Bookkeeping: Cutting Back DragonWave (DRWI)

I cut some DragonWave (DRWI) yesterday as it broke below the 50 day moving average, and the stock continues to look sickly.  I am going to dump most of the rest of the position here in the $11.30s and take it down to a 0.1% stake to keep it on the radar.   This batch will be at a 9% loss, but entering today I only had about a 0.5% allocation.  The stock is now down 5 sessions in a row, and 8 of the past 9 - while the market has been up for almost all those days.   This action might indicate someone "in the know" (aka the "smartest people in the room") have info I don't have ... perhaps Clearwire contracts are being spread around to new entrants.

That said, someone like Ceragon Networks (CRNT) - one of DragonWave's competitors is not doing much either so we'll see.  Either way, the stock action calls for culling the position and watching for now.

Long DragonWave in fund; no personal position