After poking back up over $1,800 on Wednesday, Thursday saw an immediate dive down to $1,730 before finishing the day around $1,760. Ouch!
Thankfully, Friday was merciful and showed some big upswings, briefly touching back over $1,800 before finishing the day at $1,768 (and after hours close ended up at $1,776).
Today’s Positions
- Canopy Growth Corp. (CGC): 40 shares @ $23.83 (-0.91%)
- YETI Holdings, Inc. (YETI): 10 shares @ $28.10 (-1.16%)
- Tailored Brands, Inc. (TLRD): 120 shares @ $4.32 (7.73%)
Tailored Brands was by far the most interesting position towards the end of the week. On Thursday, TLRD dipped down below $4 per share for the majority of the day. As I discussed in my past few posts, the temptation really grew to sell out of YETI and move those funds into TLRD to lower my average price per share. But, I sat on my hands out of fear that TLRD would continue even lower.
Thankfully, it started turning around towards the end of the day Thursday, and continued higher on Friday finishing up over 7% at $4.32. I kicked myself for missing out on the 7% gains that I could have had on those funds tied up in YETI. But, I was thankful for the gains on those 120 shares that I have accrued over the past few weeks.
Taking a glance at my total returns on open positions, things are not looking pretty. All positions are currently sitting at a loss.
- Canopy Growth Corp. (CGC): -$527.18
- YETI Holdings, Inc. (YETI): -$20.28
- Tailored Brands, Inc. (TLRD): -$44.32
Looks like I’ve got some work to do if I’m going to turn things around double up this fun money account!
FNMNY 