
I just recently picked up more of a speculative stock, TWGP, on weakness. I decided to reduce my exposure to another speculative position and use the proceeds to add to a core holding.
Since buying Pan American Silver Corp. (PAAS), it has been fairly volatile. It depends very heavily on the price of silver. While physical demand remains high, the actual spot price of silver can be manipulated by large banks and futures markets. Due to lots of uncertainty, I decided to sell off PAAS for a small profit (about $100) and used the proceeds to buy more Southern Company (SO).
I sold all 250 shares of PAAS for $13.572 and bought 50 more shares of SO for $43.65 which is very close to my previous cost basis. The remaining funds I will keep to deploy later.
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