Bookkeeping: Cutting Some Mosaic (MOS) Today

This is simply a strategic move to be disciplined and raise cash when offered. #1 position Mosaic (MOS) is up 6% or so to mid $64s. I had bought quite a bit in upper $50s-$60 on the last pullback, so I am locking in some near term profits and raising some cash. I think Mosaic is woefully undervalued considering its pricing power in any sort of economy, and will make a run to $80 in time, but until the market returns to normal we seem to be range bound on this name. If we get another pullback to upper $50s-$60, I will simply buy these 200 shares back. Unfortunately this pattern of trading is the only way to make money in the past month.

Sold 200 of 1100 shares or 18% of position raising roughly $13K. Mosaic remains the top position in the fund at 5.1% of fund.

Long Mosaic in fund and in personal account