I am going to continue to sell down exposure in long names - especially as our 'generals' are taken for a ride to the heavens. Most of these I cut back last week as well. Aside from these names I have a few others to sell if the S&P jumps 5-15 more points in the coming hours/days.
I am selling almost all remaining shares in Acme Packet (APKT) - it is now not even within sniffing distance of the 20 day moving average. Keeping 0.1% exposure just to have it in the portfolio.
Netflix (NFLX) has apparently cured cancer... at least based on how the stock acts. Same transaction - selling almost all remaining shares, keeping 0.1% exposure.
Tibco Software (TIBX) - same game plan, all but 0.1% now sold.
Riverbed Technology (RVBD) - ditto! Down to 0.1%.
Cleveland Cliffs (CLF) - not quite as overbought as the others but going to sell it down to 0.1% exposure.
I am going to sell half of Amazon.com (AMZN) as it is now stretched.
Long all names mentioned in fund; no personal position
x
Thursday, September 9, 2010
Bookkeeping: Another Round of Profit Taking, Especially in "The Generals"
Posted by
Mark
at
10:10 AM
Bookkeeping: Another Round of Profit Taking, Especially in "The Generals"
2010-09-09T10:10:00-04:00
Mark
Acme Packet|
Amazon.com|
Cleveland Cliffs|
Netflix|
Riverbed Technology|
Tibco Software|
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Labels: Acme Packet, Amazon.com, Cleveland Cliffs, Netflix, Riverbed Technology, Tibco Software
Bookkeeping: Another Round of Profit Taking, Especially in "The Generals"
2010-09-09T10:10:00-04:00
Mark
Acme Packet|Amazon.com|Cleveland Cliffs|Netflix|Riverbed Technology|Tibco Software|
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