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Fresh Del Monte Produce Inc. Message Board

  • value_tracker value_tracker May 1, 2007 10:51 PM Flag

    Sold Half Of Position

    I had originally bought at $22, then doubled down at $18, then doubled down again at $16, so I had a lot of shares. I had originally thought that management would buy the company before the turnaround happened. But that isn't the case.

    I think therefore that taking half my money off the table was smart today, between $23-24. I hope this continues to go up, but I think that all of the good news is priced into the stock, and that it is going to take some time before more good news will take this into the $30 range.

    Good luck to all longs and shorts.

    - Value Tracker

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