Anatomy of a trade – JLL

A month ago, I wrote this article eluded to my belief that “Big Cities Won’t Die” and I cited the shares of Jones Lang LaSalle (JLL) as one way I’l express my investment view.

https://robzdravevski.com/2023/10/12/big-cities-wont-die-jll/

The chart within the article featured an area where I wrote “the rectangles are moments to buy and accumulate”

That area was around the $118 – $128 region.

The stock traded down to $119.50. I was a buyer at $124.

Tomorrow (in Wednesday’s U.S. trading session), I am selling.

The stock closed today at $151.

Why am I selling?

It’s a 21% return within 3 weeks.

That’s more than 4 years worth of bank interest, earned under 1 month.

And I’m not a buyer at $151.

And I’m not confusing skill with being fortuitous.

I’m taking the profit, there are gaps below.

November 15, 2023

by Rob Zdravevski

rob@karriasset.com.au