Long the Spendthrift

Despite selling out of my small Guess?, Inc. [[GES]] position, I am optimistic about the consumer.

From my personal observations, people are spending themselves stupid again. Shop clerks are bragging about sales again and women are whipping out their plastic cards, from their over priced Coach, Inc. [[COH]] bags, faster than the CNBC crew does lines of blow.

Just today, I took a position in thinly traded Jarden Corporation [[JAH]] . They sell all sorts of crap, from camp equipment to blenders. They are, essentially, levered off of the success/failures of retail stores, like Sears Holdings Corporation [[SHLD]] , with great vigor.

Do not misconstrue my passion for the American idiot; my position is a mere 10,000 shares—going into earnings on the 28th. However, in my sick/twisted head, people are rich as hell, smoking pipes and devouring beluga caviar, as if it was cereal.

Bottom line: At the moment, many of my tech positions are stale, not doing a damn thing. I have built up a cash position, just north of 20%, and I am bored. So, to remedy, I am taking out a few floater positions, while keeping my eye on my current heap of “waste o’time,” so that I may sell them into strength. In other words, I am reshuffling the deck a bit.

DEVELOPING….