Earlier this morning, with the market appearing to move moderately higher (before a dip and then another rally!), I looked to find that 5th position to complete my 5 position minimum in my portfolio. Applying my reduced size strategy, the average size of the other 4 positions was $3000, so looking to invest 1/2 of that amount to complete my five postion minimum, I saw that Esco (ESE), one of my old favorites on the blog was on the list of top % gainers on the NYSE, and I purchased 47 shares at $32.56/share.
As I write, shortly before the close of trading today, Esco (ESE) is continuing to move higher (along with the rest of the market) and is quoted at $34.36, up $3.97 or 13.06% on the day.