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No. of Recommendations: 4
Congrats to PhoolishPhilip and DerangedMonkey / SpocksBrainsRtns for calling this one

sorry - had to correct the ID.

Two comments:

1. I'm not happy with the premium. CDW was getting its act together and new acquisitions had the possibility of reigniting the top line again. I think the stock could have reached this price anyway and this is a cheap gain that removes the company entirely from my universe and I'm not happy about it.

2. Perhaps nobody cares, but CDWC is the perfect symbol of a crisis here in DM/SB/TIS land. Namely, that while I feel (emphasis on 'feel') like my investment philosophy and style is superior, my position size allocations absolutely suck. CDW is such a classic example because I've been high on the stock for a long time and got another chance to reload this year but didn't do it. So as it is, this 'gain' doesn't do enough in my accounts. It is easy to forget - I've been doing this OPM thing for almost as long as Lynch ran Magellan, and there comes a time where you've got to realize that a rut and a rot has set in and it is time for a wholesale change. I've reached that point. My problem is with position sizes and holding periods. I've been working on a new way to help guide sizes and my rotation is in implementation mode today. I've also totally jettisoned the position allocation guidelines I've been using for the past 3 years or so. I've been doing a lot of simple spreadsheet work on tracking holding periods and have almost committed to a fixed holding period. I've started using limit orders almost exclusively while ignoring the market during the day. All in all, it is the most significant change that I've tried in the past 5 years or so. I'm confident but as that old sage and old fart Bill Parcells said, you are what your record says you are.
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