October 23, 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
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
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
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 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!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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