Bookkeeping: Cutting Back E-House Holdings (EJ)

We just added to our position in E-House Holdings (EJ) Tuesday - took it up to roughly a 3% allocation; I am cutting back about 40% of the stake on this quick spike in price. It's jumped from $20 to $22.80 in two sessions; my limit sell order at $22.70 hit this morning. So I've sold the shares we bought Tuesday in the $20.30s (+12% in 2 sessions) plus some older shares.

The IPO announcement we've been mentioning hit the Wall Street Journal so maybe that caused the spike today. I'll be looking to add back what I sold at lower prices if possible. (under $21 would be nice)

Long E-House Holdings in fund; no personal position