Monday, July 9, 2012

Trading in some fertilizer for some fun

The lazy days of summer are usually buying season for me. I can withstand the short-term volatility and news-driven moves knowing that there may be little upside to my buys until a possible fall rally.
That trend will continue this year, and already has, since I've added to my Corning (NYSE: GLW) and bought into the burrito at Chipotle (NYSE: CMG) on dips over the past month.
But there will be exceptions.
One came Monday, when I sold out of Mosaic (NYSE: MOS). The move was this simple: I wanted to free up cash for the purchase of a new mountain bike. Mosaic has had a nice run over the past month or so, up about 15 percent.
The trade closes me out with a better than 6 percent profit overall since I picked it up late last year.
Not great. Not bad.
Just a ho-hum trade and a small profit.
The mountain biking will be more exciting.

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