May 3, 2024
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)
With the DEA recommending cannabis be de-scheduled to Schedule-3 from Schedule-1, the entire cannabis sector exploded to the upside once again this week. However, this time, it was the picks-and-shovels provider that saw all the glory! Grow Generation (GRWG) really… grew… (sorry)… popping +21.17% and coming in as the Week’s Biggest Winner.
Advanced Micro D (AMD)
If you’re in the artificial sector and you’re a semiconductor company, just meeting expectations and setting dull forward guidance is simply not going to cut it. After Advanced Micro Devices’ (AMD) CEO Lisa Su raised their year-end guidance to $4 billion when the Street was expecting $6 billion, investors weren’t having it. As a result, AMD dropped -4.77% in a week that was otherwise great for stocks, easily winning 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)
+781.90%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$556.01)*
Pinterest (PINS)
+456.59%*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: (-$45.39)*
Yeti (YETI)
+380.47%*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$145.01)*
Uranium ETF (URA)
+175.20%
1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $11.20
Virgin Galactic (SPCE)
+73.38%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$1.60)*
Palantir (PLTR)
+65.28%
1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $14.12
Tilray Brands (TLRY)
+50.24%*
1st Buy: 9/21/2018 @ $128.97
Current Per-Share: (-$3.30)*
DraftKings (DKNG)
+46.61%
1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $28.51
Sprott Gold Trust (PHYS)
+21.92%
1st Buy: 6/5/2023 @ $15.25
Current Per-Share: $14.60
The “VIX” (VXX)
-24.99%
1st Buy: 11/2/2023 @ $21.75
Current Per-Share: $17.04
Short SPY (SPXU)
-27.31%
1st Buy: 3/9/2023 @ $73.75
Current Per-Share: $48.04
Short QQQ (QID)
-30.59%
1st Buy: 3/7/2023 @ $101.00
Current Per-Share: $67.33
U.S. Natural Gas (UNG)
-42.39%
1st Buy: 1/30/2023 @ $37.20
Current Per-Share: $27.21
Grow Gen (GRWG)
-80.15%
1st Buy: 10/30/2020 @ $16.04
Current Per-Share: $13.55
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Total Profit / Original Capital Investment
This Week’s Moves
The Volatility “Fear” Index (VXX): Added to Position
When Apple (AAPL) reported a blowout quarter Thursday evening, and, then, the nonfarm payrolls report came in with near-Goldilocks on Friday, the stock market rocketed higher. Conversely, VIX, the Volatility Index also known as “The Fear Index,” plummeted, triggering my next buy order in the VIX Short-Term ETN (VXX) which added +3.97% to my position at $12.79 and lowered my per-share cost -1.50% from $17.30 to $17.04.
As always, let me be clear – this trade in VXX is extremely experimental, hazardous, and quite dumb. Therefore, risk management is critical I am prepared to lose all the money I have in this position entirely.
From here, I do plan to add more to the position at $11.97, slightly below a Fibonacci Retracement level, and I will dramatically reduce my exposure if/when VXX reaches my cost basis at $17.04.
VXX closed the week at $12.78, down -$0.01 from where I added Friday.
