RE:2016 StrategyI've gone to 40% cash after selling my BCE stock today near the open. I agree with a defensive strategy and I decided to sell BCE at the top of the recent range and will buy back in if it trades back down to $53-$54. Have been locking in some profits the last few days in anticipation of a short term selloff.
Still holding a number of defensive, divy-paying stocks like PLC, ECI & EXE, plus one gold producer, and a few others. Nothing terribly alarming about BCE but I think there's now more downside risk than upside potential with all the telcos in the short term. Hope I'm wrong for all of you who are still bullish on the company.
Best,
El Joro