October 23, 2020
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The Week's Biggest Winner & Loser
Pinterest (PINS)
After Snap (SNAP) reported stellar earnings, the entire social media space blasted off with Pinterest (PINS) earning a whopping +20.29% in a single week locking in the Biggest Winner slot.
Virgin Galactic (SPCE)
A ride into space is certainly bumpy and Virgin Galactic's (SPCE) stock makes shareholders feel all of the turbulence as the shares dropped -14.71% on no fundamental news, crashing into the Biggest Loser position for the week.
Portfolio Allocation
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Positions
%
Target Position Size
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Portfolio Breakdown
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Year-to-Date Performance
Current Position Performance
Pinterest (PINS)
+676.18%*
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($33.60)*
AMD (AMD)
+545.18%*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$5.14)*
Yeti (YETI)
+508.60%*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$142.16)*
Twitter (TWTR)
+206.22%*
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: (-$45.02)*
Virgin Galactic (SPCE)
+204.18%*
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
Tradeweb Mkts (TW)
+181.72%
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $21.47
Carnival Cruise (CCL)
+171.17%*
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: (-1.01)*
Airlines ETF (JETS)
+170.57%*
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: (-$1.26)*
Chevron (CVX)
+33.69%
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $54.29
General Electric (GE)
+17.49%
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $6.50
Revolve Group (RVLV)
+6.03%
1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $20.00
SPY 11/6 Put Spreads
-60.39%
Cost: $2.4992
Current Value: $0.99
* 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
General Electric (GE): Profit-Taking
After receiving positive analyst outlooks over the past week, General Electric (GE) continued its rally and triggered a sell order on Friday which filled at $7.94.
The order locked in +43.32% in gains on some of the shares I bought for $5.54 back on May 13 and lowered my per-share cost -1.52% from $6.60 to $6.50. My next sell target for the stock is $9.80 and my next buy target is $6.05.
GE closed the week at $7.63, down -3.90% from where I sold Friday.
Pinterest (PINS): Profit-Taking
Pinterest (PINS) rocketed to new highs this week after social media chat service Snap (SNAP) reported outstanding earnings. PINS flew through one of my sell orders which filled at $52.90 on Friday.
The order locked in more than a triple (+333.12%) in gains on the remaining shares I purchased for $15.88 on March 10. I have no additional sell targets as we watch where PINS goes from here with my next buy target at $36.90.
PINS closed the week at $53.00, up +0.19% from where I sold Friday.
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!
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