Today was a sad day because I had to sell Chipotle (CMG). The CEO sold 20,000 shares causing the stock to drop almost 7% as I'm writing this. I got out at $237.24 and kept a 40% gain. The chart above shows where I bought the stock on 9/24. The last red candle is today. As you can see it is dropping below the 20 day SMA. I still like this stock long term and will look to get back in when it finds support.
My aggressive move with Netflix and Ford is working out so far. Netflix is down 7.5% since I sold it and Ford is up 1.6%. That's a 9% swing.
I probably will wait until next week to buy something with my Chipotle money. All the stocks I like right now are either getting hammered or not doing much. The SPY is still struggling to break that $123.00 barrier. Let's hope it can punch through next week.
An update on the stocks I own.
Other account:
GLD: .71% since 11/30/10. Shares bought at $135.63 now around $137.24.
Scoreboard account:
Apple: 3.12% since 10/28/10. Shares bought at $306.42 now around $316.61.
Ford: 3.00% since 11/24 and 12/01/10. Shares average price $16.16 now around $16.70.
C Mar 19 '11 $4.00 call: 25% since 11/30/10. Contracts bought at .39 now around .56.
After yesterday the scoreboard reads:
Me 20.84%
S&P 9.54%
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