Selling Partial Position of Shengdatech Inc (NASDAQ: SDTH) in the Portfolio

We did a partial sell of Shengdatech Inc (NASDAQ: SDTH) position today. 1000 shares @ $12.38 were sold in the [model portfolio] . While the stock remains strong fundamentally and from a technical analysis perspective, it has moved sharply higher in a short amount of time, so we feel it prudent to take some shares off the table. We are also moving our stops up to $11.75 to protect our gains on remaining shares.