Moving to new blog

I will post the link once Its up and running.

The reason for change is not specific. Just this blog does not fit my ever evolving strategy now.

Hold or Fold

My last 16 buys did not go through well. As a general rule I place hard stop on most of my positions but still it hurts. If assuming you dont do that then I think 10% is the maximum pain that one should be willing to take on a 5% position size. With monstrous volatility, I will recede back to the sidelines. Now is not a time to declare bottom even if their is one. Though you can develop a watchlist.

The Buy List

16 Buys, 5% each.

Blue Chips = 20%
KFT @ 29.24
NKE @ 58.96
SNY @ 31.37
BMY @ 18.43

Commodities = 20%
POT @ 80.35
MON @ 88.37
RIO @ 13.45
NUE @ 35.94

Energy = 20%
NOV @ 30.39
OXY @ 50.92
CHK @ 22.70
KOL @ 20.21

Alt. Energy = 20%
PBW @ 11.09
TAN @ 12.61
FAN @ 14.39
SPWRA @ 51.79

Cash = 20%

VIXed

My last 20 buys were VIXed, or taken out by 5% stop limit orders. Not a very enjoyable sight. However, I think we are 'near' the bottom, with the risk of another 10% to 20% downside. Next week would be to start getting long again. I hope to put a list of 20 to 25 stocks here.

20 Positions, if you want to buy today

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QLD, SSO, XLE, XLB, FXI, IFN,

EXM, POT, NOK, CCC, ENS, TRN,

ASTI, SPWRA, STP, ENER, LDK, SOLF, SOLR, PBW

All with hard stop limit at 5% below Friday's close OR 5% below today's purchase price, whichever is nearner. QLD, SSO, POT and FXI are overweighted positions. PBW, ASTI, SOLR, ENS and SOLF are underweighted positions.

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AAPL

It could well pass 200 before year end. Technically it need to hold 170. One year target 250.

Time to get long Solars and Apple

Yes if you can digest some wild swings, it is time to ride the solars. The group has been basing for some time and I think the new administration will be green friendly. This will ensure some good run in the group leading to the elections. Barring some big bad banks surprises I think the group as a whole will be in good shape. Also I think Apple with new products and its iPhone will surprise everyone.

Solars: ENER, FSLR, SPWR, LDK, STP, SOL, SOLF, ESLR, JASO, CSIQ, ASTI

Tech: APPL

Goodluck everyone.