BUY GOOGL @ $1,421.85

Buying GOOGL @ $1,421.85

2% position

I know it's not very fancy, but looking at the price of a stock relative to a moving average is a longstanding Wall Street approach to timing a stock purchase and sale. It doesn't backtest well.

But when you like the fundamentals of a company AND the price is approaching your moving-average of choice, perhaps that's a better way?

In any event, I am buying GOOGL. It is approaching the 150-day at a healthy pace. It's in an oversold sector, the tech-heavy QQQ or XLK, and is a company I fundamentally like. 

Now to find a/some shorts to reduce my net equity exposure...