We are selling a little more than half of the bank we own in CG/B after a sharp rally. I still like the stock, which offers 26% to my target, but it is overbought. Our buy, which is one of the original model positions and one that we have traded in and out of successfully on a few occasions, isn't overbought and offers 31% to my target. The dividend yield is in excess of 3.6%, a little higher than on the sell. A good question might be why not sell all of the one we are selling. I think that there may be some upside to my target would be the answer.
We are also adding to our bond position, not because I like bonds here but because we drifted below the 10% minimum...
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