By | January 26 2010 1:45 PM

I never really had a chance to build up a position in Ctrip.com (CTRP).  This position was restarted after a long hiatus from the portfolio, mid November at split adjusted $33ish.  Just a starter stake at the time, 0.5% allocation.  I added extra exposure in dribs and drabs but nothing very substantive, then took some profits a few weeks later in early December when the stock jumped to split adjusted upper $38s - the stock went up 8 of the 9 sessions after we bought it.  Once we sold, the stock drifted down, so I bought in small increments a batch here, or a batch there but it never regained anything higher than a 0.6-0.7% exposure on the second go around.