I'm Looting as LinkedIn shares languish
this is post is part of my resolution this year to force myself to post about my buys/sells for the next 12 months. mainly for me but feel free to comment.
i got to this point because i was overconfident in what i thought i could do. I got caught up in making short term plays to try and pump up this account so I had more money to build out my longer term holdings. not Foolish, and i should have known better. by forcing myself to post what actions I am taking, I will hopefully avoid last years pitfall.
for context, i don't expect to have any new money coming in for another year or more and this is a retirement account.
Ok, looting might be a bit of an exaggeration but I increased my stake from 3.5% to about 5.2%.
My first purchase is already a double in less than 9 months time. I had been looking for a time to add but the stock just kept climbing. So with the recent earnings pullback that followed what looked to be a pretty darn good quarter I decided to buy a few more shares today @ $175.
This is a company that will probably always look expensive and that is going to evolve over time. I need to study this one a bit more to be as comfortable with it as I am some other of my holdings. I bought today mainly as a way to add to a winner and take advantage of the short sighted 13% sell off.