June 12, 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
AMD (AMD)
It was a rough week as all the noob traders throwing their stimulus checks at the market learned that stocks can also go DOWN in price. AMD (AMD) announced a partnership with Nvidia (NVDA) and was able to eek out a +0.75% gain to earn itself Biggest Winner of the Week.
Revolve Group (RVLV)
Revolve Group (RVLV) seems to be weighted to the downside – whenever the market sells off, RVLV gets hit harder than the rest, but, when the market’s headed up, RVLV doesn’t see the same gains. This week was no different with RVLV getting kicked in the head for -13.46% and earning itself, once again, Biggest Loser of the Week.
Portfolio Allocation
Positions
%
Target Position Size
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Portfolio Breakdown
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Year-to-Date Performance
Current Position Performance
Yeti (YETI)*
+750.37%*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$14.69)*
AMD (AMD)*
+552.47%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: -($5.14)*
Virgin Galactic (SPCE)*
+275.19%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
Tradeweb Mkts (TW)*
+222.58%*
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: -($10.10)*
Carnival Cruise (CCL)
+155.04%
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $7.83
Airlines ETF (JETS)
+106.68%
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: $8.84
Pinterest (PINS)
+92.85%
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: $10.84
Chevron (CVX)
+65.14%
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $55.95
Twitter (TWTR)
+55.77%
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: $21.46
General Electric (GE)
+9.90%
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $6.60
Revolve Group (RVLV)
-29.97%
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
Airlines ETF (JETS): Profit-Taking
The airlines continued last week’s rally on Monday, leading me to take profits in the Airlines ETF (JETS) when it crossed over $21.00 with a sale filling at $21.17.
The sale locked in an +87.35% gain on some of the shares I bought for $11.30 less than a month ago on May 14, and lowered my per-share cost -21.77% from $11.30 to $8.84.
When the market started to roll over on the recovery plays including airlines, cruiselines, and casinos, I decided it was time to work on getting my capital investment out of the position, so I’ve actually lowered my next sell target down to around $20.00. My next buy target is near the ETF’s all-time low at $12.20.
JETS closed the week at $18.26, down -13.75% from where I sold Monday.
Carnival Cruise Lines (CCL): Profit-Taking
Last week’s rally didn’t stop on Monday with Carnival Cruise Lines (CCL) seeing a huge pop first thing in the morning, hitting one of my price targets for a sale filling at $24.71.
The sale locked in +102.21% in profits on some of the shares I bought for $12.22 back on March 17 and lowered my per-share cost -26.38% from $10.65 to $7.84.
When the markets started turning around later in the week, I decided it was time to get my capital investment off this merry-go-round, so my next sell target is around $22.80 where I will remove my capital and let the profits run. I do have a buy target, however, it’s $8.70, near CCL’s sell-off low and a price level I don’t expect to see this position hit again.
CCL closed the week at $19.98, down -19.14% from where I sold Monday.
Yeti (YETI): Profit-Taking
Yeti (YETI) made a stab at breaking its all-time high near $39 on Monday, leading me to take profits when it pulled back slightly from $38.44 to where my order filled at $38.15.
The sale locked in +51.16% in gains from shares I bought on March 9 for $25.43, and pulled even more profit out of the position, lowering my per-share cost to -$14.69 a share from -$1.48 (meaning the portfolio’s received $14.69 in profit for each share still held).
My next sell target is near $45.00 based on reverse Fibonacci Retracement technical analysis, and my next buy target is near $21.00.
YETI closed the week at $35.67, down -6.50% from where I sold 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!
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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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