07-15-2014, 02:46 PM
(07-15-2014, 08:50 AM)EricL Wrote: Here is a link to my portfolio update on Seeking Alpha.
Will likely be another move in the next couple of days as Lorillard/Reynolds announced their merger this morning. LO sold off hard and is about 10% below the merger price so I think I will hold off and let the dust settle a bit before selling my shares. I own RAI in another account and rather than waiting for the merger to finalize I plan on selling my position and re-directing the cash. I'm leaning towards buying another utility for the portfolio.
You have a large portfolio, and since you are obviously young and have children you need to spend quality time with, I simply wonder where you get the time for your due diligence. When I was in the working world I had zero time even though I had no small children at home.
I commented on your article with some concerns about IBM. Hopefully others will chime in and you can get more feedback.
If you can wait for a good price for MO, I recommend starting a position. MO has some characteristics to its price action that make buying opportunities fairly easy to recognize. Now is not the time.