IHNOW trades today!

In today's news we ...

• sold 1/2 of or holdings in Rohm and Haas because 1) news of its acquisition by DOW shot its price up so its value was over 7% of the portfolio's value, much above the maximum 5% target and, since it is about to be multinational DOW, its regional character will be substantially diluted
• sold Toronto Dominion (very diminished regional ties since its acquisition of Commerce Bank)
• bought Endo Pharm, specializing in pain management, based in Chadds Ford and selling near the low of its 52 week range
• bought Sunoco Logistics, Philly -based transporter of refined products also trading near the low of its 52 week range

In other news, value of US Airways has just about been washed out but the airline is still a big player in Philly- what can localites do to boost its value? Penn Real Estate and Sunoco have also tanked but still match portfolio investment profile....