October 9, 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
Pandemic-proof outdoor activity equipment maker Yeti (YETI) once again saw investors rush into to buy its stock this week, popping +7.93% and earning Biggest Winner credit.
It’s always the sign of a good week when the “Biggest Loser” loses less than 1%. Pinterest (PINS) pulled back -0.98% after weeks of outperformance. I wouldn’t call it a loser by any stretch, but it is the Biggest Loser for this week, at least.
Target Position Size
Current Position Performance
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($19.35)*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$5.14)*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$44.50)*
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: (-$45.02)*
Tradeweb Mkts (TW)
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $21.47
Carnival Cruise (CCL)
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: (-1.01)*
Airlines ETF (JETS)
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: (-$1.26)*
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $54.29
General Electric (GE)
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $6.60
Revolve Group (RVLV)
1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $20.00
SPY 10/23 Put Spreads
Current Value: $0.15
* 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 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
Pinterest (PINS): Profit-Taking
Monday was time for more profit-taking in Pinterest (PINS) when it made another run at its new all-time high, triggering a sell order I had in place at $44.35.
Monday’s sale locked in nearly triple (+279.28%) the gains of some of the shares I bought for $15.88 back on March 10. From here, I have no additional sell targets until we see where this high-performer heads next and a buy target at $32.70.
PINS closed the week at $43.39, down -2.16% from where I sold 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.