October 18, 2019 

The Week's Biggest Winner & Loser

Pinterest (PINS)

The lock-up on Pinterest (PINS) shareholders ended this week, meaning that early investors finally got their opportunity to sell, resulting in a -5.88% sell-off in the stock. A substantial drop is typical following an IPO's lockup expiration, however, I must admit I was hoping this might be one of the rare occasions where early investors had enough faith to hang on to their investments. While this wasn't the case, I do expect PINS to do well into the future given its prospects and profitability.

Portfolio Allocation

Current Position Performance

This Week’s Trades

Canopy Growth (CGC): Added to Position

Canopy Growth (CGC) and the rest of the cannabis sector continued to selloff substantially on Monday, triggering my trailing stop at $19.04 which filled at $19.1424 before reversing course to break straight through the $19.00 mark, making all-new lows (the lowest seen in the U.S. market, in fact).  My next buy target for CGC is near $18.00.

CGC closed the week at $20.21, up +5.58% from where I added on Monday.

Gossamer Bio (GOSS): Flip-Flopping

Gossamer Bio (GOSS) continued to drop to new lows on Monday, triggering a trailing stop buy order I had in place at $14.71 which filled at $14.835. The buy lowered my per-share cost by a marginal -1.47% from $16.31 to $16.07.

Then, on Wednesday, GOSS flew back up to the upside, tearing through my per-share cost and allowing me to use a trailing stop to sell Monday's shares at $16.303, snagging a 9.90% profit on those shares, reducing my per-share cost a whopping $0.05 (-0.31%) from $16.07 to $16.02, but, more importantly, freeing up that valuable investment capital.

My next buy target is back at GOSS's new all-time low around $14.65 and my next sell order is around GOSS's typical high range in its tidal wave pattern of $22.50.

GOSS closed the week at $16.48, up +1.09% from where I sold on Wednesday.

Iridium Communications (IRDM): *Closed Position*

When Iridium Communication (IRDM) started price-consolidation above my per-share cost on Wednesday, I decided to use a trailing stop to protect what little profits I had and closed the position at $23.86, locking in negligible profits of 1.27%.

I've held IRDM for about 7 months and although that's not an exceptionally long time for one of my speculative Trades in Play, the stock just hasn't performed the way I'd like for short- or even longer-term swing trades, particularly when it made a new low under $20 in the past few weeks.

While IRDM might make for an interesting speculative long-term investment, it was time for me to say goodbye to this position for the time being.

IRDM closed the week at $24.26, up +1.68% from where I closed the position Wednesday.

Tradeweb Markets (TW): Profit-Taking

After popping into the end of last week, I used a stop-limit sell order to protect my profits should Tradeweb Markets (TW) pull back, which it did early on Monday and triggered the sell order at $39.72.

The sale locked in a 5.25% gain on shares I bought back on 9/26 for $37.74, but, more importantly, freed up capital to reinvest should TW once again pull back to its lows. My next buy target for TW is $35.70.

TW closed the week at $41.50, up +4.48% from where I sold on Monday.