Out with the Old, In with the Old

We are rebalancing Top 20, selling a poor performer that has held in well of late and adding back a stock we had bought in January and sold recently before it fell sharply.  The company we are buying is extremely high quality, oversold technically, reasonably valued and a company in which I have long-term confidence.  The one we are selling, well, not so much.

We are also trimming the name we bought in May when we sold the stock we are buying back - it has done well and offers less return to my target.  We are adding also to two Large-Cap names that I find to be of extraordinary value.

The bottom line is that we are increasing quality and market-cap exposure.