November 27, 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
Carnival Cruiselines (CCL)
Another vaccine means normalcy is that much closer, and when normalcy is closer, that means the cruiseline stocks pop, and no company is more speculative than Carnival Cruiselines (CCL) with its unstable balance sheet and billions in debt. CCL popped +24.24% this week to earn the spot of the Week’s Biggest Winner.
Tradeweb Markets (TW)
It’s another week where the “Biggest Loser” is just the position that gained the least. In this case, it’s Tradeweb Markets (TW) which only popped +0.89% this week. For some reason, Tradeweb, a digital marketplace creator, seems to trade contrary to the market, outperforming in bear moves and underperforming in bull moves.
Target Position Size
Current Position Performance
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($58.79)*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$5.14)*
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$142.16)*
Virgin Galactic (SPCE)
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$0.15)*
Grow Gen. (GRWG)
1st Buy: 10/30/2020 @ $16.04
Current Per-Share: (-$0.19)*
1st Buy: 10/30/2019 @ $29.79
Current Per-Share: (-$45.02)*
Carnival Cruise (CCL)
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: (-1.01)*
Plug Power (PLUG)
1st Buy: 10/30/2020 @ $14.28
Current Per-Share: (-$0.28)*
Airlines ETF (JETS)
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: (-$3.72)*
Tradeweb Mkts (TW)
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $21.47
General Electric (GE)
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: $6.00
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: $59.38
Revolve Group (RVLV)
1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $19.29
12/31 SPY Put Spreads
Current Value: $0.595
* 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
General Electric (GE): Profit-Taking
The week kicked off with more positive vaccine trials which means “It’s Big Bull Rally Time!” General Electric (GE) popped deeper into the $10-11 range, triggering a sell order I had in place at $10.22 on Monday.
The sale locked in +84.48% in gains on some shares I bought for $5.54 back on May 13 and lowered my per-share cost -5.06% from $6.32 to $6.00. My next buy target is $5.92 and my next sell target is slightly over $12.
GE closed the week at $10.40, up +1.76% from where I sold Monday.
Grow Generation (GRWG): Capital Investment Pulled
Well, that double happened fast! Less than a month after I opened a small position in Grow Generation (GRWG), the stock doubled from my opening price, and, as always, my discipline dictates I have to take half off the table when that happens, even when I think the stock has much further to go as I do here.
On Monday, GRWG crossed through my sell target at $32.26, selling half of the shares I bought back on October 30 for $16.04, a double and a total profit gain of +101.12% in just over three weeks. From here, I’m letting the rest of my position run because, well, it was free, but I do have a price target back at $17.90 which represents a 50% retracement from GRWG’s epic run this year.
GRWG closed the week at $35.59, up +10.32% from where I sold Monday.
Plug Power (PLUG): Capital Investment Pulled
Despite being from two completely different sectors, it seems as though all the speculative growth stocks are correlated as Plug Power (PLUG) powered higher on no news Tuesday, triggering a sell order at $28.56 which, like Grow Generation above, took out half of my position as it, too, had doubled taking just one day longer than Grow Generation did.
Trading discipline locked in +101.98% in gains, selling shares I bought less than four weeks ago for $14.14 on October 30 for $28.56 on Tuesday. From here, I have no sell targets as I let the rest ride with a buy target at $15.88, a past point of support/resistance and slightly above a key spot on Fibonnacci Retracement tables.
PLUG closed the week at $26.24, down -8.12% from where I sold Tuesday.
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.