Thursday, September 4, 2008

Buying back a small position

After all of the portfolio cleanup of recent weeks, I had a little cash left over. So I bought back a partial position in Mass Megawatts Wind Power (2.6% of portfolio). Luckily, I recently sold it at slightly higher levels, so I actually bought back lower. Other than that, the only activity of note in the portfolio today is the decline in the optical stocks, probably keying off weakness in Ciena. It remains to be seen how a general economic slowdown will affect the sector, but many are wary of capital spending cutbacks.