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
Showing posts with label zz Cisco. Show all posts
Showing posts with label zz Cisco. Show all posts
Wednesday, September 7, 2011
Monday, February 14, 2011
Buying some Cisco
I just bought 1000 shares of Cisco (CSCO) at $18.87. I view Cisco as a high quality company that's somewhat undervalued, so while I don't expect massive returns I still think I'll do pretty well. Also, IMO holding CSCO is significantly more attractive than holding cash (this transaction took my portfolio from $54K cash down to $35.5K), so it makes sense from an overall portfolio construction perspective.
Questions? Comments? mevsemt@gmail.com
Questions? Comments? mevsemt@gmail.com
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