Bookkeeping: Cutting Back on all 3 Fertilizer Names

Love the fertilizer sector. Hate the market. So I am going to cut back and hope to buy back at lower prices. As mentioned, the market is near the top of its recent channel and for some reason we've seen a quick intraday reversal. We've seen some tremendous moves in my favorite names so I am going to follow the playbook and continue to raise cash. I won't cut these names any further because Potash (POT) and CF Industries (CF) are now down to 2% stakes, and Mosaic (MOS) is now down below 4%.

Sold 100 shares of Mosaic (MOS) in $107s-$108s



Sold 100 shares of CF Industries (CF) in $123s-$125s



Sold 30 shares of Potash (POT) near $153



I'm not trying to nail the top, but simply layer in and out of core positions and lock in some nice trading gains. If the market selloffs, I plan to get back into all these positions in large scale. In a bull market, these would be wonderful charts to simply sit back and let the market push these names upward and onward. In this market, I just plan to sell to people who joined the party late, and then buy the shares back from them when they get disgusted they bought high... ;) (that's the plan anyhow)

Long all names mentioned in fund; long Mosaic in personal account