ADD to EIX @ $55.78

Adding 2% more to EIX @ $55.78

4% position @ $56.93

The California utilities sold off hard yesterday - likely on fears of a bad wildfire season. Or a big fund is liquidating their positions.

Either way, there's nothing new here. I knew wilfire season is the biggest risk and nothing was reported yesterday to increase this season's risk. That's a formula to add to a position.

(I'm not adding to PCG just yet - being 8% in California utilities here is a bit too concentrated.)

If there's more weakness in the coming days/weeks, I'll keep buying.