May 29, 2020
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
Airlines ETF (JETS)
Well, look at that – all you need to see in the airlines is a brief increase in people flying over Memorial Day to grab a +10.15% single-week gain to earn the Airlines ETF (JETS) the spot of this week’s Biggest Winner.
Let’s ignore the fact that long-term investors are down more than -50% YTD…
Slap a warning label on the President-in-Chief’s tweets and watch out! Twitter (TWTR) got smacked -5.06% this week after warning about some of Trump’s tweets, earning itself the spot as the week’s Biggest Loser.
Target Position Size
Current Position Performance
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($5.14)*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: $6.14
Virgin Galactic (SPCE)*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
Tradeweb Mkts (TW)*
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: -($10.10)*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: $11.45
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $55.95
Carnival Cruise (CCL)
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $10.65
Airlines ETF (JETS)
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: $11.30
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: $23.86
General Electric (GE)
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $6.60
Revolve Group (RVLV)
1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $21.58
6/12 SPY Put Spreads
Current Value $0.475
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Gross Profit / Original Capital Investment
This Week’s Moves
Advanced Micro Devices (AMD): Added to Position
Following Tuesday’s raucous start to the week, stocks sold off on Wednesday with the technology sector, in particular, getting hit hard. AMD dipped below $50.00 a share, triggering a buy order I had in place which filled at $49.93.
The buy replaced shares I sold back on April 27 for $57.64, locking in a -13.38% discount on the shares and still not putting any of the original capital back into the position with a current per-share cost of -$5.14 per share (or $5.14 worth of profit for each share held).
My next buy target for AMD is around $45 and I have no intention to sell as many analysts believe AMD may be due for a breakout from its $59.27 all-time high made just a few weeks ago.
AMD closed the week at $53.80, up +7.75% from where I added on Wednesday.
Twitter (TWTR): Profit-Taking
When the markets roared to life after the Memorial Day weekend, Twitter (TWTR) crossed through a sell target I had in place, letting go of a few shares on Tuesday at $33.60.
The sale locked in +52.66% in gains on some of the shares I bought at $22.01 back on March 18 and also lowered my per-share cost -5.50% from $25.25 to $23.86. My next sell target for TWTR is near $36.00 and my next buy target is $22.75-$23.00.
TWTR closed the week at $30.97, down -7.83% from where I sold on Tuesday.
Yeti (YETI): Profit-Taking
It was definitely a volatile week because as I was adding to AMD (AMD) on Wednesday while tech was selling off, Yeti (YETI) was flying higher, crossing a sell order target which filled at $33.93.
The sale locked in +61.57% in gains on shares I bought for $21.00 back on
March 12 and lowered my per-share cost -42.99% from $10.77 to $6.14. My next sell target is near $36.50 which will pull out the remaining investment capital and some profits in the position.
My next buy target is around $16.50-$16.60, near March’s lows.
YETI closed the week at $32.10, down -5.39% from where I sold on Wednesday.
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.