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Wednesday, October 10, 2007

Blue Coat Systems (BCSI) Flying Again

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2nd largest position, Blue Coat Systems (BCSI) is flying again; my target was $50 by end of year ($100 pre split). The stock is now in mid $46 range, charts a beauty, breakout after a narrow base built over 3 weeks. Boy I really want to lock in some of these gains :) This is a 15% gain in 2 sessions. Technical guy on right shoulder says you don't sell on breakouts! Conservative guy on left shoulder says lock it in! lock it in!

I am going to sell just a bit here, 150 shares out of 1350 or 11% (about $7000). This reduces the holding from 5.2% of fund to 4.85. You happy, guy on left shoulder??

At this pace my year end target of $50 might be attainable by Friday...sheesh. This just seems like a stock that is going to gap up after it reports another stellar quarter so I don't want to be too light on the exposure.

Long Blue Coat Systems in fund; no personal position.


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