I sold 1/3rd of Polypore International (PPO) to lock in profits within a hair of its 52 week high a week ago today. The very next day it fell 9% from where I sold so I bought that exposure back (plus some). However thus far there has been no bounce. I was hoping to see something soon knowing I'd have to cut back ahead of earnings.
With earnings out tomorrow, I'm selling this position down by 2/3rds and as long as the earnings report does no harm to the chart, will be looking to buy back after the release. This will temporarily drop it from a 2% exposure to roughly 0.6%.
Long Polypore International in fund; no personal position
x
Tuesday, August 3, 2010
Bookkeeping: Cutting Back Polypore International (PPO) By 2/3rds Ahead of Earnings
Posted by
Mark
at
11:20 AM
Bookkeeping: Cutting Back Polypore International (PPO) By 2/3rds Ahead of Earnings
2010-08-03T11:20:00-04:00
Mark
Polypore International|
| Edit This Post |
Create A New Post
Labels: Polypore International
Bookkeeping: Cutting Back Polypore International (PPO) By 2/3rds Ahead of Earnings
2010-08-03T11:20:00-04:00
Mark
Polypore International|
Subscribe
Archives By Date
Best Of FMMF
- Blogroll
- 1: Warren Buffet Piles on Europe
- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows