Bookkeeping: Cutting iPath DJ Livestock ETN (COW) to Raise Cash

Submitted By Trader Mark
Cash is quite low so I was looking through the portfolio for candidates to either sell out of or cut back... I chose iPath DJ Livestock ETN (COW) simply due to the fact I think it is more of a late 2008 or early 2009 story and have a flattish return at this point. If we do get a "last leg / swoon" down I want to have cash on hand to buy other ideas. My thesis on COW is not changing - but after a slew of purchasing last week I am poking around for some places to raise cash. This is one.

I sold 400 of 500 shares in the $43s.

Long iPath DJ Livestock ETN in fund; no personal position