I cut back my McDermott (MDR) and Foster Wheeler (FWLT) positions (at the time these were 2 of my top 3 positions) in late August on the beginning of similar runs so that cost me a lot of performance. While I have cut back some Mosaic in this run (MOS was >6% of portfolio just a few weeks ago), I plan to just set a mental trailing stop (i.e. if the stock drops below a certain level, which I move up each day), at which point I will cut back. Otherwise I am trying to let "winners run", which for many (including me) is the hardest thing to do. Obviously Mosaic is quite the winner; and is now far and away the largest contributor to the fund's success with nearly $28K in gains. Which means fully 2.8% of the fund's gains are due to this 1 name. Next best is another fertilizer stock which has held the top position in the fund for quite a few weeks, CF Industries (CF) @ $23K. Hence you see why I like fertilizer ;) I mean who can't love fertilizer - it makes things green (my pocket, the earth), it feeds children, it's your friend when times are tough... (ok well I made that last one up, but fertilizer is still 'the man').
Long all names mentioned above in fund; long Foster Wheeler, Mosaic, CF Industries in personal account
