Filed under: Update
I made three purchases this morning.
CHTT 1 @ $65.88 = $65.88
CPO 1 @ $44.42 = $44.42
SJW 2 @ $33.01 = $66.02
My original intention was to place $100 into purchases each month, but I did want to build my position in Chattem.
SJW Corp. has recovered somewhat from its nasty drop, and could certainly take another small fall. I will continue to make purchases, but depending upon the circumstances, next month I may decide to hold back on purchasing SJW Corp. to give the other two positions a chance to catch up. If the company has fallen further, however, I will use the opportunity to make a purchase.
Generally speaking, I do not want any company to hold more than double the position of the average of the other companies. Since SJW Corp. did have a head start, I will overlook this possibility for the moment.
