Bookkeeping: Closing JA Solar (JASO)

I've changed my mind on JA Solar (JASO) for now, and have decided to close this position with a 6% loss. Not a big deal, it was a small(er) position, but with the news flow of late in the sector I'd rather stick with the strongest. While I like JA Solar as an arms merchant (solar cells), I just don't like it as much as some other names and I have enough confidence in the superior prospects and stability of a Suntech Power (STP) that I'd rather own much more of that sort of company than spreading my bets in a basket approach. Put another way I'd rather own a 5% allocation in Suntech Power, rather than 3% Suntech and 2% JA Solar.

When speculation returns to the market, it won't matter what solar stock you own and in fact the worst off will rally the most, but we have the makings of a gorilla in the space with Suntech Power and I'd rather be focusing on stocks who are leaders in this market. Comparing the charts of the two, we can see while JA Solar has held on by the skin of its nails to its 50 day moving average, Suntech Power is in a clear uptrend - so I don't see the reason to take the risk in spreading bets. If JA Solar establishes a better technical position I will revisit this decision ....

I sold the last 220 shares of JA Solar near $52 and netted $11.4K

Long Suntech Power in fund and in personal account