Originally when I bought the 300 shares back in March I was looking to get the portfolio jump started in a big way. Buying a high yielding Dow component always interests me and seeing Pfizer trading around $29 and yielding 4% seemed like a no brainer. The current yield is now around 3.3%
I honestly thought the stock would flounder in the high 20s to low 30s throughout the year. Collecting $360 in dividends is very cool, but now that my capital gain has exceeded $2000 in less than 4 months I am getting an itchy trigger finger.
I recently purchased 100 shares of ABT last month and 25 shares of GILD, so combined with my 300 shares of PFE I am a bit heavy in this sector. PFE has now exceed XOM as my largest position.
Maybe I'll just cut the positions in half and buy something else. I have an open $32.00 M call that would yield me close to 5% and the stock price is in the mid 35s. This would allow me to lock in some profit and increase my yearly dividends.
The struggle to make this sell decision is bigger than expected...