April 28, 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
Grow Generation (GRWG)
After crashing to a new all-time low this week, Grow Generation (GRWG) pulled the typical cannabis-sector flip-flop, rocketing higher to actually finish the week up +11.40% and becoming the Week’s Biggest Winner. Go figure.
Pinterest (PINS)
Pinterest (PINS) actually reported an upside surprise of a quarterly earnings report this week, however their forward guidance left a lot to be desired. As a result, investors “unpinned” and sold Pinterest down -16.06%, locking it in for 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)
+573.42%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$135.01)*
Yeti (YETI)
+361.15%*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$45.80)*
Airlines ETF (JETS)
+357.66%
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: 3.95
Pinterest (PINS)
+346.91%*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($29.14)*
Virgin Galactic (SPCE)
+131.51%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$3.00)*
Carnival Cruise (CCL)
+102.31%
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $4.56
Uranium ETF (URA)
+13.25%
1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $17.66
Lyft (LYFT)
+8.47%
1st Buy: 3/2/2023 @ $9.75
Current Per-Share: $9.45
Regional Banks ETF (KRE)
-1.53%
1st Buy: 3/13/2023 @ $44.17
Current Per-Share: $43.33
Short SPY (SPXU)
-6.01`%
1st Buy: 3/9/2023 @ $14.75
Current Per-Share: $13.80
Short QQQ (QID)
-6.93%
1st Buy: 3/7/2023 @ $20.20
Current Per-Share: $18.75
Zillow (Z)
-12.31%
1st Buy: 11/18/2021 @ $57.13
Current Per-Share: $49.65
U.S. Natural Gas (UNG)
-17.53%
1st Buy: 1/30/2023 @ $9.30
Current Per-Share: $8.50
Golden Mine. (AUMN)
-25.73%
1st Buy: 7/29/2021 @ $0.5316
Current Per-Share: $0.3097
DraftKings (DKNG)
-30.11%
1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $31.35
Canadian Pal (DCNNF)
-50.80%
1st Buy: 7/19/2021 @ $0.1000
Current Per-Share: $0.0691
Palantir (PLTR)
-51.54%
1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $16.00
Danimer Sci (DNMR)
-63.04%
1st Buy: 10/20/2021 @ $15.00
Current Per-Share: $8.55
Grow Gen. (GRWG)
-77.05%
1st Buy: 10/30/2020 @ $16.04
Current Per-Share: $14.90
Fabled Gold (FBSGF)
-89.21%
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
Grow Generation (GRWG): Added to Position
The cannabis sector continues to get slammed with many stocks making new all-time lows. Grow Generation (GRWG) was no exception, breaking below it’s all-time low on Tuesday and triggering my next buy which filled at $2.90.
The buy lowered my per-share cost -4.79% from $15.65 to $14.90. From here, my next buy target is $2.07, a price calculated using the Fibonacci Method, and my next sell target is $16.50, just below the next point of resistance above my new cost basis.
GRWG closed the week at $3.42, up +17.93% from where I added Tuesday.
ProShares UltraShort QQQ (QID): Added to Position
Tech stocks rallied spectacularly this week, so that meant my inverse QQQ ETF dropped as the NASDAQ rose, triggering my next buy order on Friday which filled at $17.51 and lowered my per-share cost -1.88% from $19.11 to $18.75.
From here, my next buy target is $16.76, above a past level of support, and my next sell target is $19.14, just under a previous point of resistance.
QID closed the week at $17.45, down -0.34% from where I added Friday.
ProShares UltraPro SPY (SPXU): Added to Position
With the S&P 500 continuing to rally, I once again added a bit to my short position using the leveraged inverse ETF from ProShares, SPXU, with a buy on Friday that filled at $13.11. The buy lowered my per-share cost -0.72% from $13.90 to $13.80.
From here, my next buy target is $12.90, slightly above a past point of support, and my next sell target is $14.85, below the 50% retracement of the SPXU’s move down from its March high to the current levels.
SPXU closed the week at $12.97, down -1.07% from where I added Friday.
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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