May 5, 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) reported great revenue generation exceeding analyst expectations in its quarterly report this week, causing the stock to pop +12.09% in very shaky market conditions. As a result, DKNG was the Week’s Biggest Winner.
Lyft (LYFT)
Lyft’s (LYFT) brand-new CEO did not impress during this week’s quarterly earnings report. Not only did revenue come in lighter than analysts had hoped for, the new CEO doubled-down on growth-over-profits, not exactly what investors are looking for in an environment where credit is tightening. As a result, LYFT dropped -15.80% for the week, easily parking in the spot for the 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)
+574.62%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$135.01)*
Yeti (YETI)
+378.22%*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$45.80)*
Airlines ETF (JETS)
+354.62%
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: 3.95
Pinterest (PINS)
+333.67%*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($29.14)*
Virgin Galactic (SPCE)
+130.91%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$3.00)*
Carnival Cruise (CCL)
+119.88%
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $4.56
Uranium ETF (URA)
+13.99%
1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $17.66
Zillow (Z)
-1.95%
1st Buy: 11/18/2021 @ $57.13
Current Per-Share: $49.65
Lyft (LYFT)
-8.68%
1st Buy: 3/2/2023 @ $9.75
Current Per-Share: $9.45
Regional Banks ETF (KRE)
-11.48%
1st Buy: 3/13/2023 @ $44.17
Current Per-Share: $43.33
Short SPY (SPXU)
-3.56`%
1st Buy: 3/9/2023 @ $14.75
Current Per-Share: $13.75
Short QQQ (QID)
-7.03%
1st Buy: 3/7/2023 @ $20.20
Current Per-Share: $18.75
DraftKings (DKNG)
-21.59%
1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $31.35
U.S. Natural Gas (UNG)
-25.21%
1st Buy: 1/30/2023 @ $9.30
Current Per-Share: $8.25
Golden Mine. (AUMN)
-27.70%
1st Buy: 7/29/2021 @ $0.5316
Current Per-Share: $0.3097
Canadian Pal (DCNNF)
-47.18%
1st Buy: 7/19/2021 @ $0.1000
Current Per-Share: $0.0691
Palantir (PLTR)
-53.67%
1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $16.00
Danimer Sci (DNMR)
-61.70%
1st Buy: 10/20/2021 @ $15.00
Current Per-Share: $8.55
Grow Gen. (GRWG)
-75.70%
1st Buy: 10/30/2020 @ $16.04
Current Per-Share: $14.90
Fabled Gold (FBSGF)
-89.99%
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
Short SPY ETF (SPXU): Profit-Taking
The selloff in the S&P 500 this week flipped my short position in the ProShares UltraShort SPY ETF (SPXU) into profit and triggered my first sell order which filled on Thursday at $14.15, locking in +7.93% in gains on shares I bought for $13.11 on April 28, 2023 and lowering my per-share cost -0.36% from $13.80 to $13.75.
From here, my next sell target is $15.55, slightly under a past point of resistance, and my next buy target is $12.55, slightly above a past point of support.
SPXU closed the week at $13.26, down -6.29% from where I took profits.
U.S. Natural Gas (UNG): Added to Position
The U.S. Natural Gas Fund (UNG) drilled down to new depths on Wednesday, triggering my next buy order which filled at $6.25. The buy locked in a -36.42% discount on shares I sold for $9.83 on March 3 and lowered my per-share cost -2.94% from $8.50 to $8.25.
From here, my next buy target is $5.25, a price calculated using the Fibonacci Method, and my next sell target is $8.65, slightly under a key point of resistance UNG has seen in the past.
UNG closed the week at $6.17, down -1.28% from where I added Wednesday.
