Week 2/8 – 2/12 2021

This week has been uneventful. I have ran into some issues transferring the initial $1000 to start the portfolio. Error on my part due to using the wrong routing number for my deposit. Uneventful but not wasted.

 

Portfolio Recap:

Account Value as of Market open 2/08/2021: $118.16 (Started with ~$100  existing account)

Account Value as of Market close 2/12/2021: $1,153.22

 

Account Positions:

CSCO and EBAY shares were already in my portfolio from as of 2/8/2021.

 

BJ – BJS Wholesale Club Holdings:

BJ’s is a wholesale retailer that is similar to  Costco. The is 215 clubs and 134 BJ’s Gas station in 16 states.

Entry – $43.66

Stop – $41

Risk (in Dollars) per share  – $2.66

Risk (in %) – 6.10%

Note: Slower play, want to see if BJ will take off like Costco. Chart structure looked to be holding, hence the reason I put on the position. 52 week High at $50.18

 

POLA  – Polar Power Inc

Polar Power manufactures and sells direct current power generators, renewable energy and cooling systems.

Entry – $19.81

Stop – $17

Risk (in Dollars) per share  – $2.81

Risk (in %) – 14.2%

Note: I got this position for it explosive upward potential. Only ~13M shares outstanding. Market Cap 235M

 

QS – Quantumscape Corp

develops solid-state lithium-metal batteries. Batteries are used in electric vehicles

Entry – $44.42

Stop – $40

Risk (in Dollars) per share  – $4.42

Risk (in %) – 10%

Note: I got into this position do to its relationship with electric vehicles. Also the chart structure of the stock.

 

TU – Telus Corp

telecommunication and information technology products and services in Canada.

Entry – $21.23

Stop – $20

Risk (in Dollars) per share  – $1.23

Risk (in %) – 5.8%

Note: I notice that this stock looks to be above a multi-year range between $15-20. Playing this position as a breakout above $20.

 

All of my position are currently setup to lose no more than 2% of my portfolio ($20). In the worst case if all 4 positions were to get stopped out that would be a lost of $80.

Currently QS is the leading performer of these 4. This is primarily due to an rating upgrade  by Morgan Stanley.

Lets see what the market has in store for these positions next week. Also the week of 2/15-2/19 is a 4 day week for the market. Thank you for following and please leave a comment if there are any questions.

-Keng Vang