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mikenpdx (< 20)

I'm Looting as LinkedIn shares languish

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May 03, 2013 – Comments (1)

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.

 michael 

1 Comments – Post Your Own

#1) On May 04, 2013 at 1:17 AM, awallejr (83.81) wrote:

Well it is one of the few "social media" stocks I like but personally I think its PE is just quite frankly too high. I have no short against it and do wish you good luck.

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