New position - CSX

I just added a position in CSX, a railroad company. As you may know this is an industry Warren Buffett added to his portfolio in April. In April he disclosed he added BNI to his portfolio. He added them at around $81.50/share which is just about where prices sit now roughly six months later. I'm not as long term oriented as Warren but I expect CSX to move to $100 in the next 2 to 3 months. As everyone knows Warren is the best at picking sound companies and holding them. So we can assume that the company's (on average) will maintain a long-term uptrend. What I've noticed is many of his investments also display very deliberate and very visible intermediate and shorter term movements. Check out the very smooth undulations in the 1 year chart for BNI, these moves provide the opportunity to make extra money within the long-term move. That is in essence what I try to accomplish, try and take smaller pieces, with less run-downs within a long-term uptrend.