Bookkeeping: Selling 1/3rd of Fuel Systems Solutions (FSYS)

I am only selling due to the horrid market - just about every stock we own has had just as good of a result as Fuel Systems Solutions (FSYS) but all the others have been hit with 15-35% losses as "reward". Well this makes us 1 for 20 this earnings season (not in good earnings, but in good reactions) For example, a certain deep sea driller who just posted 88% earnings growth is down 8% as we speak as "reward". Fun times. Better go buy some Fannie Mae (FNM) instead! Our 2 retailers we bought/added to yesterday are screaming up 4% meanwhile on the back of the US consumer ;) This is clearly a ludicrous market.

So I'm going to take 1/3 of the position off the table here at $48.20s as the stock is ramping 17%+. This reduces our holding to 2.9% of portfolio. If this was a bull market I'd just sit back and wait for $65 ...

I am surprised people are not saying "with oil heading to $50 who needs natural gas conversion kits anymore". That's the definition of a bear market - when you are floored by the ability of anything to work in your favor.

I'll obviously be buying the pullback...

[Aug 7: Fuel Systems Solutions - Monster Quarter but Impairment Charge will Confuse]
[Aug 4: Fuel Systems Solutions Garnering Attention]
[Jul 2: Bookkeeping: Buying Fuel Systems Solutions for the 3rd Piece of my Alternative Energy Basket]

Long Fuel Systems Solutions in fund and personal account