Sold 25% of Ultra Semiconductor

This morning, I sent a note to members of my free email list saying that I had placed an order to sell one quarter of my original position in Ultra Semiconductor at market close. (To get on the email list, just enter your email address in the field at the top of this page.) The order filled at $21.29, a gain of 17.7%. I sold the first half of the position on June 16 for $19.66. I still have one quarter of the position remaining.

Oil is finally hitting those summer new highs I’ve been writing about since January, and inflation has re-entered the collective worry sphere. The summer slump I’ve been waiting for appears to be upon us at last. I’m happy to be taking profits and setting my sights on cheaper prices among stocks I want to own. I expect to be buying sometime in the next month.

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