Let the Big Dogs Run

I thought that I was going to have to start taking profits in my focus stock portfolio , but much to the chagrin of the IRS, I didn’t take any gains today. Sorry, boys. Read my lips: no taxes for you.

Sometimes the team of stocks you own can surprise you by going 16 for 19 with 5 homers and 16 RBIs in the game, with a few “web gems” tossed in just to frustrate the opposing team.

The portfolio of 19 stocks was up 2.38% today, led by the likes of [[CLF]], [[FDG]], [[MEE]], [[EAC]], [[CLR]], [[WLT]] and [[WFT]]. Even [[POT]] was up again.

At this point, it’s best to simply “let the big dogs run”. Let’m crap on my cat-loving neighbor’s lawn, then reward them with strips of bacon, I say.

My focus on the long side continues to be “grounded” in the areas of oil, coal, and fertilizer. Arab oil sheiks can polish my furniture and wash my dirty clothes, for all I care. (God only knows why I threw that one in there).

Finally, I’m maintaining my bias to the downside, with righteous prejudice.