Taking Partial Profits in CPHI, Inching Back Into SDTH and Buying KONG Options
Aggregated Source: China Stocks News and Analysis from Seeking AlphaThis morning I decided to take partial profits in (CPHI.OB), selling 20% of my total position at $3.25. I also began to inch back into (SDTH) by buying a small position at $6.80, and I bought a small position in (KONG) December $5 call options at a premium of $0.60. Given the fact that I’m currently in flight training for most of the market day, I’m now relying on limit orders for my trades, and got a bit lucky in getting out of CPHI at the high of the day. My idea regarding SDTH was to buy a small stake at the 50 day moving average and wait to see if the stock could hold that technically important line. Obviously it has broken the line, so while I’m willing to hold that small position, I’m not adding until I see some stability.
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