• Ocean Man
    Trimmed some $MO at $33.20. Position too big, lightening up after a battle back to a bit north of break-even. http://seekingalpha.com/s/8pwnd
    11/23/12
    Reply (9)
    • Ocean Man: Had some buys in August that averaged $34.80 and received a $0.44 div, and a double-up in Oct at $31.62. Overall div-adjusted avg $32.99.
      11/23/12
    • Dr. Kris: Any reason in particular you're selling tobacky right now? Charts of both $MO & $PM are bullish.
      11/23/12
    • Dr. Kris: OK, see that you're trimming $MO position...I'd write a covered call to get rid of these right now. Just me.
      11/23/12
    • Dr. Kris: BTW, just want to say I'm not attacking anyone when I ask the why of a trade. To me, the reason behind a trade is of utmost importance...
      11/23/12
    • Dr. Kris: ...even if the reason is "because I always buy $AAPL on the full moon."
      11/23/12
    • Ocean Man: Good question and of course no offense taken. This is more of an overall portfolio strategy. I went more than 100% long (well into margin)
      11/23/12
    • Ocean Man: when S&P dipped to 1350. Want to lighten up on the return over 1400. $MO was just something that got too big on the dip, would love for the
      11/23/12
    • Ocean Man: rest of my shares to keep running.
      11/23/12
    • Dr. Kris: Thanks!
      11/23/12