Carnival Cruise (CCL)

The noob day-traders finally got smacked down when Carnival Cruise Lines (CCL) reported earnings, and – shocker – they didn’t have any! It’s hard to make money as a cruiseline when you can’t actually, y’know, cruise. CCL dropped -10.76% this week, earning itself the spot of the Week’s Biggest Loser.

Reallocation: The Super-Speculative Basket

After reviewing my positions this past weekend, I realized that I have a handful of incredibly high-risk, incredibly speculative positions which is really saying something since this is the Speculation in Play portfolio.

The three positions I was eyeing are so high-spec that I don’t want to give each of them a full allocation, instead, rolling them into a single allocation (exactly like the Speculative Basket in my Investments in Play portfolio).

The three Super-Spec stocks are: the Airlines ETF (JETS), Carnival Cruise Lines (CCL), and Virgin Galactic (SPCE). From now on, they will be listed as a single allocation in my portfolio breakdown charts. 

Airlines ETF (JETS): *Capital Removed*

When the markets bounced Monday and Tuesday causing high-risk recovery stocks like Carnival Cruise Lines (CCL) and the Airlines ETF (JETS) to pop, I stuck to last week’s plan and pulled out my investing capital.

On Tuesday, I pulled the remainder of my capital out of the JETS at $18.93, lowering my per-share cost to -$1.26 (each share I hold is free plus adds $1.26 in profits to the portfolio).

My next sell target for JETS is $31.00. Unlike CCL (as you’ll read below), I do have a buy target for JETS at $13.60. As an ETF, the chances of JETS going to zero are slim-to-none as it’s made up of a myriad of airlines stocks including consumer, parts manufacturers, plane manufacturers, and more. The entire industry would have to declare bankruptcy to zero out JETS.

As I mentioned above, JETS is now part of my Super-Speculative Basket (“Super-Spec”, for short) which also includes Carnival Cruise Lines (CCL) and Virgin Galactic (SPCE) with all three sharing a single allocation in the portfolio.

JETS closed the week at $17.55, down -7.29% from where I sold Tuesday.

Carnival Cruise (CCL): *Capital Removed*

When the markets bounced Monday and Tuesday causing high-risk recovery stocks like Carnival Cruise Lines (CCL) and the Airlines ETF (JETS) to pop, I adhered to my trading discipline and plan which I mentioned last week. I took the opportunity to pull my remaining investment capital out of CCL at $21.09, leaving me with a -1.01 per share price (each share I hold is free plus adds $1.01 in profits to the portfolio).

At this time, my next sell target for CCL is around $33.50, and I am no longer going to put any money back into the position. If CCL drops below $10 again, it’s likely because it may declare bankruptcy, and I’m only willing to risk the house’s money on that move.

As I mentioned above, CCL is now part of my Super-Speculative Basket (“Super-Spec”, for short) which also includes the Airlines ETF (JETS) and Virgin Galactic (SPCE) with all three sharing a single allocation in the portfolio.

CCL closed the week at $17.83, down -15.46% from where I sold Tuesday.

Pinterest (PINS): Profit-Taking

When the markets flew to the upside on Monday and Tuesday, it was time to take the opportunity to reduce my Pinterest (PINS) position, taking profits with an order which filled at $21.91 on Tuesday morning.

Tuesday’s sale took +64.00% in profits on some of the shares I bought back on March 12 for $13.36 a share. It also lowered my per-share cost -21.96% from $10.84 to $8.46. My next sell target for PINS is $26.85 and my next buy target is $13.50.

PINS closed the week at $23.21, up +5.93% from where I sold Tuesday.