Bookkeeping: LDK Solar (LDK) v Alpha Natural Resources (ANR)

Alpha Natural Resources (ANR) has retreated a good 15 points since this AM's piece, while Cleveland Cliffs (CLF) has held up (bounced actually a bit) from where I bought it. Now the case is ridiculously compelling to add to ANR to play the arbitrage of the deal - as a reader (and all you emailers point out) So maybe I lucked out because instead of paying up near $120 this AM (where the arbitrage was still in ANR's favor) I bought CLF instead. Sometimes it is better to be lucky than good. Preferably both ;)

Short on cash, I've cut back on LDK Solar (LDK) here - selling 200 of 500 shares after a nice run this past week from low $30s to $39s. This reduces the position to 1.0%. I like the action in LDK Solar but we have such a quick gain here, and the stock is bumping up right against the 200 day moving average - frankly if it pops above the $39s this is a screami...