I made the following trades today.
Sold LinkedIn (LNKD)
- Quarterly result was below expected but did not warrant 44% drop in stock price. However, investors will continue to punish the stock disproportionately until a few quarters of above average results are reported, or until a change in the story of the stock. So there are better places to invest the money in the 3 to 6 month horizon.
- Company not run by founder, Jeff Weiner seems like an amazing leader but great companies, from an investor's perspective, are run by founders.
- I want to take capital loss for tax purposes.
Price: $114.87
Trade/Portfolio: 3.64%
Position/Portfolio: Closed
Bought Chipoltle (CMG)
- Same reasons as recent posts.
Price: $517.92
Trade/Portfolio: 1.09%
Position/Portfolio: 6.87%
Bought Google (GOOG)
- Same reasons as recent purchases.
Price: $710.20
Trade/Portfolio: 1.03%
Position/Portfolio: 6.56%
Bought Solar City (SCTY)
- Same reasons as recent purchases.
Price: $17.47
Trade/Portfolio: 1.04%
Position/Portfolio: 6.03%
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