Bookkeeping: Cutting iPath DJ Livestock ETN (COW) to Raise Cash
Posted on Monday, July 7th, 2008 | In Current Market News, Stocks to Watch
Contributed by: Trader Mark (http://fundmyfund.blogspot.com) -
Cash is quite low so I was looking through the portfolio for candidates to either sell out of or cut back… I chose iPath DJ Livestock ETN (COW) simply due to the fact I think it is more of a late 2008 or early 2009 story and have a flattish return at this point. If we do get a “last leg / swoon” down I want to have cash on hand to buy other ideas. My thesis on COW is not changing – but after a slew of purchasing last week I am poking around for some places to raise cash. This is one.
I sold 400 of 500 shares in the $43s.
Long iPath DJ Livestock ETN in fund; no personal position
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 About Trader Mark (http://fundmyfund.blogspot.com)
Mark is a self taught private investor, fascinated by the market since an early age, discovering mutual funds as a teenager in the 80s, and then moving to equities by the mid 90s. His equity focus is identifying secular growth trends, and the companies most likely to benefit from these macro trends. Stocks are identified through fundamental analysis, although basic technical analysis is used in determining entry and exit points. With a degree in Economics from the University of Michigan, a broader understanding of the economy as a whole, along with interpreting investor psychology is also a major interest for Mark. His career background has focused on financial analysis in corporate America. |
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