November 10, 2010

I sold ISLN today at $26.39 and a 6% loss. It was still above it's 50 day SMA and actually resting right on the support trendline. I'm sure that it'll bounce tomorrow since I'm selling it. I'm doing this because I really want to be in Netflix (NFLX) and now is a good time to get in. It had a big green candle today and appears to be bouncing off it's 20 day SMA. I bought shares at $176.02 and plan on keeping them as long as it keeps bouncing off it's 20 day SMA. The chart is above.

I added some money to my account so that I could buy BFR today, but couldn't get the order in before the market closed. It closed at $12.60 and is bouncing off it's 20 day SMA with a big green candle.

I'm now happy with the four stocks that I own on Etrade. Apple and Netflix in the account I'm keeping score on. Chipotle and Intel in my other one. Here's my return on those other three stocks as of today.

Apple: 3.6% since 10/28/10. Shares bought at $306.42 now around $318.00
Chipotle: 38% since 09/24/10. Shares bought at $169.65 now around $235.50
Intel: 6% since 10/20/10. Shares bought at $19.73 now around $21.00

I'll update the scoreboard tomorrow.