Buy Chipoltle CMG

I bought Chipoltle today for $452 the following reasons.
- 18 month since e.coli meltdown and company has made a lot of progress fixing the issue.
- Steve Ellis seems as motivated as ever to fix the problem.
- Company continues to buy back stock.
- Mexican fast food should do relatively well in a general market downturn.
- Stock is down from $750 high 18 months ago.

Sell Amazon (AMZN)

I sold shares in Amazon today for the following reasons;
- After 225% run it has become 2nd largest holding in portfolio.
- The stock seems to be getting a bit ahead of itself.
- After 9 year run in bull market, I am moving more into cash.
Price: $789.14
Trade/Portfolio: 1.64%
Position/Portfolio: 11.97%

Sold Solar City (SCTY)

I sold shares of Solar City (SCTY) today for the reasons below.
- Musk and Rive brother's funding latest round of debt signaling weakness in demand.
- Shares of Solar City lagging Tesla which may indicate problems with deal.
- Reasons cited in articles below.
- Musk's announcement of solar rooftop could be a huge boon for the company.

SolarCity: Why Are Shares Not Matching Tesla?, Seeking Alpha, 23aug16
- In June 16, Tesla 0.122 to 0.131 per shares for each share of SolarCity they owned.
- In early August, merger set at 0.11 shares of Tesla for each share of SolarCity.
- Since merger agreement, Tesla shares down 2.9%, while SolarCity shares have fallen 12.8%.

Musk Fiddles As SolarCity Burns, Seeking Alpha, 24aug16
- $125m bonds bought mostly by Musk $65m and Rives brothers $35m.
- "interest rate on these Solar Bonds is steep - 6.5% for 18-month... junk bond category"
- Earnings announced on August 9th, no mention of pending bond filing on August 17th.
- "main purchaser of Solar Bonds in the past has been SpaceX"

Price: $22.56
Trade/Portfolio: 2.02%
Position/Portfolio: 1.98%

Buy Chipoltle (CMG), Sell Oil Services (IEZ)

I bought shares of Chipoltle today because;
- Revenue has reversed trend. This type of inflexion points usually leads to strong gains.
- My family and I eat at Chipoltle more often and we feel that awareness and programs being implemented make it less likely to get food poisoning at Chipoltle than other restaurants.
- Stock still trading well below high of $750 about nine months ago.
- Founder still running Chipoltle and appears committed to fixing the issue.
Price: $426.65
Trade/Portfolio: 1.05%
Position/Portfolio: 7.10%

I sold IEZ because;
- Long term trend in oil seems uninspiring as electric cars and solar continue to nibble away at potential market
Price: $36.74
Trade/Portfolio: 0.55%
Position/Portfolio: Closed position

Buy Salesforce.com

I purchased shares of Salesforce.com (CRM) today for the following reasons.

- Stock down 4.86% after Brexit vote setting up buying opportunity.

- Same reasons as previous post.

Price: $78.86
Trade/Portfolio: 1.26%
Position/Portfolio: 3.72%

Buy Salesforce.com, Sell Solar City

I bought SalesForce.com (CRM) today for the following reasons;
- Quarterly results outperformed.
- Marc Benioff is a charismatic and effective founder & CEO.
- Helping people sell more is a basic business need and Salesforce is a recognized leader.
- SAS business model wins in the long run.
Price: $82.03
Trade/Portfolio: 3.01%
Position/Portfolio: 3.01% (opening position)

I sold SolarCity (SCTY);
- Quarterly results included bookings at half the estimate.
- After limited research on Nevada's feed-in tariff controversy, it appears that while retroactive repricing seems unethical, state has legitimate case to create solar farms and reduce feed-in tariff's moving forward.
- Purchase plans gaining market share over leasing in which SolarCity has a funding advantage.
- Too many regulatory dependencies affecting stock.
Price: $20.31
Trade/Portfolio: 4.22%
Position/Portfolio: 4.22%

Sell Lending Club

I closed position on Lending Club (LC) today because;
- CEO Renaud Laplanche resigned along with 3 top managers after internal audit discovered loans were brought against customer's instructions. Limited details were provided but the fact that the founder and CEO had to resign doesn't make me want to wait to fully understand.
- Profits lower than expected, $0.01 versus $0.05 consensus.
- Stock has underperformed market for last 3 quarters despite beating expectations. This, coupled with ethics questions, could mean they were cooking the books.
- There at least a small probability that traditional banking interests are colluding against loan market places, but it's time to shoot first and ask questions later.
- Sad day for the revolution in banking :(
Price: $5.45
Trade/Portfolio: 4.70%
Position/Portfolio: Closed