Re: Tinkering...
Two sells on last Wednesday drove me to 45% stock, 55% Cash, +39% YTD... Friday saw a nice pull back, so I repurchased my last 2 sells plus some... Watching the "HUGE" bids come in late Friday at the close makes me think I'm on the right track... I've went in and read the proxy fight info, and reasons for it, and decided to increase my exposure... On top of those buy backs, I kicked my Stock position up to 85%, and my cash is now 15%... Based on last years calender, this fight may last another 10 weeks or so before it's decided... But more importantly, there's now a second player that has jumped into the proxy fight... I'd think that could only help drive prices even higher... I've experienced buy outs before, and they're sweet, but never a food fight like this... Mr Lichello liked to tinker so I'm with him... Best regards, Ken
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