Sold 40% of the Micrus Endovascular (MEND) position at 23.20. I still like the company's prospects, and have no plans on selling the shares still in my possession any time soon. It's just that I wanted to free up some cash and the quick 10% jump in share price was a bit too tempting to simply pass on.
And, since I've got some time, here are a few quick blurbs about some portfolio holdings on the move today.
Amgen (AMGN) had disappointing clinical trials... they went 0 for 3 this time around. Shares fell a fair bit today as a result.
Fortune Brands (FO) is also under pressure today. While its Alcohol and Golf divisions did quite well, its Home and Hardware segment is really hurting due to the housing slowdown. So, they cut their earnings views for 2007.
International Game Technology (IGT) was started at an Underweight by Prudential Securities and given a $46 price target. Shares are on the retreat following that call.
First Marblehead (FMD) continued to outdo everyone's expectations, and so it moves higher.
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