Wednesday, May 14, 2008

Bookkeeping: Selling Some Yingli Green Energy (YGE)

Solar has been on fire the past few days due to some positive earnings reports out of the Chinese names. With Yingli Green Energy (YGE) approaching a 20% gain in 3 days, I am going to sell off another 200 of my remaining 500 shares. Earnings are tomorrow and clearly with the "right" numbers the stock could be up 30% tomorrow for all I know, but if so I will probably sell the last of my position into that spike. When this group gets hot and heavy as it is beginning to, I begin to get nervous. Either way, I can lock in some gains here so I am choosing to, with the stock near $26.20. This takes the position down from 1% of fund to 0.6%.

Again as I stated with some sales of late, on a technical basis, many traders would actually be buying this stock here as it broke above a recent high of $25.50 this AM, but with earnings tomorrow, and not being a riverboat gambler I prefer to lock in gains along the way.

Long Yingli Green Energy in fund; no personal position

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