Bookkeeping: Selling some WuXi PharmaTech (WX)

I like this name a lot, but it has made a huge run in a short time, and this is a technical near term sell. The stock has run from low $20s to $30+ in two weeks and is now sitting at a key resistance level, the 50 day moving average. I hope to cut back here and buy back lower. I really like what WuXi PharmaTech is doing, it's space and its long term situation - it is just a bit rich in valuation. I also think going into 2008 the medical "space" will be a place people flee too, but since WuXi is a Chinese company it might not benefit from that flight to safety during the 1st half of 2008. I am actually looking at some of its US peers as "safe" investments for 1st half 2008, but they are rich in value too. Anyhow I am selling here in the low $30s and would like to add back if we get a nice pullback somewhere in the $20s - this is a very volatile stock so I don't have an exact buyback point at this time, but mid $20s would be attractive.

Long WuXi PharmaTech in fund; no personal position