Tradeweb Markets (TW)

Given Tradeweb Markets (TW) performance since it IPO’ed in 2019, it’s hard to call it the week’s Biggest Loser as it dropped less than one percent (-0.91%). However, given that it’s the only negative position in the portfolio, TW is this week’s #1 loser.

Gossamer Bio (GOSS): Added to Position

The bottom fell out on Gossamer Bio (GOSS) again on Monday, with the stock plummeting more than -5% in trading and triggering a buy order I had placed at a Fibonacci Retracement level targeting $13.42 which filled at $13.44.

Unfortunately, GOSS continued to drop before finding support at $13.19. The buy order lowered my per-share cost by -1.86% from $14.51 to $14.24.

For the moment, I am holding steady on my position with no additional adds until we see where GOSS goes from here since biopharmas can easily lose more than 70% from their highs which gives GOSS a potential price target of around $8.15, 70% less than its $27.15 high. My first sell target for the stock is around $22.30-$22.40, a past point of significant resistance.

GOSS closed the week at $14.34, up +8.72% from where I bought Monday. 

Pinterest (PINS): Profit-Taking

Pinterest (PINS) caught fire this week after several analysts and pundits pointed to it as a good long-term investment in the social media space.

Since I have a bit of a substantial position (relative to the rest of the portfolio) in the stock, I used a trailing stop to sell about 8% of my allocation when it pulled back to $22.28 on Wednesday.

The sale lowered my per-share cost by a marginal -0.23% from $21.80 to $21.75 but frees up a bit of capital to add back if PINS pulls back from its pop.

My next sell target is $24.79 and my next buy target is $19.82.

PINS closed the week at $23.00, up +3.23% from where I sold on Wednesday.