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- Bookkeeping: Cutting Some Cummins (CMI) & Mosaic (MOS); Adding Some National Oilwell Varco (NOV)
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Well my ‘dream’ scenario of this morning did work out - I wrote this when Cummins Engine (CMI) was in the $59sMy hope right now is the stock runs to mid $60s, where I’d lighten up and then refill the position as it eventually falls back to fill that gap in the chart - ambitious plan but it would be a dream scenario.Since I’m not watching every movement of the market (damn day job), I missed the move to $64, but I lightened my position here in the $63s, selling down my position by 40%. (200 of 500 shares) Again, I’d like to add this stake back on a pullback. So if I am wrong and there is no pullback then I still have 60% of my position to ride the wave. If there is a pullback, then I will buyback my shares let go here in the $63s with a target of $56.50 - this would be a 10% reduction… if it worked out that beautifully, well I’d be a happy camper. This selloff still keeps the name at 1.7% stake in case it continues to run….
Fuente Original
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30 Abril, 2008| Fundamental Analysis |
@ 8:22
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