MORE TRIMING

CPTV

I let my entire position of CPTV go ($20.31) this morning. I still like this stock but, man this thing is volatile. I am bit concerned with the condition of the market and it has a good run since it announced its quarter results. It is traded at 20X of its E06, a fairly reasonable valuation. I am taking profit and lock in some gain.

PD

I also dumped PD this morning. The trust process is moving way too slow, and the service sector appears to be vulnerable here. It also tied down too much of my capital, not to mention my exposure in the sector is rather big (KEGS, TDG, ISC). Although I did not make much money here, nor did I lose any. I am happy in cash for now. Oil is coming down pretty hard and fast here. Is it a correction or is it a trend? I smell opportunity to load up some juniors before the winter drilling season starts. But I would like to have this PKZ resolved before putting more exposure in the sector.