Most of our positions in the model portfolio are trading to the upside today following a bullish economic report, and we are using the opportunity to take some profits in two names.
DynCorp (DCP) is trading 2% higher today at $20.80, and we are selling 200 shares of our 500-share position. We believe the long-term outlook remains very favorable for DynCorp, but we want to lock in some profits following a great run.
Also, shares of Taser TASR hit a 52-week high today and are trading around $12.40. The stock is up nearly 50% since its initiation 45 days ago, and we are pushing our rating to a Two and selling 300 shares of our 800-share position.
We believe Taser has enormous long-term potential domestically and globally, but the prudent move is to take some profits after the recent run-up. If shares pull back to the $11 level, we will look to add to our position.
Frank Curzio is a research associate at TheStreet.com.
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