Monday, December 6, 2010

December 6, 2010


I bought Chipotle (CMG) today at $240.84. When I sold Friday I was afraid that it would drop all the way to its 50 day SMA. It looks like it's gonna bounce off its 20 day so I'm back in. I was able to buy a couple more shares also. This is in my other account, so it won't affect the scoreboard. My plan in the near future is hopefully to sell Ford for a nice gain as I catch Netflix and Amazon on a bounce. We'll see. Netflix is up 4% today, and this may be the bounce. My plan is to wait and see if it hits that support trendline that I showed in the December 1 chart.

Also, I sold my Citigroup option for a 25% gain. However, I only wagered $78. It felt more like a football bet than a stock buy.

After Friday the scoreboard reads:

Me 20.84%
S&P 9.83%

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