My Positions

This is the list of my current positions.  I will keep it up to date as I trade in and out of stocks.  I hope this list will provide you some insight into what I’m doing.  I believe that the best way to really know what is going on in someone’s mind is to follow where his money goes so I’m disclosing to you my current positions.  Hopefully you will see I practice what I preach on this blog.

  • UYG - Double long the financials.  I got into this position to catch the bounce on a very beaten down sector.
  • DXD - Double short the Dow Jones Industrial index.  I use this position as a hedge against my long positions.
  • MS - Morgan Stanley. The financials were so beaten down and every one was getting hit the same.  Morgan Stanley came out early and wrote down their assets.  They are positioned to be a leader coming out of this crisis.
  • XLV - Health Care ETF.  Health Care is a nice defensive play but it also has good long term trends as the US demographics are getting older.
  • JAOSX - Janus Overseas Mutual fund.  This was a great performing Foreign Mutual fund that tanked during the crisis.  I have held onto it despite its bad performance but have trimmed my holdings.  I got in thinking that foreign markets would outperform US markets but that is starting not to look like the case.  Probably a mistake to hold a mutual fund in my retail account.
  • DODFX - Look at explanation above.
  • FXI - China ETF.  While I think China will be hurt by the weakness in the US market, I think their story is one of long term growth.  They will probably enter a secular bull market as soon as we pass through this current crisis.
  • TBT - Double short the 20 year US treasury.  Given everything going on right now, there is no way that we do not face inflation pressures in the coming year.  US treasury prices have gone through the roof in the last few years due to the flight to safety.  This trade is going to reverse itself and I want to be there when it does.
  • IBB - Biotech ETF.  This is similar thinking to the health care etf.  There is going to be ever increasing demand for health care.  Given all the consolidation going on, I wanted to own part of this sector.
  • BRCM -Broadcom.  I still believe that we are going to need more and more bandwidth.  Broadcom is a leader in chip technology and a leader in chips that run high speed networks.  Stock has taking a beating since I bought it, but I still think it has good long term prospects.
  • COP - Conoco Phillips.  This was my energy play.  I’ve actually had this stock for a very long time.  I joined Buffet in buying this company several years ago.  I still think it is cheap when compared to its competitors and am looking ot actually increase my stake if I can.
  • QLD - Double long the Nasdaq.  I got into this as a short term play and should have gotten out long ago.  I stayed in because I do believe the tech sector will rebound bigger and harder than the rest of the market.  I’m looking pretty smart so far as the Nasdaq is flat for the year.
  • PM - Phillip Morris.  Part of the spinoff I got from owning Altria.  People will still smoke.  Especially true in foreign markets which PM is now a pure play in.
  • MO - Altria.  Got in because I was being defensive two years ago when I knew the market would correct.  Figured peope would still smoke, so have never gotten out of this play.  Probably hold it indefinately.
  • KFT - Kraft.  Spun off from Altria.  Good defensive name.  Held on to it because it was a nice safe play in a market that was going to tank.