What I Am Buying Today.

[cemanuel]

At open I'll be selling all my WHR shares bought at $190 and a few shares bought at $187. I'll buy an equivalent amount of BBY.

It's a gorgeous day - sunny, nice breeze and forecast for mid-70's. If it was raining I'd bury my face in the screen and try for an extra buck or two on each side of the trade - I'd tell myself that matters even though in the long run it really doesn't, much. Instead I'll trade and spend the rest of the day outside.

The above is unless something really wonky happens in the next 40 minutes.

Nice fringe benefit is WHR's ex-div just passed so I'll snag an extra payment. Didn't plan this, just a crazyrandomhappenstance.

I think there's a decent chance that with the lower guidance BBY will bleed lower for the next several days. It might make sense to do the WHR sale and wait for as low as $65 but I'm just gonna take care of it today.

Edit: Sold WHR at $172.56. BBY's early move up surprised me so I stuck a $70.40 (5% yield) LBO on it. Even if it doesn't reverse today, I think it'll get there if, as I expect, the market continues trending down.