Today I sold my 1,000 shares of Cisco. I originally purchased it back in February (http://mevsemt.blogspot.com/2011/02/buying-some-cisco.html) because I viewed it as "significantly more attractive than holding cash." So let's see, I purchased it at $18.88 (outlay of $18,875) and sold at $15.48 (proceeds of $15,476). Whoops...
Anyway, the main reason for selling CSCO is last week I purchased JCP. Basically, this was a sell-cheap-to-buy-cheaper trade out. Additionally, after buying JCP the % of my portfolio in cash had fallen to the low 20's, and selling CSCO brought it back up to the low 30's (a level at which I'm much more comfortable given today's environment).
Questions? Comments? Email mevsemt@gmail.com
