Buying More DirecTV

I purchased additional shares of The DirecTV Group (DTV/NYSE) yesterday. The stock closed at $15.41. The first batch of shares purchased were at $15.50.

DirecTV is now a full position -- being somewhere between 4% and 5% of the CG portfolio. My plan is to sit tight and wait for the headwinds keeping the stock down to pass through. The only way I could see buying more would be if the shares plunged while the underlying value remained constant or increased. I don't think that will happen, but anything is possible. And, as always, you'll read about any additional moves made in DTV here.

To see my rationale for owning the stock, click on the company name in the "Current Holdings" menu on the right.