Finishing the day up just shy of $70 (3.81%), my new account balance heading into this weekend is $1877. Almost back to where we ended our first day of this journey, which was $1878. We’re on a roll!
Today’s Positions
- Canopy Growth Corp. (CGC): 40 shares @ $27.66 (4.77%)
- YETI Holdings, Inc. (YETI): 10 shares @ $30.35 (3.83%)
- Baytex Energy Corporation (BTE): 200 shares @ $1.36 (3.03%)
- Microsoft Corp. (MSFT): 1 share @ $139.10 (-0.68%)
For the week, CGC was the big winner up 17%. YETI gained 7%, BTE gained 6%, and MSFT gained just 1%. And my overall account is up 13% for the week.
I touched on this yesterday, but man, that was a HUGE bounce off the bottom for Canopy. Canopy Growth Corp hit its 52-week low (intra-day) on Wednesday, August 28, 2019, when it dropped to $22.76. Today, CGC hit $28.15, an increase of almost 24% in just over a week.
The two stock’s I’ve been keeping an eye on based on Michael Burry’s recommendation, Sportman’s Warehouse and Tailored Brands, also had huge days today. SPWH was up just shy of 7.5% mid-day before settling back down and finishing the day up 4.5%. TLRD peaked at an almost 10% gain before 9am PDT before also settling at the end of the day up just over 4.5%.
I’m still excited to pursue the OptionAlpha trading strategies. I have been chipping away at the Intermediate course and am still enjoying learning. Definitely loving the growth over this past week in my current positions that will hopefully stay on track and allow me begin OptionAlpha with a starting position of at least $2,000.
FNMNY 