Taking Partial Profits in NUAN, SGR

Includes: NUAN, SHAW
by: Thomas Kelly

Friday afternoon I decided to take partial profits in (NASDAQ:NUAN) and (SGR) on the basis that the stocks have gotten nice 3% pops, but pops are meant to be sold in this market. Therefore, I sold half my position in NUAN at $16.25, and sold 60% of my position in SGR at $56.00. Nuance has earnings due out on Monday, and the way this market has been, I think taking some off is prudent and allows me flexibility should we see further downside.