Monday, July 20, 2009

Bought 20 shares of CMG.B

I just bought 20 shares of CMG.B at $75.30 (probably the high for the day).  I plan on dollar cost averaging into this position over the next few months and expect it to be a core position in my portfolio for years.  I have that much faith in the company.

I guess if it's valuation got somewhere ridiculous around 40-50 P/E I would take gains and try to buy back in at lower prices.

P.S. - I made my first manual error.  When trying to quickly cancel and replace a limit order to up the limit, I accidentally replaced with a sell 100 shares order.  Terrible!  Ended up costing me $10 in commissions to get out of, and lost $7 in the bid/ask spread.

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