Income Investing and Beyond
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Msg  1539 of 4404  at  8/9/2012 10:52:42 AM  by

hendi_alex


18% cash

 Didn't plan on selling WIN, but with the poor results and sell off, it seemed reasonable to cut the position loose.  Am glad to have the additional cash on hand anyway.  Will take a $20K distribution in January so that cash is now out of play.  I don't like the cash level to bleed down too low.  Unless we would have a drastic sell off or some stock drops in what appears to be a serious over reaction and mispricing by the market, will likely leave most of the cash alone until October.  Funny, how just yesterday it appeared that my WIN August $10 calls would get exercised to free up some cash.  Well that didn't happen exactly as planned!  The portfolio still has in the money covered calls with expiration between now and October, so it is likely that the cash allocation will move up a bit more during the period.


 
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