November 13, 2020 

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The Week's Biggest Winner & Loser

AMD (AMD)

Investors threw away everything tech and stay-at-home this week, and even shining star AMD (AMD) got slammed, earning itself the week's Biggest Loser spot with a -5.18% weekly loss.

Portfolio Allocation

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Current Position Performance

Super-Speculative Basket

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

Airlines ETF (JETS): Profit-Taking

Following the COVID-19 vaccine news on Monday, the Airlines ETF (JETS) skyrocketed, flying through a sell order I had in place which filled at $21.35.

The order sells some of the shares I just bought on October 28 for $16.44 to lock in +29.87% in gains in less than two weeks and pulls my capital back out of the position. This takes the per-share cost down to -$3.72 (each remaining share cost nothing from the investment capital and adds $3.72 in profit in addition to its share price value).

From here, I have no additional sell targets and my next buy target is $16.90

 JETS closed the week at $20.15, down -5.62% from where I sold Monday.

General Electric (GE): Profit-Taking

General Electric (GE) exploded higher with the rest of the market on Monday thanks to COVID vaccine news and the election of President-Elect Joe Biden. A sell order I had in place filled at $8.84, locking in +59.57% in profits on some shares I bought back on May 13 for $5.54.

The sale reduced my per-share cost -2.62% from $6.49 to $6.32. My next sell target for the stock is just over $10.00 and my next buy target is around $5.95.

GE closed the week at $9.25, up +4.64% from where I sold Monday.

Revolve Group (RVLV): Profit-Taking

After reporting a decent but not super-impressive quarter Thursday morning, I decided it was time to take some small profits and further reduce my position in Revolve Group (RVLV) by selling some shares at $20.87.

The sale reduced my per-share cost -3.55% from $20.00 to $19.29. My next sell target is $24.50 and my next buy target is $16.40.

RVLV closed the week at $20.14, down -3.50% from where I sold Thursday.