Yes, I am doing similar.
I'm selling some stocks that seem to have less potential and purchasing more of the bigger/stronger value opportunities. I'm not convinced though that judging future stock performance between value stocks is actually doable or necessary. Still, I've gotten a little tired of holding FAF, for example, and I sold some under the assumption (or maybe the excuse) that the refi boom is over for this title insurer. I am using funds to build up a small position in MO.
I am trying to rebalance one of my portfolios toward more GAARP stocks. I am holding too many turnarounds, potentials, money losers, cigar butts and maybe value traps. So here, in the past few days I have been taking some profits and some losses as well. (I have many of the latter.) I've built up more cash than I've had in a while. I'm buying a little COST, and I've started to buy a little OCLR, which I consider a GAARP stock. In addition to SNSA, today I've also added a bit to my very small position in HUM.
finance.yahoo.com |
