July 10, 2020
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The Week's Biggest Winner & Loser
Virgin Galactic (SPCE)
Virgin Galactic (SPCE) hit its second-stage rocket boosters this week and catapulted +18.46% on no news to earn itself the week's Biggest Winner spot.
Tradeweb Markets (TW)
Tradeweb Markets (TW) is a funny stock - it often goes UP in DOWN markets and DOWN in UP markets, just like this week when it dropped -6.07% to land the Biggest Loser spot.
Portfolio Allocation
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Positions
%
Target Position Size
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Portfolio Breakdown
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Year-to-Date Performance
Current Position Performance
Yeti (YETI)
+829.66%*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$14.69)*
AMD (AMD)
+570.83%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$5.14)*
Pinterest (PINS)
+420.86%*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($0.24)*
Tradeweb Mkts (TW)
+377.87%
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $11.46
Virgin Galactic (SPCE)
+324.50%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
Twitter (TWTR)
+176.78%
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: $12.79
Airlines ETF (JETS)
+161.72%*
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: (-$1.26)*
Carnival Cruise (CCL)
+129.88%*
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: (-1.01)*
Chevron (CVX)
+54.46%
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $55.18
General Electric (GE)
+1.41%
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $6.60
Revolve Group (RVLV)
-20.28%
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
Super-Speculative Basket
Airlines ETF
JETS
Carnival Cruise
CCL
Virgin Galactic
SPCE
What is the Super-Speculative Basket?
The Super Speculative Basket ("Super-Spec") is made up of a handful of stocks so incredibly volatile that I'm uncomfortable giving any of them full allocations in my portfolio, instead dividing a single allocation among all of them.
Currently, my Super-Spec stocks are as follows: the Airlines ETF (JETS), Carnival Cruise Lines (CCL), and Virgin Galactic (SPCE). They are listed as a single allocation in the portfolio breakdown chart each week.
This Week’s Moves
Tradeweb Markets (TW): Added to Position
Tradeweb Markets (TW) has been a fantastic stock since IPO'ing in April 2019 and rocketing to an all-time high of $69.06 just a month ago on June 2, 2020, so when it retested its pullback level of around $54.50 on Friday, it was time for me to add some capital back into my position with a buy order that filled at $54.60.
The order replaced shares I sold on May 19 for $62.00 and locked in +13.55% in gains. I now have a per-share cost of $11.46. My next buy target for the stock is around $49.00, slightly above its 200-day simple Moving Average (MA). My next sell target is around $80.00.
TW closed on Friday at $54.75 up +0.46% from where I added Friday.
Twitter (TWTR): Profit-Taking
Given the significant amount of negative attention all of the social media networks have been receiving as of late thanks to Facebook's (FB) bungling of, well, pretty much anything and everything to do with free speech, I felt it was time to take more profits in Twitter (TWTR) when it started popping this week.
I sold some shares on Wednesday's pop, filling at a $34.42 average selling price which lowered my per-share cost -40.04% from $21.46 to $12.79. My next sell target is near $35.50 with my next buy target around $23.25.
TWTR closed the week at $35.40, up +2.85% from where I sold 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!
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