September 20, 2019 

Portfolio Allocation

Current Position Performance

Highlights from the Week

Biggest Winner: Pinterest (PINS)

It's hard to keep a good IPO down and Pinterest (PINS) might be the only beloved IPO left, gaining +4.06% this week and earnings it spot as my Biggest Winner. Pinterest's soft-spoken CEO undersells the company and tells it as it is, with the result being a company and a stock that consistently exceeds expectations. Amazing what simply telling the truth can do, right?

Biggest Loser: Iridium Communications (IRDM)

Without a doubt, this week's Biggest Loser, Iridium Communications (IRDM) is one of the most volatile stocks I've ever traded as it collapsed -16.31% on almost no news. Given the drone attack in Saudi Arabia, you'd think that a company specializing in satellite technology would get some love from the defense sector, but, nope, nothing. After taking some profits last week (lucky move), I watched in horror as IRDM seemed to fall out of orbit and from grace this week.

This Week’s Trades

Cronos Group (CRON): Added to Position

Market weakness combined with additional news of potential deaths from vaping led cannabis stocks lower on Thursday including Cronos Group (CRON) which broke through its prior $10.58 low, triggering a buy order I had placed at $10.31.

 The purchase lowered my per-share cost -2.36% from $12.71 to $12.41. I plan to add more to the position should CRON break through $10.00 and head down to $9.45.

CRON closed the week at $10.29, down -0.19% from where I added on Thursday.

Tradeweb Markets (TW): Added to Position

Tradeweb Markets (TW) continued to sell off at the beginning of the week, dropping through $39.00 where I used a trailing stop order to add to my position at $38.82 on Monday which raised my per-share cost 0.89% from $37.21 to $37.54.

My next buy target is slightly below my per-share cost at $37.30 should Tradeweb work its way that much lower during this decline.

TW closed the week at $40.25, up +3.68% from where I added on Monday.

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!