Tuesday, August 24, 2010

Bookkeeping: Adding Back to Polypore International (PPO)

Everything I just stated for BorgWarner (BWA) I am repeating in Polypore International (PPO).  I actually dumped the majority of the remaining position the exact same day I did BWA.  However in this case, the stock continued to rally and got into the $29s so my sale near $27 was not as well timed.  Either way, I had locked in a 15% gain at the time, and now can repurchase at some discount as the "gap" is close to filling.  I'll take a stab here and hopefully in a market selloff can layer in a new round of purchases lower.  This is a modest purchase today of under 1% exposure.

Long Polypore International in fund; no personal position

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