Marah Mag, you could use
Set Free Item Position Mode and
Auto-reposition items in free positioning mode to place your extracted take below your original item.
I built a macro like yours just for fun, maybe you can take a look at it and try it if you want to. It preserves your previous edit cursor position as a bonus
NOTE: You'd need to get Xenakios' and sws' extensions plug-ins to make it work...
SWS' Extension
Xenakios' extension