February 17, 2023
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)
DraftKings (DKNG) entered the week as the underdog but between the Super Bowl returns and an outstanding revenue beat, DKNG popped an amazing +28.46% during a mediocre week in the markets, easily earning DraftKings the spot of the Week’s Biggest Winner.
U.S. Natural Gas (UNG)
Never, ever trust a bottom. That’s one of my key rules, and in the case of the U.S. Natural Gas Fund (UNG), it was once again reinforced. Inflation scares made oil prices drop on fear of decreasing demand which, in turn, caused natural gas prices to drop. UNG crashed -11.82% to a new all-time low this week and earned itself of 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)
+545.64%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($135.01)*
Yeti (YETI)
+370.56%*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$45.80)*
Pinterest (PINS)
+356.42%*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($29.14)*
Virgin Galactic (SPCE)
+179.51%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$3.60)*
Las Vegas Sands (LVS)
+164.10%*
1st Buy: 8/12/2021 @ $40.50
Current Per-Share: -($10.44)*
Carnival Cruise (CCL)
+148.00%
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $4.56
Airlines ETF (JETS)
+81.26%*
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: -($2.68)*
Uranium ETF (URA)
+25.15%
1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $17.66
Zillow (Z)
-7.57%
1st Buy: 11/18/2021 @ $57.13
Current Per-Share: $49.65
U.S. Natural Gas (UNG)
-11.25%
1st Buy: 1/30/2023 @ $9.30
Current Per-Share: $8.75
DraftKings (DKNG)
-34.48%
1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $31.35
SPY 3/3 400-398 Puts
-40.88%
Cost: $0.7442
Current Value: $0.44
Golden Mine. (AUMN)
-41.78%
1st Buy: 7/29/2021 @ $0.5316
Current Per-Share: $0.4277
Palantir (PLTR)
-42.48%
1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $16.00
Canadian Pal (DCNNF)
-43.85%
1st Buy: 7/19/2021 @ $0.1000
Current Per-Share: $0.0691
Grow Gen. (GRWG)
-70.16%
1st Buy: 10/30/2020 @ $16.04
Current Per-Share: $15.65
Danimer Sci (DNMR)
-74.15%
1st Buy: 10/20/2021 @ $15.00
Current Per-Share: $8.55
Fabled Gold (FBSGD)
-87.42%
1st Buy: 7/23/2021 @ $0.5180
Current Per-Share: $0.4135
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Total Profit / Original Capital Investment
This Week’s Moves
DraftKings (DKNG): Profit-Taking
DraftKings (DKNG) rocketed higher on Friday after reporting a blowout quarter on Thursday evening, triggering my next sell at $21.16. Once again, readers may notice that I’m selling below my current per-share cost, however this is something I feel I must do as I believe DKNG will pull back due macroeconomic concerns in the coming weeks and months.
The sale did lock in +59.10% in gains on shares I bought for $13.30 a while back on April 28, 2022, and, as I said, raised my per-share cost +4.85% from $29.90 to $31.35.
From here, I will not sell until I can take actual profits (y’know, ones that lower my cost basis), which means waiting until $43.60, below a key level of past resistance. I will start adding back to the position in earnest if it pulls back to $10.95, a past point of support.
DKNG closed the week at $20.54, down -2.93% from where I took profits.
U.S. Natural Gas (UNG): Added to Position
I added more to my U.S. Natural Gas (UNG) position on Friday, when inflation readings made it apparent that we’re likely heading into recession and the price of both oil and natural gas fell.
UNG actually gapped-down to open at a new all-time low where my buy order filled at $7.88. The small buy lowered my per-share cost -0.57% from $8.80 to $8.75. From here, my next buy target is $7.37, a price calculated using the Fibonacci Method, and my next sell target is $10.58, just under a key point of past resistance.
UNG closed the week at $7.76, down -1.52% from where I added.
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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