January 5, 2012

Verizon

Added to VZ long this morning after a few down days.  The purchase now makes it my largest position ahead of AAPL.

What I'm Holding

These are my current longs, in order of largest to smallest size (based on Tuesday close):
AAPL, VZ, COP, MCHP, DD, ESV, IAU, DE, WY, BGS, SLB, MWE, CLX, HAL

That's more positions than I'd like to have.  Most likely candidates to get out of are DE into continued strength, and CLX and HAL as both are January options close to expiration.  I'm also likely to trim some WY and AAPL exposure as both have had a nice run recently.

Back For The New Year

Long time no post.  Just didn't make it a priority to keep up with this last year, but since it's time for everyone to make their resolutions, trying to be a regular blogger will be one of mine.

Quick recap of where my view was at the end of the year.  Slightly bullish with a variety of long positions, but hedged with XLF puts and QQQ and SPY put spreads.  Not a lot of capital was committed to the hedges, only about 1-2% of my total account.  Got washed out of the QQQ and SPY spreads on the big up day on Tuesday and have not put any back on yet.  Both ETF's are holding above their 200-day moving averages, so I'm not ready to go short on them yet.  Also got washed out of some of the XLF puts on Tuesday.