Portfolio: 01/11/13

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One of the really nice perks about my job is that we stick to a 40 hour week.  If I have to work a couple 12 hour days, that means I get Friday off.  Well, I had a half-day this Friday, thus I was taken away from my usual perch during the afternoon trade.

I was doing what I could to stay informed, and managed to witness both WGO and AN move through price levels that I had indicated as places I was looking to add.  Given my circumstances, I made the decision to just trust my instinct and purchased additional shares in both names, buying WGO at 19.41 and AN at 43.06.  Currently, my holdings in AN represent about a 50% allocation, WGO a little bit less…somewhere in the 40% area.  

In other news CTB was kicked around a bit and was sent directly to the bottom of the most recent trading range.  I’m starting to lose patience with this one…it could certainly turn out to be a nice trade…but there is a lot of indecision going on between 25.5 and 26.5 which is making me nervous.

I will add shares with confidence should MRH move through 24. 

PCL is due for a rest, and I’m likely going to be forced to sit and wait for it to resolve.  It’s a learning process and you are along for the ride…I appreciate it.

TTM is acting superbly after the huge run-up on Wednesday…very comfortable with the way this trade is going so far.

All in all, kind of a rotten day, but most of the damage was administered via weakness in EEM and (some in) CTB.

-0.45% on the day, +0.83% for the month.

-EM

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