In sticking to my game plan, I just sold out of my Sallie Mae (SLM) position for a small gain. While the shares are still worth $20 based on their portfolio value and ongoing business, I decided to take the gain and move the proceeds back into cash for now. I have no doubt that I will be able to buy these shares back soon and I will look to do so if they drop down below $12 again.
Etrade Financial (ETFC) has become my largest holding, as I believe the company will receive a takeout offer sometime soon.
A good day all around in the markets, now lets just see if we can keep this ball rolling. My expectations are that we should see some profit taking over the coming days, which will then give us an opportunity to buy back some of the stock that we've sold recently.
