You can compare this stock performance to Foster Wheeler (FWLT), and see a stock correcting and pulling back to support in the latter name, so before this happens to CBI I want to lock in some profit, and in fact I redistributed some of these profits into a small buy in FWLT (hoping to see $150 or lower on that name to add more). Fundamentally, I am as bullish on both names (and the sector) but these two names are interchangeable to me on a fundamental basis but one is being favored by the market at this moment and one is not. Now, I am breaking the "technical analysis" handbook here which tells you to buy the the one breaking out, but that's just a stylistic choice of my investing style and for purposes of this fund I am taking a longer term view - for you swing trading types you'd be wanting to buy Chicago Bridge & Iron for example (which is what I did when I added to this name last Friday as it was "about" to break out during the Santa Claus rally). I prefer to buy things near technical support and cut back on things nowhere near support.
I'd be interesting in buying more Chicago Bridge & Iron on a pullback to a support level...
Long both names in fund and in personal account
