Bluejeans, The last time I bought more than 3/3s was several years back on Isis Pharmaceuticals. I try to stay with my discipline as much as possible. However, I do have an out if the entire market gets too cheap or too expensive. I can increase the allocation to the portfolio. For examply, I had a 20 pct. allocation to 90/10 in 1994, raised it to 30 pct. in late 1995 and it is currently at 40 pct. So, though the pcts. may be the same, I would be able to add to deserving positions if I changed allocations. In general, I don't. I find new investments. But I've been known to do it. Same with the cap app portfolio, currently at 10 pct. When I think we hit the bottom, in a galaxy far far away -g-, I could increase exposure there. And, I could give it a double dip by adding calls to the 90/10 mix. But we aren't close yet, so I'll continue to hold the positions I consider underpriced in a generally overpriced market and not chase them
MB |
