Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Sold Portion of GFA & MICC

|Includes: Gafisa S.A. (GFA), MIICF

Over the last couple of trading days we've sold roughly 30-40% of our holdings in both Gafisa (NYSE:GFA) and Millicom (MICC). Both stocks have risen substantially in the last week and at the times of selling they both were more then 25% above the 20EMA. Thats usually a good sign of being overbought on the short term. Typically signally a sideways or downward movement next.