Barf, Splat, Gag…My Portfolio

  • Posted by
  • on January 8th, 2008

It’s pretty obvious that the love for Apple and that late pile in to MacWorld buzz combined with the tax selling in January with the real problems in the financials was the cocktail for a massive decline. Congrats to FLY and my man Brian for timing the call nicely and switching easily from bull to bear…kudos my men.

It will get worse, hopefully fast and tomorrow. I feel a real bounce is coming. BUT – that’s the side of my brain that thinks, the bad side. The side that gets you buried.

That said, my Apple and VMW flips at the open were good and I am rebuying tomorrow, hopefully lower.

That’s it on the buy side.

I will further play the long side if I must tomorrow with Goldman, SPY and maybe DIA. Nothing else looks remotely interesting to own other than for a bounce.

My loan short Akamai is a homerun, but it’s nothing against my 50 long positions. My big SPY short has now been mostly covered for an amazing trade, but again, just a band-aid on a hemorrage of giveups. Gold is awesome but why route for that even though I am long. it’s not really good for anyone.

This is going to be a great year for people that stay in the game. Really great. I am looking at deals in Phoenix that should not be possible. It’s a complete giveup here in real estate…no bids. I am going to print money in the stock market at some point soon and so will you if you do less right now and build the good list. You need to jab and move. For me, I am not around the desk enough to trade which sucks because I have been feeling this. It’s also why I reduced my total stocks holdings a few years ago to 30 percent as I have blogged for a while. I will push it to 50 percent soon at this pace of decline at least for a period.

Hope you are surviving the misery. It will help to turn off the TV and talking heads, it’s just noise and confusion for you. Trust me on that.

disclosure- Long VMW, Apple, short Akamai and SPY

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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