I woke up this morning and decided to cash in my chips, head the fuck home and eat sandwiches until the Sun explodes.
I know this will throw many of you into mental sinkholes; I upped my cash position to 50% this morning.
DUN,DUN,DUN, DUNNNNNNNNNN.
As soon as the market opened, I started selling out of positions, with great vigor, just because I can.
I sold out of Cummins Inc. [[CMI]] , Green Mountain Coffee Roasters Inc. [[GMCR]] , TEKELEC [[TKLC]] , 25% of POSCO (ADR) [[PKX]] , 90% of [[TAN]] , Corinthian Colleges, Inc. [[COCO]] , 50% of Nucor Corporation [[NUE]] , United States Steel Corporation [[X]] , Martha Stewart Living Omnimedia, Inc. [[MSO]] and Ctrip.com International, Ltd. (ADR) [[CTRP]] . I held onto some names, mainly because I can’t go “Brittney” and shave all of my hair off at once. Instead, I went to 50% cash, like a gentleman sipping on a fancy glass of single malt Scotch. Should the market continue to rally, I will sell another 10% of my holdings, going to a maximum 60% cash. At this point, I simply cannot go to 100% cash, with exception to my personal trading accounts.
At the present, I still own some POSCO (ADR) [[PKX]] , Nucor Corporation [[NUE]] , Flotek Industries, Inc. [[FTK]] , U.S. Global Investors, Inc. [[GROW]] , Jarden Corporation [[JAH]] , CGG Veritas (ADR) [[CGV]] , Brocade Communications Systems, Inc. [[BRCD]] , [[TAN]] , Citigroup Inc. [[C]] , Equinix, Inc. [[EQIX]] , Gammon Gold, Inc. [[GRS]] , GlaxoSmithKline plc (ADR) [[GSK]] , ICICI Bank Limited (ADR) [[IBN]] , The Mosaic Company [[MOS]] , Petroleo Brasileiro SA (ADR) [[PBR]] , SandRidge Energy Inc. [[SD]] , Sociedad Quimica y Minera (ADR) [[SQM]] , Teva Pharmaceutical Industries Ltd (ADR) [[TEVA]] , Visa Inc. [[V]] , Vimpel-Communications (ADR) [[VIP]] and [[CBD]] .
The rationale behind my drastic change in opinion cannot be understood by people with IQ’s less than 155. Therefore, as a result of this conundrum, I will not attempt to explain my actions to you. Just know and understand, football is great and chicks look hot in bikinis. Also know, beer tastes great icy cold.
More on this later.
[youtube:http://www.youtube.com/watch?v=OCkLEo-DT1Q 616 500]
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