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    November 08

    Tough Sell

    We're two weeks into this challenge and I'm relatively happy with my investment. LRW is at this point flat for the day, but well above the S&P for the same time period. However, the overhead on the purchase of this stock this month is going to make beating the S&P for the one-month reporting period extremely difficult. To make a successful (net positive) trade of this stock I need to sell above 18.27. At least it's heading in the right direction. The complication of meeting a 15% annualized return means that it needs to be even higher. One of the sell triggers that I'm watching closely is the 30 day moving average. So far the stock has stayed well above it, but if it falls below then this trade may be in trouble.