August 21, 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).
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The Week’s Biggest Winner & Loser
Yeti (YETI)
It’s not a Sasquatch, it’s not The Missing Link, no, that’s Yeti (YETI), rocking the outdoors with another +4.74% gain to earn itself the spot of the week’s Biggest Winner.
Revolve Group (RVLV)
Revolve Group (RVLV) was last week’s darling after hitting its earnings report out of the ballpark only to get slammed this week down -12.11%. While still up on the year, that profit-taking definitely earns Revolve the Biggest Loser spot.
Portfolio Allocation
Positions
%
Target Position Size
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Portfolio Breakdown
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Year-to-Date Performance
Current Position Performance
AMD (AMD)
+554.64%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$5.14)*
Pinterest (PINS)
+513.95%*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($10.25)*
Yeti (YETI)
+507.63%*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$44.50)*
Virgin Galactic (SPCE)
+191.92%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
Twitter (TWTR)
+187.39%*
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: (-$0.01)*
Carnival Cruise (CCL)
+168.08%*
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: (-1.01)*
Airlines ETF (JETS)
+163.35%*
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: (-$1.26)*
Tradeweb Mkts (TW)
+153.73%
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $21.50
Chevron (CVX)
+54.18%
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $55.18
Revolve Group (RVLV)
-3.77%
1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $20.36
General Electric (GE)
-4.28%
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $6.60
SPY Aug 31 Put Spread
-89.21%
Cost: $1.39
Current Value: $0.15
* 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
CCLVirgin Galactic
SPCEWhat 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
Potential Position: GrowGeneration (GRWG)
While a week without any action may seem boring, it’s worth noting an old stock market adage “Never trade a dull market.” One of the biggest risks an investor or trader can take is to do something when it’s hard to know what to do.
This week, I sat on my hands in the Speculation in Play portfolio. However, I did spend some time researching GrowGeneration (GRWG) a picks-and-shovels cannabis play that sells the equipment to grow cannabis in the United States.
GRWG is the new hotness for Robinhood day traders, so I’m just watching it sell off as lucky speculators take profits. The stock closed the week off -24.17% from its all-time high at $17.35, however seeing as how the stock was trading in the single digits just a week or two ago, I’m going to spend more time watching this interesting play before I put any money to work.
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.
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