August 14, 2020
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
Revolve Group (RVLV)
Revolve Group (RVLV) finally turned it around with the second consecutive excellent earnings report. This company whose stock dropped to a terrifyingly-low $7.17 during the March selloff just closed the week up +26.36% at $22.29 (a whopping +210.88% off its low) and even locked in Year-To-Date gains of +21.41% to earn itself the spot of the week’s Biggest Winner.
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.
Target Position Size
Current Position Performance
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$44.50)*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$5.14)*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($10.25)*
Virgin Galactic (SPCE)
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: (-$0.01)*
Airlines ETF (JETS)
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: (-$1.26)*
Tradeweb Mkts (TW)
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $21.50
Carnival Cruise (CCL)
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: (-1.01)*
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $55.18
Revolve Group (RVLV)
1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $20.36
General Electric (GE)
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $6.60
SPY Aug 31 Put Spread
Current Value: $0.415
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Gross Profit / Original Capital Investment
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.
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.