Not just a pretty logo, but a
in 3 words.
In the broad scheme of things, DRW Financial would be considered to be in the "active management" camp, meaning we continually monitor investments within our portfolios, as well as the rest of the market seeking to carve out opportunities to realize value. Active management in our case also tends to lean toward the use of individual stocks and bonds, some ETFs (exchange traded funds), the occasional option, and generally leans away from traditional mutual funds.
Why did we sell today? Is it possible that the stock price could continue to climb?
It is possible (maybe even likely) that CSCO will post some higher prices in the near future, but as mentioned above, we run these value evaluations constantly and in late April the data suggested that 24 would be a "full valuation" for the stock. At that time we entered a "sell limit" on CSCO at 24 -- we use this type of order to watch the market for us automatically and sell (or buy) a stock if & when the market moves quickly and we may not be available to place a trade. And so it happened that CSCO announced their earnings last night and the market reacted enthusiastically this morning, pushing the stock up significantly (the jump is more evident in the 5 day chart below).