August 30, 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).

Click charts for enlarged versions

Portfolio Breakdown

Year-to-Date Performance

Portfolio Allocation

Positions

%

Target Position Size

Current Position Performance

AMD (AMD)

+116.90%

1st Buy: 1/10/2019 @ $19.54
Current Per-Share: $14.50

Pinterest (PINS)

+70.06%

1st Buy: 5/16/2019 @ $25.72
Current Per-Share: $20.24

Yeti (YETI)

+67.06%

1st Buy: 2/26/2019 @ $23.23
Current Per-Share: $16.91

Tencent Music (TME)

+27.31%

1st Buy: 12/14/2018 @ $12.96
Current Per-Share: $10.45

Tradeweb Mkts (TW)

+26.23%

1st Buy: 4/8/2019 @ $39.22
Current Per-Share: $33.74

Canopy Growth (CGC)

+14.75%

1st Buy: 8/21/2018 @ $38.28
Current Per-Share: $20.55

Iridium Comm (IRDM)

-2.30%

1st Buy: 3/25/2019 @ $26.28
Current Per-Share: $24.75

BiliBili (BILI)

-8.40%

1st Buy: 3/7/2019 @ $17.68
Current Per-Share: $15.34

Cronos Group (CRON)

-13.29%

1st Buy: 12/3/2018 @ $10.27
Current Per-Share: $12.71

Build-A-Bear (BBW)

-26.63%

1st Buy: 8/12/2019 @ $3.38
Current Per-Share: $3.38

Revolve Group (RVLV)

-30.79%

1st Buy: 6/13/2019 @ $39.06
Current Per-Share: $32.76

* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Gross Profit / Original Capital Investment

Highlights from the Week

Biggest Winner: Yeti (YETI)

When Yeti (YETI) rebounds, Yeti rebounds! The stock bounced +8.11% to earn this week’s Biggest Winner title along with +90.36% of Year-To-Date earnings! Yeti, the outdoor products manufacturer, continues to be a notoriously volatile stock with huge swings between its highs and it slows, however the overall trend is still up and to the right!

Biggest Loser: Build-A-Bear (BBW)

You probably saw this one coming. As you’ll read below, Build-A-Bear (BBW) once again missed all analyst expectations when it reported earnings this week, dropping more than -11% initially before collapsing entirely on Friday, closing out the week with an epic -21.27% weekly loss, easily earning it the Biggest Loser week. 

Heck, BBW’s performance is so bad, it almost makes Canopy Growth Corp’s (CGC) third week running of losses look good! Yowtch!

This Week’s Trades

BiliBili (BILI): Added to Position

BiliBili (BILI) reported a relatively in-line quarter, losing less than expectations at -$0.11 per share versus -$0.12 per share and traded relatively flat on Tuesday before giving way to the market selloff on Wednesday and triggering a small buy order I had placed at $13.62, lowering my per-share cost -2.23% from $15.69 to $15.34. My next buy target will be a more substantial quantity at an estimated level of support of $12.34.

BILI closed the week at $14.05, up +3.16% from where I added on Wednesday.

Build A Bear (BBW): *Preparing Trade Closure*

Build-A-Bear (BBW) missed once again when it reported earnings on Thursday. Although it’s seeing modest e-commerce sales growth and announced a new national partnership with Wal-Mart (WMT), its inability to even meet (much less beat) consensus estimates repeatedly is not a good sign.

The stock dumped -11.21% on Thursday.

Although CEO Sharon Price John may eventually turn around BBW given enough time (and some luck with tariffs), my trade thesis has failed and it’s time to get out.

How? By using the Three Day Rule, of course.

I’ll let the price action settle over three trading days with Thursday as Day #1 (BBW reported before the market open), Friday as Day #2, and next Tuesday as Day #3 (Monday is Labor Day and the markets are closed). Once the price action has established itself, I’ll set stop-loss limit orders and begin the process to close the position and take my loss.

BBW closed the week at $2.45 with my position down -26.63%.

Cronos (CRON): Added to Position

The cannabis selloff shows no end in sight with Cronos (CRON) dropping through $11.00 on Wednesday, triggering a buy order I had in place at $10.71. Wednesday’s relatively small buy order still lowered my per-share cost -2.61% from $13.05 to $12.71.

My next buy target is significantly lower at a previous key level of support of $8.68 where I plan to add a little more earnestly than I have to this point.

CRON closed the week at $11.02, up +2.89% from where I added on Wednesday.

Revolve Group (RVLV): Added to Position

Revolve Group (RVLV) continued to get slammed along with the rest of the fashion retail sector on Wednesday, dropping below $21.50 and triggering a small buy order I had in place at $21.31, lowering my per share cost about 1% from $33.09 to $32.76.

My next buy target is another small order slightly lower at $21.10 followed by a more substantial order much lower at $19.30.

RVLV closed the week at $22.67, up +6.38% from where I added on Wednesday.

Questions?

As always, If you have questions about how I’m playing different positions or anything at all, really, feel free to leave a comment below!

See you next week!

Don't get mad, Get Irked and learn how to invest for yourself!

 

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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