This was in IRA #4, I increased my position by 27% to 9.4% if the assets in this account. It's now 2nd behind only BRK at 21% of the assets in said account. Prior to this purchase I'm down about 7% year to date on my IBM investment in this account. All dividends buy additional shares.
This account is currently 23% cash which is used to sell cash secured puts.
Year to date this account is only up 21% verses 27.5% for the S&P 500.
I'm to the point where I won't buy more unless it goes lower because most of my accounts are approaching my 10% limit. One of my Roth IRAs is up to 15% so it's more than maxed out. I only bought it today because I had some weekly options expire last Friday in this account.
I like are chances for a market correction due to uncertainty with regards to the Obama income redistribution health plan.