I sold out of YELP and ANFI for profits and tossed the proceeds into a money market. I want to double the size of my AMBA and WETF positions and now I have the money to do it.

The prudent thing to do is wait until after the Fed news to take action, so that’s exactly what I intend to do.

It looks like my FRO is getting a serious blow out today. Apparently, the other Frontline, the one that trades in Oslo, was up more than 20% today. I can only surmise good news was released.

Still checking.

UPDATE: I sold 300,000 shares of FRO. I am still holding another 900,000.

Locking in a big winner here, upping cash position to 55% in the process.

Treasuries are getting smashed, sending yields to new highs. Since everyone is pondering when the Fed will stop QEing, rates are going up–organically. We haven’t had anything to worry about since European sovereign rates were blowing out. Well guess what?

If US rates continue to surge higher, borrowing costs will become burdensome, precipitating another credit downgrade. It’s one of those self-fulfilling prophecy thingies that we’re all so fond about.

The market is still up, but gains have been cut in half. Don’t look now, but a major panic is right around the corner if TLT continues lower.

Do yourselves a favor and get some protection, raise some cash, and DO NOT retweet this post or share it with anyone, else they’ll steal some of these ideas for themselves.

UPDATE: I sold JIVE and MT, raising cash levels to 35%.

I sold out of my CZR for a 5% loss. There is no point in holding onto a trade acting retarded, when there are 100 other names going up as we speak.

I booked profits on SOL.

I sold out of YGE, +20%.

I sold out of VHC for a 3% ding.

For now, the proceeds will remain in cash. However, I am tempted to buy a certain solar name with them.

I booked profits on JRCC.