August 14, 2020 

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The Week's Biggest Winner & Loser

AMD (AMD)

AMD (AMD) pulled back this week as investors seemed to get nervous about its recent epic run into the $80s, and why shouldn't they? Don't get me wrong, AMD is definitely high-quality, but this is a stock that was $36.75 back in March! AMD sold off -4.18% to lock in the week's Biggest Loser spot.

Portfolio Allocation

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Current Position Performance

Super-Speculative Basket

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

Revolve Group (RVLV): Profit-Taking

Astute readers may have noticed that Revolve Group (RVLV) has long been a dramatically overweight position in my speculation portfolio. Revolve Group reported a disappointing earnings report in Q1 and then the bottom of the market fell out right in the middle of my Three-Day Rule, preventing me from taking the loss and closing the position as the market sold off epically.

At that point, I decided not to bail on the position, and,  instead, wait for its Q2 earnings report to make a decision. Q2 was actually good for Revolve so the company earned one more quarter in my portfolio, and it turns out the decision was lucky on my part.

On Wednesday, RVLV reported a good earnings report for Q3 and jumped more than 15% in after-hours trading. While I normally don't trade in the after-hours, I decided it was time to take advantage of the pop to get rid of a chunk of the position, selling shares at $22.92 and getting the entire position in line.

The sale locked in +88.18% in gains on shares I bought during the selloff with an average price of $12.18. It lowered my position's allocation and reduced my per-share cost -4.31% from $21.58 to $20.36. My next sell target is $24.45 and my next buy target is around $16.10.

RVLV closed the week at $22.29, down -2.75% from where I sold Wednesday. 

Tradeweb Markets (TW): Added to Position

Tradeweb Markets (TW) exhibited weakness on Monday, dropping through my buy target which filled at $51.65. The order replaces shares I sold back on May 8 for $57.38 and locks in 10% in gains. My current per-share cost now rises to $21.50.

My next buy target for the stock is $46.20 and my next sell target is $86.05.

TW closed the week at $55.28, up +7.03% from where I bought Monday.