May 1, 2020
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
Carnival Cruise Lines (CCL)
Carnival Cruise Lines (CCL) once again earns a spot as the week’s Biggest Winner, jumping +16.96% this week (we’ll just ignore the fact that it’s still down -72.59% for the year, ok?)
AMD (AMD)
Despite reporting a darn good quarter, AMD (AMD) got slammed this week for -11.21% to earn itself the spot as the week’s Biggest Loser. Some analysts point to the fact that AMD pulled guidance, but so did the rest of the companies reporting. This isn’t the last we’ve heard from AMD…
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)*
+524.73%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($60.21)*
Virgin Galactic (SPCE)*
+309.10%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
Tradeweb Mkts (TW)
+109.40%
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $24.80
Yeti (YETI)
+92.51%
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: $13.54
Pinterest (PINS)
+65.05%
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: $11.97
Chevron (CVX)
+59.87%
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $55.95
Carnival Cruise (CCL)
+30.84%
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $10.65
Twitter (TWTR)
+10.27%
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: $25.25
SPY Put Spreads 5/29
-7.87%
Cost: $0.9932
Current Value $0.925
General Electric (GE)
-15.58%
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $7.70
Revolve Group (RVLV)
-52.49%
1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $21.58
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Gross Profit / Original Capital Investment
This Week’s Moves
AMD (AMD): Profit-Taking
AMD made another stab at its all-time high on Monday, leading me to take profits in the position and selling shares at $57.64 which I bought for $41.11 on March 12, locking in 40.21% in gains in about a month and a half.
Since I have long been playing with the house’s money in this position, I have no interest in selling the remainder until we see AMD make some serious all-time highs (perhaps triple-digits?).
My next buy order for the stock will hit if it pulls back to the $41.75-42.00 range.
AMD closed the week at $49.88, down -13.46% from where I sold on Monday.
Carnival Cruise Lines (CCL): Profit-Taking
Carnival Cruise Lines (CCL) flew higher with the rest of the market early this week, leading me to take some profits as it proceeded higher.
While this is a speculative portfolio, sectors don’t come more speculative than cruise lines in the middle of a global pandemic. Best to stick to the old adage: no one ever lost money taking a profit…
I sold shares throughout the week with an average selling price of $13.84, lowering my per-share cost -10.73% from $11.93 to $10.65. My next sell target is $19.10 and my next buy target is near its March low’s around $8.00.
CCL closed the week at $13.93, up +0.65% from my average selling price.
Twitter (TWTR): Profit-Taking
With the entire market rocketing higher this week, it was time to take profits in pretty much everything, which included Twitter (TWTR). While I believe the $40+ highs of Twitter’s past are very much possible, these gains are simply too much to leave on the table.
On Wednesday, I sold some shares at $31.27 which I bought back on March 18 for $20.75, locking in 50.70% in profits and lowering my per-share cost -2.88% from $26.00 to $25.25. My next sell target is $35.25-$35.50 and my next buy target is near March’s $20.00 low.
TWTR closed the week at $27.84, down -10.97% from where I sold Wednesday.
Yeti (YETI): Profit-Taking
Yeti (YETI) continued its impressive run off its March lows, crossing over $26 Monday morning and triggering a sell order I had in place at $26.19. Monday’s sale took 42.80% in profits on shares I bought on March 18 for $18.34 and lowered my per-share cost -10.45% from $15.12 to $13.54.
My next sell order for YETI is near $30. My next buy order is near YETI’s March lows at $15.70.
YETI closed the week at $26.06, down -0.50% from where I sold on Monday.
Want Further Clarification?
As always, if you have questions about any of my positions or have positions of your own that you’re curious about – feel free to leave a comment below!See you next week!
Disclaimer: Eric "Irk" Jacobson and all other Get Irked contributors are not investment or financial advisers. All strategies, trading ideas, and other information presented comes from non-professional, amateur investors and traders sharing techniques and ideas for general information purposes.
As always, all individuals should consult their financial advisers to determine if an investing idea is right for them. All investing comes with levels of risk with some ideas and strategies carrying more risk than others.
As an individual investor, you are accountable for assessing all risk to determine if the strategy or idea fits with your investment style. All information on Get Irked is presented for educational and informational purposes only.
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