Bookkeeping: Cutting back on Jacobs Engineering (JEC)

Remember, this is an Obama thesis stock (infrastructure) - it certainly is breaking out so I am going to keep about half the position. We doubled down our position on Dec 31st in the $47s and just a few days later we have $54.60s. That's 15% right quick (this was our 2nd largest long position coming into the week)

I'm cutting this from a 2.9% stake to 1.4% - if I could place a trailing stop of about 4-5% I'd probably do that instead, but I don't have that available to me in the Marketocracy.com tracking account I use, so I'm just going to take some off the table and lock in my 15% gain. With a clear of $54 there is no real resistance until mid $60s (200 day moving average) so as long as hope is in the air, this stock can chug chug chug. The chart is a beauty the past week but there is no great intelligence on my part here with JEC - just throw a dart, hit an infrastructure stock, and high five your friend as the stock goes up, up, up ...since hope is on the way.

Thanks Obama! You just have to love a stock market where Washington D.C. is 50x more important than New York City. Capitalism!

Long Jacobs Engineering Group in fund; no personal position