Bookkeeping: Cutting BorgWarner (BWA) in Half

July 14, 2010 1:14 PM | 1 min read |

Auto supplier BorgWarner (BWA) has jumped from its 200 day moving average near $36 to as high as $43 this morning - like a bevy of other stocks I own or have on my watch lists, about a 20% move in 6 or 7 days. I am going to sell off half the position and see if I can rebuy lower. As with all sales at this point the same caveat - if the S&P 500 runs over 1100 all sales will look foolish as 99.8% of all stocks will run en masse. Near term upside for the name would be 52 week high of mid $44s.