -$33.26 from $21.85 down to -$10.44 (a negative per-share cost indicates all capital has been removed in addition to $10.44 per share added to the portfolio’s bottom line in addition to each share’s current value).

From here, my next sell target is $66.56, just under LVS’ high from 2021, and my next buy target is $34.04, above a key point of past resistance.

LVS closed the week at $54.57, up +0.79% from where I took profits Tuesday.

Pinterest (PINS): Profit-Taking

No position seemed exempt from my profit-taking efforts to increase my cash hoard to protect against what I see as an impending market-wide selloff.

On Thursday, Pinterest (PINS) filled a sell order at $25.60 that lowered my per-share cost -$15.64 from -$13.50 to -$29.14 (a negative per-share cost indicates all capital has been removed in addition to $29.14 per share added to the portfolio’s bottom line in addition to each share’s current value).

From here, my next sell target is MUCH higher at $65.70 as I am comfortable with the position’s size at this point. My next buy target is $17.00, slightly above PINS lows from 2022.

PINS closed the week at $26.60, up +3.91% from where I took profits Thursday.

Tradeweb Markets (TW): *Closed Position: +164.61%*

Tradeweb Markets (TW) is one of those positions that I almost never hear talked about… anywhere, yet, it was also one of the most lucrative positions in the portfolio in addition to maintaining impressive resilience during downturns. However, in the spirit of making the Speculation in Play portfolio more… well… speculative… this year, I wanted to close my beloved TW position.

On Tuesday, TW triggered my sell order which filled at $72.71, giving me $164.61% in lifetime gains in the position, annualized out to +43.89% per year over the nearly four years I’ve held this position.

TW closed the week at $72.25, down -0.63% from where I closed it Tuesday. 

Zillow (Z): Profit-Taking

When Zillow’s (Z) rally started to feel overbought on Tuesday, it was time to take profits with a sell order which filled at $42.45. Like DraftKings (DKNG), this sale actually raised my cost basis since I sold below my per-share cost, increasing my cost basis +3.76% from $47.85 to $49.65.

However, Zillow had rallied dramatically from its 2022 lows. In fact this sale locked in +45.88% in gains selling the shares I bought for $29.10 back on September 23, 2022. 

From here, my next sell target is much higher at $88.95, a past point of resistance (and a sell target which is obviously subject to change). My next buy target is $28.65, quite a bit above Zillow’s 2022 lows at $26.14, but also above a very key point of past support in the stock.

Z closed the week at $43.16, up +1.67% from where I took profits Tuesday.