October 2, 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 - October 2, 2020

Click image to bring up larger version.

The Week’s Biggest Winner & Loser

Virgin Galactic (SPCE)

After getting not one but two analyst upgrades, it was nowhere but up for Virgin Galactic (SPCE) this week as the super-speculative consumer spaceflight play skyrocketed 26.42% to land as this week’s Biggest Winner, by far.

Chevron (CVX)

In a week with a lot of negative catalysts and a significant amount of volatility, it’s telling that the “worst-performing” position in my portfolio, Chevron (CVX), only dropped -0.89% as the Biggest Loser.

Portfolio Allocation

Click charts for enlarged versions

Positions

%

Target Position Size

Get Irked - Speculation in Play - Current Holdings - October 2, 2020

Click image to bring up larger version.

Portfolio Breakdown

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

Click image to bring up larger version.

Year-to-Date Performance

Current Position Performance

Pinterest (PINS)

+603.65%*

1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($10.25)*

AMD (AMD)

+544.36%*

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

Yeti (YETI)

+487.16%*

1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$44.50)*

Virgin Galactic (SPCE)

+212.98%*

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

Twitter (TWTR)

+201.41%*

1st Buy: 10/30/2019 @ $29.79
Current Per-Share: (-$45.02)*

Tradeweb Mkts (TW)

+172.73%

1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $21.47

Carnival Cruise (CCL)

+170.30%*

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

Airlines ETF (JETS)

+165.79%*

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

Chevron (CVX)

+31.14%

1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $54.29

General Electric (GE)

-2.99%

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

Revolve Group (RVLV)

-13.48%

1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $20.00

SPY 10/23 Put Spreads

-26.66%

Cost: $1.4931
Current Value: $1.095

* 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 even in my Speculation in Play 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: Strategy Adjustments

Whenever the market doesn’t move enough one way or another to trigger a buy or sell in my speculative portfolio, I take some time to reevaluate each of my positions to determine if they’re still what I’m looking for and if I want to adjust buy or sell price targets.

This week was one of those weeks, and I decided that I was far too conservative with my buy price targets for the many of the positions in the portfolio. In the cases where I felt getting aggressive might be too risky, I reduced the quantity to ensure that I’m protecting against the downside.

I also continue to eye Grow Generation (GRWG) as a play on the consumer cannabis space, but it’s holding up remarkably strong in the face of a sector that seems to be getting slammed everywhere else.

I guess we’ll see what happens next week…

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.