Tuesday, November 16, 2010

Bookkeeping: Closing Citrix Systems (CTXS)

One thing about how I manage a portfolio is during downtrends I don't need to think that much as I am quite systematic.  Once stocks begin breaking support, I head for the hills and hence the portfolio composition changes on its own quite effectively.  (granted, you can be whipsawed if the stock - or market- turns on a dime after selling off).  Of course the tricky part is knowing when to get back in after the flush of selling.

To that end, yesterday I got rid of VMWare (VMW) when the stock broke a key support level.  Here is the outcome a day later.

Today, Citrix Systems (CTXS) is looking almost identical to VMWare yesterday.  So I am closing out the position, for the same reasons I closed VMWare yesterday.   I only am taking about a 0.5% loss, but gave up some unrealized gains here.

A lot of the "cloud" stocks are starting to behave badly again.

[Oct 26, 2010: Bookkeeping- Starting Citrix Systems]

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