Wyndham Worldwide (WYN) is becoming one of my favorite stocks this year - buying each dip has been very lucrative. Unlike many names, it actually pulls back relatively sharply and then bounces, which is perfect for the way we trade around a core position in a stock. After an upgrade in late September by Goldman, we have another upgrade today (from Goldman again?!)- pushing the stock up over 9%. I am going to sell 60% of the position at $17.75, and we'll keep trying to continue this pattern - buy the dips, sell the rips. Even here, it is *still* cheap - hope it doesn't run away on us.
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