I am selling off non-essential names, in order to tie up loose ends and raise some cash. My goal is to raise 20% cash and sit on it for more than 30 minutes, if at all possible. Thus far, I am quite pleased with the doings over at OPEN, which is my largest personal position by size. I own a chunk of the stock with evil intentions of routing out the short sellers, GW Bush style, in order to make them seek God.
In addition, ARO, PSUN and APC are showing some strength, all to do with March seasonality. All three stocks, historically, do exceptionally well during the month of March. Let’s hope for the best, but expect something horrendous.
If you notice, iBC has a different look today, as we launched the iBC Financial News Network. It’s a work in progress, so bear with us. As time goes on, the reporting and publishing of relevant information, pertaining to financial markets will increase in efficiency. Although other finance sites do it well, they are missing a key component to their business models: how does it make you money? My mantra, as always, “if it doesn’t generate revenue, I’m not interested,” exemplifies my stated goal to the tee, with this new endeavor. I hope you enjoy it. For those of you who miss the iBCNEWSBOT300: see the bottom of the page for link to feed.
Once again, I encourage all who blog in the Peanut Gallery to participate in my new “news venture” by posting breaking news and listing it in the news related box, by tagging it as “news.”
Also remember to follow the new iBC Financial News Network Twitter account @iBC_Fn.
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