Bookkeeping: Cutting Most of 3 Positions on Huge Runs
Trader Mark (May 7th, 2008) Writes:
Much like I did with Ctrip.com (CTRP) last week [May 2: Cutting Ctrip.com to Almost Nothing] I am going to cut these 3 positions to almost nil; they are small positions at this time as I cut them at lower prices, but the gains (% wise) have been huge, and the stocks are not near any major support. Fundamentals remain strong in all the stocks so there is no change in that area. Further, this does not mean the stocks need to pullback anytime soon but consistent with my strategy, I am simply going to take the last of these gains off the table and wait for meaningful pullbacks, after some staggering moves. These positions are in the 0.5-0.7% range of the portfolio, so I am essentially dropping them to what I call "holding positions" aka tiny positions (0.1% or 0.2%), but not selling them out ...
Tags for this Post:
2 Names, Bookkeeping, Cash Reserves, Current Market News, Cutting, Marbles, Personal, Portfolio, pullback, Pullbacks, Ratios, stocks, Support Fundamentals, Technical Traders
2 Names, Bookkeeping, Cash Reserves, Current Market News, Cutting, Marbles, Personal, Portfolio, pullback, Pullbacks, Ratios, stocks, Support Fundamentals, Technical Traders


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
