I continue to trim as market advances.
Fearful of insurers/reinsurers and seeking to cut back on my exposure to them, I'll take a loss on recently acquired OB: In 1/11 @ $14.84, I closed now @ $14.04.
As airline HA falls, I'll continue to cut back too and take losses: In 12/10 @ $7.90, cut at $5.92.
Trimmed PLPC @$74.99; in at $28.30 (6/10)
Closed stub MCK @ $79.58; in at $36.35 (11/08)
(Again, the benefit of holding a stub position)
GOV: trimmed at $26.85; in at $25.69 (11/10)
Will consider adding back if stock falls to yield higher
AA: trimmed at $17.56; in at $11.39 (9/10)
BK: trimmed at $30.34; in at $25-27 (6/10-7/10)
I have expected this one to have recovered more than it has.
FMC: trimmed $86.39; in at $44.84 (7/09)
EPD: trimmed @43.20; in at $38.02 (9/10)
My k-1 shows negative UBTI, which for me is a big positive. EPD k-1 report shows maybe a necessity for filing for 5 k-1's representing other sub lp's that EPD has shares of. My accountant will not be happy when I see him this Friday. I'll make repurchases of EPD in ira.
FLY: trimmed @ $14.14; in at $7.04 (6/09)
Okay for this aircraft lessor. Again, still unsure and concerned why aircraft engine lessor WLFC has stalled (-g-, sorry) at a low level. Trimmed more high cost WLFC shares:
05/10 sh. in at $11+, sold today at $12.99.
QCOM: trimmed at $53.43; in at $37.27 (5/10)
WMAR: trimmed at $10.13; in small 12/10 @$9.64
I've not mentioned this specialty retailer of boating equipment before. Stock near stated bv, cash more than debt. I just lost some courage: not sure I want to weather a downturn in business if/as recreational boating takes a dive.
ALEX: trimmed stub @ 53.79. Stock popped Friday on large investment by activist investor, Pershing Square. Bought @ $17-22 with purchases 2-3/09. Again, benefit of holding a stub position...and of buying almost anything 3/09. |
