10-29-2013, 07:35 PM
So yesterday I sold off another 25 percent of my INTC holdings. This still leaves me with a very large pile of Intel – it is still my 4th or 5th largest holding, and still accounts for almost 7 percent of my dividend growth portfolio. So I remain heavily invested in the company, still rooting for its success, and still optimistic that they will get earnings moving in the right direction again, eventually. And I am happy to collect the healthy dividend while waiting for that to happen.
But as I’ve stated before, my confidence has been shaken, and I just was not comfortable with my previous exposure to the company at around 10 percent. The price has been up a bit in recent days, which I took to be a good opportunity to pare back my position. I sold the shares at a small profit, so it is hard to feel badly about the trade.
I’m happy to have a bit more dry powder for other opportunities as they arise. I am considering whether this move is part of shrinking my exposure to tech overall, or perhaps I will reallocate so that my tech holdings are simply somewhat more diversified.
Will certainly keep you all posted!
But as I’ve stated before, my confidence has been shaken, and I just was not comfortable with my previous exposure to the company at around 10 percent. The price has been up a bit in recent days, which I took to be a good opportunity to pare back my position. I sold the shares at a small profit, so it is hard to feel badly about the trade.
I’m happy to have a bit more dry powder for other opportunities as they arise. I am considering whether this move is part of shrinking my exposure to tech overall, or perhaps I will reallocate so that my tech holdings are simply somewhat more diversified.
Will certainly keep you all posted!