February 21, 2020 

The Week's Biggest Winner & Loser

Yeti (YETI)

Despite a good quarterly report, the short-sellers continue to slam down Yeti (YETI), causing the company to lose -3.23% this week and earning it the title of Biggest Loser.

Portfolio Allocation

Current Position Performance

This Week’s Moves

Pinterest (PINS): Profit-Taking

After Facebook (FB) announced its copycat app for Pinterest (PINS) last week, I've been carefully managing the profits I have in this position.

PINS tried to snap its tight leash on Monday, breaking through a few key levels with me selling a substantial portion of my shares at an average price of $22.96. The sales reduced my per-share cost by -14.84% from $21.76 to $18.53. 

If Pinterest falls below $20.77, its most recent weekly monthly low (and a low since before its excellent earnings report), I'll be closing my position with a lifetime gain target in the range of 8-9%. A market-wide sell-off is one thing, but even with Facebook's (FB) history of not actually beating off competitors with copycats, there's simply too much downside risk in this stock to turn a profit into a loss.

PINS closed the week at $22.48, down -2.09% from my average selling price.

Yeti (YETI): Added to Position

Despite thinking I had waited too long to take profits in Yeti (YETI) last week, it turns out I hadn't as shorts continued to push down the stock despite the company reporting some damn decent earnings with their last quarterly report.

I replaced some of the shares I sold last week when Yeti dropped below $32 on Monday, buying at $31.83. The order captured a discount of -8%  from some of the shares I sold just last week at $34.60.

I'm still playing with the house's money in this name, even after Monday's buy, but I will definitely add more if it drops through $30.

 YETI closed the week at $31.78, down -0.16% from where I added on Monday.