June 28, 2019
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).
Portfolio Breakdown
Year-to-Date Performance
Portfolio Allocation
Positions
%
Target Position Size
Current Position Performance
Canopy Growth (CGC)
+297.14%
Aurora Cannabis (ACB)
+140.62%
Gossamer Bio (GOSS)
+81.21%
AMD (AMD)
+54.71%
Tencent Music (TME)
+43.49%
Yeti (YETI)
+31.95%
Groupon (GRPN)
+25.21%
Cronos Group (CRON)
+20.18%
Tradeweb Mkts (TW)
+14.69%
Pinterest (PINS)
+8.66%
BiliBili (BILI)
+3.72%
Slack (WORK)
-2.72%
Revolve Group (RVLV)
-5.09%
Iridium Comm (IRDM)
-6.02%
New Age Bev (NBEV)
-14.41%
Nio (NIO)
-41.64%
* Indicates a position where the capital investment was sold.
Divide position’s current price by gains to calculate initial buy price
Highlights from the Week
Biggest Winner: Aurora Cannabis (ACB)
Aurora Cannabis (ACB) saw a +7.12% pop this week, presumably on assumptions that this small yet popular player in the consumer cannabis space is a takeover target.
ACB’s having a good year, earning itself a +59.92% gain just since the year start. That, and this week’s gain, makes it our Weekly Winner.
Biggest Loser: Revolve Group (RVLV)
Revolve Group (RVLV), the online millenial fashion/social media player, got hit hard this week along with the rest of the fresh IPOs, dropping significantly before rebounding to close the week down -11.22%.
The other redhot IPOs saw bigger rebounds than Revolve which may indicate it has further upside, but that’s one hard to say when looking at its still respectable +37.12% gain from its IPO price.
This Week’s Trades
Revolve Group (RVLV): Added to Position
Revolve Group (RVLV) sold off along with the rest of the new redhot IPOs on Monday, triggering buy orders we had in place at $38.34, $36.40 and $34.65.
IPOs are notoriously volatile and RVLV is no exception. After our first buy of RVLV at $39.06, it rocketed +23.8% to an all-time high of $48.36. Then, on Monday, it dropped more than -20.7% to hit our price target at $38.34… and then headed lower.
The selloff continued as the week progressed, with us adding to our position again on Wednesday at $33.30, lowering our per-share cost to $36.35.
Future price targets are $30.11, $27.61, $25.33, $23.20 and $19.50.
RVLV closed the week at $34.50, up +3.60% from where we added on Wednesday.
Slack (WORK): Added to Position
Like Revolve Group (RVLV) above, Slack (WORK) also sold off dramatically during Monday’s trading, filling a buy order we had in place at $36.05 which lowered our per-share cost to $38.55 from an initial average of $39.05.
Due to the overbought condition of our Slack allocation, we have sell orders in place starting at $38.57, slightly above our per-share cost but below a potential level of resistance, in order to reduce the position to the allocation target for our portfolio.
Future buying price targets are $32.25, $28.61, $26.26 and $25.18.
WORK closed the week at $37.50, up +4.02% from where added on Monday.
Questions?
As always, If you have questions about how we’re playing different positions or anything at all, really, feel free to leave a comment below!
See you next week!
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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