Friday, July 25, 2008

Bookkeeping: Cutting Massey Energy (MEE)

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See Cleveland Cliffs note. Identical Thoughts. On the plus side it did fill the gap from late May ;)

Down to 1.4% stake with sale in $67.50s

EDIT 12:30 PM - sold another batch as it hits 50 day moving average. Sold in $71s - down to a pithy stake of 0.6%. (seems so wrong to sell off your favorite names, but so right to the hedge fund computers). Lightened up on some James River Coal (JRCC) as well under $38 as it is up 13%.

Long both names in fund; long neither in personal account



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