- To free up cash to purchase other stocks that have been battered in the downturn but have better momentum in the next 3 to 6 months.
- Lock in loss for tax purposes.
- Profit Confidential - For the first quarter of 2016, LinkedIn guided revenue of about $820 million, not the $867 million that Wall Street analysts expected which would be 29%. The stock doesn't deserve the -44% decline after earnings were announced, but LNKD will probably underperform similar companies in the next 3 month because investors are shell-shocked by the drop.
- LinkedIn CEO is Jeff Weiner who seems super smart and super hard-working, however that is not as good as if it were a company run by a founder who was super-smart and super hard working.
- I don't use LinkedIn as much as Twitter or Facebook, not sure why, maybe business only aspect makes it less interesting.
- Still planning on keeping LinkedIn as long term holding because it is a clearly recognized leader with high market share and profitability.
Price $110.01
Trade/Portfolio: 1.25%
Position/Portfolio: 2.54%
I bought Chipoltle because;
- Still trading off $750 highs because of E.Coli issues.
- Company is executing on comprehensive plan to minimize food contamination risks.
- I eat at Chipoltle often with family and friends, and neither is staying away because of health risks.
- The stores look like crap but they are still always full, so if they fix the design, same store sales have some upward potential.
- Inexpensive food chains should do relatively well during fearful times so Chipoltle is a good hedge against heavily tech weighted portfolio.
Price $507.92
Trade/Portfolio: 2.85%
Position/Portfolio: 5.23%
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