July 17, 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).

Get Irked's Speculation in Play - July 17, 2020

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The Week’s Biggest Winner & Loser

Virgin Galactic (SPCE)

Virgin Galactic (SPCE) rockets +24.94% to land the week’s Biggest Winner spot two weeks in a row. What fickle traders these morals be – this stock is once again making monster moves on almost no news (except for a new CEO who used to run ride marketing for Disney (DIS), so maybe that’s it, eh?)

Revolve Group (RVLV)

Revolve Group (RVLV) joined many of the other members of the IPO Class of 2019 in pulling back substantially this week. RVLV lost -6.98% to earn its spot as the Biggest Loser. 

Portfolio Allocation

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Positions

%

Target Position Size

Get Irked - Speculation in Play - Current Holdings - July 10, 2020

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Portfolio Breakdown

Get Irked - Year-to-Date Performance - Investments in Play vs. Speculation in Play - 2020 Year-to-Date Performance

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Year-to-Date Performance

Current Position Performance

Yeti (YETI)

+860.01%*

1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$14.69)*

AMD (AMD)

+564.35%*

1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$5.14)*

Pinterest (PINS)

+401.34%*

1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($0.24)*

Virgin Galactic (SPCE)

+380.05%*

1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*

Tradeweb Mkts (TW)

+373.42%

1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $11.46

Twitter (TWTR)

+179.98%

1st Buy: 10/30/2019 @ $29.79
Current Per-Share: $12.79

Airlines ETF (JETS)

+162.82%*

1st Buy: 5/14/2020 @ $11.30
Current Per-Share: (-$1.26)*

Carnival Cruise (CCL)

+128.67%*

1st Buy: 3/12/2020 @ $17.25
Current Per-Share: (-1.01)*

Chevron (CVX)

+58.01%

1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $55.18

General Electric (GE)

+7.17%

1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $6.60

Revolve Group (RVLV)

-25.85%

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

*No Moves This Week*

None of my positions reached any of my selling targets or buying targets this week, and that’s just fine. Sometimes, it’s important to sit on your hands and just observe rather than feeling like a move must always be made. 

For the moment, the market feels incredibly frothy. Sure, the Federal Reserve is back-stopping the stock market with seemingly-endless liquidity from infinite money printing, but there are so many negative news catalysts on the horizon that it’s hard to see how the market can continue rocketing higher like this.

Regardless, this was a week to be patient. Next week is filled with the most companies reporting in the entire earnings season so I’m expecting from very serious volatility for the remainder of July. 

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!

Don't get mad, Get Irked and learn how to invest for yourself!

 

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.