WuXi PharmaTech (WX) is a small position that has languished for a long time that has popped severely the past 2 sessions - I don't see any news but maybe good news about earnings at the end of the month is leaking out. Either way I am going to cut this position to "tiny" (sub 0.1% stake) and buy back on any material pullbacks. That said, for the first time in eons the chart is looking nice, but we have a 30% pop in just a few weeks so I'm going to lock it in.
This is one of the contract research organizations, a sector I really like, but based in China where it should have a major labor cost advantage. Selling in $23.20s; so far this stake has been a money loser for the fund. [
Nov 2: Two New Foreign Positions Added Today] Luckily the other name I bought on the same day in early November has been a huge winner for us.
Long WuXi PharmaTech in fund; no personal position
