March 17, 2023
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
Advanced Micro (AMD)
Advanced Micro Devices (AMD) rocketed +18.29% this week as investors rotated out of cyclical investments like financials or industrials and into sectors that can perform no matter the economic climate, like semiconductors. As a result AMD came in as the Week’s Biggest Winner by a large margin.
Virgin Galactic (SPCE)
Just as investors rotated out of cyclicals this week, they also rotated out of growth tech stocks with no income. The leader of this type of stock is almost certainly Virgin Galactic (SPCE) as it still isn’t commercial, yet. As a result, Virgin Galactic crashed -16.30% this week, earning itself the spot of the Week’s Biggest Loser.
Target Position Size
Current Position Performance
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$135.01)*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($29.14)*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$45.80)*
Airlines ETF (JETS)
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: 3.95
Virgin Galactic (SPCE)
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$3.60)*
Carnival Cruise (CCL)
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $4.56
Uranium ETF (URA)
1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $17.66
Short SPY (SPXU)
1st Buy: 3/9/2023 @ $14.75
Current Per-Share: $14.75
1st Buy: 3/2/2023 @ $9.75
Current Per-Share: $9.70
Regional Banks ETF (KRE)
1st Buy: 3/13/2023 @ $44.17
Current Per-Share: $43.70
Short QQQ (QID)
1st Buy: 3/7/2023 @ $20.20
Current Per-Share: $20.05
U.S. Natural Gas (UNG)
1st Buy: 1/30/2023 @ $9.30
Current Per-Share: $8.60
1st Buy: 11/18/2021 @ $57.13
Current Per-Share: $49.65
Golden Mine. (AUMN)
1st Buy: 7/29/2021 @ $0.5316
Current Per-Share: $0.3097
1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $31.35
Canadian Pal (DCNNF)
1st Buy: 7/19/2021 @ $0.1000
Current Per-Share: $0.0691
1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $16.00
Danimer Sci (DNMR)
1st Buy: 10/20/2021 @ $15.00
Current Per-Share: $8.55
Grow Gen. (GRWG)
1st Buy: 10/30/2020 @ $16.04
Current Per-Share: $15.65
Fabled Gold (FBSGF)
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
Airlines ETF (JETS): Added to Position
I decided it was time to replace some of the shares in the Airlines ETF (JETS) that I sold earlier this year when it pulled back on Friday with a buy order that filled at $17.42. The buy locked in a -12.02% discount on shares I sold for $19.80 on January 19, and put capital back into the position, raising my per-share cost +$6.83 from -$2.68 to $3.95.
From here, my next buy target is $14.84, slightly above JETS’ low in 2022, and my next sell target is $21.16, just under its 2023 high.
JETS closed the week at $17.52, up +0.57% from where I added Friday.
Lyft (LYFT): Profit-Taking
Ride-sharing companies Lyft (LYFT) and Uber (UBER) rallied into the end of the week on the back of news that laws in the works may benefit the two companies. As a result, LYFT popped near $10 on Friday where I decided to take profits and trim the position as it sold off much further than I was anticipating.
My sale went through at $9.95 and locked in just +2.05% in gains on shares I bought for $9.75 and lowered my per-share cost just -0.51% from $9.75 to $9.70. As I mentioned, the primary goal of this sale was risk management, not to actually take significant profits.
From here, my next sell target is $12.40, below a past point of resistance, and my next buy target is $8.20, slightly above Lyft’s recent low.
LYFT closed the week at $10.06, up +1.11% from where I took profits Friday.
Short QQQ (QID): Added to Position
When the NASDAQ (QQQ) bounced and saw a bit of a relief rally later in the week, it pushed the UltraShort ProShares QQQ inverse ETF (QID) down to my next buy target which filled on Thursday at $20.05.
The buy only lowered my per-share cost -0.25% from $20.20 to $20.15 as I wanted more exposure to potential downside risk as this newfound market volatility has motivated me to have more hedges on, particularly in my speculative portfolio.
From here, my next buy target is $18.55, right at a key point of past support, and my next sell target is $22.45, just under a past point of resistance.
QID closed the week at $19.56, down -2.44% from where I added Thursday.
SPDR Regional Banking ETF (KRE): *New Position*
After the FDIC shut down Silicon Valley Bank (SVIB) on Friday and then took out Signature Bank on Sunday, the SPDR Regional Banking ETF (KRE) was sent into freefall once more on Monday, so, naturally, I decided this was a good time to (SLOWLY!) start a position in the battered ETF.
My first buy filled at $44.17 Monday morning. On Thursday, I decided to increase my tiny allocation with a second buy at $43.23 which lowered my per-share cost -1.06% from $44.17 to $43.70.
From here, my next buy target is $37.25, slightly above a past point of key support, and my next sell target is $56.90 just above a gap-fill that KRE might bounce to if it sees a sudden relief rally soon.
KRE closed the week at $43.44, down -0.59% from my $43.70 average buy.
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.