May 8, 2020 

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The Week's Biggest Winner & Loser

General Electric (GE)

A recession is a terrible time to be an industrial company, and General Electric (GE) demonstrated that fact to a "T," dropping -3.23% in a week that saw even Carnival Cruiselines (CCL) head higher. If you're gonna be the Biggest Loser for the week, that's the way to do it.

Portfolio Allocation

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Current Position Performance

This Week’s Moves

General Electric (GE): Added-to-Position

General Electric (GE) saw some serious selling pressure on Wednesday, cracking through the $6.00 mark and triggering an order which added shares at $5.9965. The buy reduced my per-share cost -3.90% from $7.70 to $7.40.

Wednesday's buy was actually for only half of my intended target with the other half targeting $5.92 for fill, but I decided to split it up when I saw the resistance holding during trading.

GE closed the week at $6.29, up +4.89% from where I added on Wednesday. 

Pinterest (PINS): Profit-Taking

Pinterest (PINS) continued its inexorable climb on Monday, retaining its status as the biggest holding in the portfolio which meant, yes, more profits needed to be taken. This time, the sell order filled at $21.42, locking in 80.92% in profits on some of the shares I bought back on March 16 for $11.84.

The sell order reduced my per-share cost by -4.34% from $11.97 to $11.45. My next sell target is $24.35 and my next buy target is back at March's lows around $10.10-10.15.

PINS closed the week at $19.79, down -7.61% from where I sold on Monday.

Tradeweb Markets (TW): Profit-Taking

Tradeweb Markets (TW) rocketed higher during Friday's trading, triggering a sell order I had in place at new all-time highs which filled at $57.38, selling shares I bought back on March 12 for $45.76 and locking in +25.39% in profits.

The sale also lowered my per-share cost by -43.83% from $24.80 to $13.94. My next sale, targeting much higher at $65.85 will take out the remainder of my investment capital as well as some decent profits. My next buy is back down around $40.25-$40.50 per share.

TW closed the week at $58.18, up +1.39% from where I sold on Friday.

Yeti (YETI): Profit-Taking

Yeti (YETI) popped dramatically following a good earnings report after-the-bell on Wednesday. During Thursday morning trading, Yeti triggered a sell order I had in place at $30.15, locking in +43.57% in gains on shares I bought for $21.00 back on March 12. 

Thursday's sale lowered my per-share cost -20.46% from $13.54 to $10.77. My next sell target for the stock is around $33.00 and my next buy target is back near March's lows at $15.70.

YETI closed the week at $29.09, down -3.52% from where I sold on Thursday.