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).

Virgin Galactic (SPCE)

Virgin Galactic’s (SPCE) seemingly never-ending tailspin continued this week with the stock plummeting an additional -10.48%, a total collapse of -41.26% Year-to-Date.

This drop easily won SPCE the spot of the Week’s Biggest Loser, but there’s no end in sight for its crash-landing, so stay tuned to see if it’s next week’s Biggest Loser, too.

Uranium ETF (URA): Profit-Taking

The Uranium ETF (URA) has been on a positive tear for several weeks now, and, while I do still believe in the long-term prospects of the sector, I believe this run will absolutely correct soon so I decided it was time to trim some of my position with a sell order that went through on Wednesday at $25.66, locking in +12.94% in gains on shares I bought for $22.72 back on December 14, 2021.

I sold 18.78% of my position and lowered my per-share cost -10.48% from $17.66 down to $15.81. From here, my next buy target is $19.21, slightly above the low URA saw in May 2023, and my next sell target is $31.48, slightly below the high URA saw in 2021.

URA closed the week at $26.70, up +4.05% from where I took profits Wednesday.

Virgin Galactic (SPCE): Added to Position

Virgin Galactic (SPCE) crashed down significantly over the past week and eventually triggered my next buy order on Tuesday which filled at $2.00. The adds 8.33% to my position and locked in a -95.04% discount on shares I sold for $40.36 on January 26, 2021.

The buy also raised my per-share “cost” +$0.35 from -$2.55 to -$2.20 (a negative per-share cost indicates all capital has been removed in addition to $2.20 per share added to the portfolio’s bottom line in addition to each share’s current value).

 From here, my next buy target is $1.30, a price calculated using the Fibonacci Method, and my next sell target is $41.00, slightly below SPCE’s first all-time high in February 2020.

SPCE closed the week at $2.05, up +2.50% from where I added on Tuesday.

Zillow (Z): Profit-Taking

Between the overvalued and potentially weakening residential real estate sector and the fact Zillow (Z) was losing support this week, I decided to take profits and reduce my exposure with a sell order which went through on Thursday at $48.91.

While the order only locked in +2.56% in gains and lowered my per-share cost just -1.26% from $48.30 to $47.69, it served the more important purpose of mitigating risk. Given that Zillow hit a low of $26.14 less than a year ago, it felt prudent to reduce my allocation just in case we head into that kind of weakness again.

From here, my next buy target is $31.21, a point of support has seen many times in the past, and I will hold the remainder of my position until we see where the economy takes us from here.

Z closed the week at $47.43, down -3.03% from where I took profits Thursday.