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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status | |
|---|---|---|---|---|---|---|---|
| LDK | Electrical Components and Equipment | -56.10% |
|
12 | 18-Jun-08 | Currently Holding |
04-Jun-08
Out of LDK Solar
Holding Rationale for LDK.
For two reasons:
1) Even though the Company itself is in my opinion fairly valued or even under valued, other solar stocks seem very over priced. I wouldn't be surprised to see a substantial decline in solar stocks if oil prices return to more reasonable levels ($100-$110). Though LDK's business is very unlikely to be affected by lower oil prices, I can see it falling along with other solar stocks. I admit that I hadn't really taken this thought process into account when previously taking positions in LDK.
2) I felt uncomfortable with the amount of leverage in my portfolio, which was approaching 40%, and also wanted to take a position in GRMN, which I believe is a value play at current prices and seems to be showing a nice uptrend. I also sold some Apple share, though not many, to decrease leverage.
Posted at 13:21 in Holding Rationales | Permalink | Comments () | Top
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