Hi guys, sorry for the late update. I was out of town in beautiful Scottsdale, AZ, just got back to Chicago yesterday afternoon. Wow, crazy how a couple of hours means an almost 70 degree difference in weather. I also caught a cold which is no fun. Anyways, last week’s numbers will have to be calculated at a different time, suffice it to say I will use the numbers from today to count as last week’s.
Account value as of close of today: $12,922. This means a $772 gain so far this month.
So, today I sold GILD, my buy last week at a decent profit. I bought the GILD breakout at $77.88, only 155 shares. Today, I sold the 155 shares at $81.07. I made a decent profit of $486.55. Now you might be asking, doesn’t that go against your rules of holding winners and letting them run? Well, you would be correct but I saw a much better opportunity brewing in FB. Technically, there was really no reason to sell GILD, I just decided to move the money into a different stock.
This takes us to FB. I bought 190 shares of FB today at market, getting filled at a price of 58.2899. Here is what I saw and why I bought:
As you can see I am looking for a Triple Top Breakout – we had a great move today, and it looks like this will continue, probably a runner until earnings. Only time will tell.
I also added to my holdings in BLUE, I added 50 shares at 23.77.
TheTradingJD 