Bookkeeping: Cutting Life Partner Holdings (LPHI) Stake

I am cutting Life Partners Holdings (LPHI) in half as it now approaches its 50 day moving average - unfortunately when we entered this stock the chart was tremendous but just our luck the moment we began buying it broke down. Without having the ability to have stop losses in Marketocracy.com, by the time I noticed this thinly traded stock was already down 10%ish so instead, I added to the position as it approached its 200 day moving average (mid $20s), so at least the average cost was lowered. In fact it ended up being one of our top 5 positions due to this maneuver.

Since we were not able to be stopped out of the majority of the position as it broke below the 50 day moving average support by utilizing a stop loss, we are now "break even" overall instead of booking a solid profit here. This is a very thinly traded stock and we are selling in the mid to upper $31s, and taking our stake from 3.1% to 1.6% of fund.

If it gets back over the 50 day moving average (low $32s) and can hold, that would be a point of strength and we'd add at higher prices.

[Nov 6: Bookkeeping: Beginning Position in Life Partner Holdings]

Long Life Partner Holdings in fund; no personal position