I sold my retiring stocks this morning and bought the five names I mentioned over the weekend. Bit of a bumpy start as BKE had a rough day (retail seems so yesterday).
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But nothing was exactly inspiring on day 1. I did add a little bit per stock (say a 5% bump), much less than the 30 to 40% bump I had budgeted for. Just does not seem to be a great time for going long.
The five rejects were just down 45 basis points as RGR had a nice day. But the five stocks I sold were down an average of 2.2%. So I guess I was better off for the day with the switch.
Oh well, no sense over-analyzing one day.