Raising Cash

The morning has been kind to my longs and I used the opportunity to take scales in a variety of names.  I have not entirely closed any positions since I would then be without my stocks.

Cash at 15% and may go much higher if I sell TBT.  A directional bet in TLT is 50/50 at this juncture.  If it stays firm, I’m closing the position out which will bring my cash north of 25%.

I did initiate a long in VHC early on.  It’s a very small, riverboat position. The chart picture is tantalizing, albeit irrelevant to the actual fate of price.