July 5, 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)
+295.67%
Aurora Cannabis (ACB)
+132.00%
Gossamer Bio (GOSS)
+70.92%
AMD (AMD)
+60.47%
Tencent Music (TME)
+47.99%
Yeti (YETI)
+38.20%
Groupon (GRPN)
+25.21%
Tradeweb Mkts (TW)
+21.26%
Cronos Group (CRON)
+14.99%
Pinterest (PINS)
+8.78%
BiliBili (BILI)
+6.71%
Revolve Group (RVLV)
+6.19%
Iridium Comm (IRDM)
-2.26%
Slack (WORK)
-7.86%
New Age Bev (NBEV)
-17.34%
Nio (NIO)
-25.39%
* Indicates a position where the capital investment was sold.
Profit % for * positions: Held Shares Gain + 100% of Capital Returned.
Highlights from the Week
Biggest Winner: Nio (NIO)
Nio (NIO), the Chinese electric car manufacturer, finally caught a break from the G20 summit, leaping 27.84% this week and earning our Weekly Winner spot. Unfortunately, this is a bittersweet victory since even after this epic single-week pop, Nio is still down a whopping -46.82% on the year (and -25.39% in our Trades in Play portfolio).
Biggest Loser: Gossamer Bio (GOSS)
Gossamer Bio (GOSS) continues to be an incredibly volatile stock, dropping -5.68% this week, edging out Slack (WORK) by -0.40% to earn this week’s Weekly Loser position.
This Week’s Trades
No Moves This Week
Although our Investments in Play portfolio is no stranger to weeks without any moves, our extremely active Trades in Play hasn’t seen a week without any moves in months… until now. With good news from G20 and strong economic reports, the week saw a generally positive move with concerns that the Feds will no longer cut interest rates.
New IPO Slack (WORK) continues to get smacked while Revolve Group (RVLV), another of the Class of 2019 IPOs, saw a significant reprieve, popping 11.88%, along with Tradeweb Markets (TW) which saw a respectable 5.73% gain this week.
The cannabis sector continues to get beaten up with Cronos Group (CRON) the biggest loser in the week dropping -4.32% followed closely by Aurora Cannabis (ACB) at -3.58% and New Age Beverages (NBEV) at -3.43%. Canopy Growth (CGC) continues to maintain sector dominance, losing only -0.37% for the week.
Stay tuned – July promises to be an exciting month!
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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