We’re continuing to build back a position we exited at much higher levels a year ago

We’re buying 25 shares of Estee Lauder (EL) at roughly $213.94 each. Following Wednesday’s trade, Jim’s Charitable Trust will own 130 shares of EL, increasing its weighting to 1.05% from 0.85%. Wednesday’s small Estee Lauder buy comes as we continue to look for opportunities to increase the portfolio’s exposure to high-quality companies that are on sale but do not carry a lot of economic sensitivity. We believe Estee Lauder fits this criteria and this is a stock we started buying in late September . Although the market is not oversold according to the S & P Oscillator (which was at…