Positions Update

Used the most recent dip in the market to add positions to WMT and BP. Still bearish on the Euro Zone. While I make no predictions about the stock market, I have found no good reason behind the recent rally and think there is no good news still coming out of the Euro Zone.... Used the recent run-up in CSCO from the bottom to shed 20% of the position.... mainly for lowering risk more than anything else...

New Positions and Current positions added!

Been using the dips in the last couple of weeks and initiated positions in Johnson n Johnson (JNJ), Wal-Mart (WMT), British Petroleum (BP) and Microsoft (MSFT). Initiated positions in AIG warrants (AIG.WS) Overall impact to portfolio was about 5% conversion from cash to stocks. Expect to build up a few of the stocks mentioned above into bigger positions over a period of time.

Added positions to Wells Fargo warrants (WFC.WS) and Bank of America (BAC.WS) warrants as well!

I will be limiting adds to my overweight financial stocks in the portfolio with more financials stocks. Still over 50% in cash. No more major moves planned for now.

Behind all the smoke and screens, the fundamentals in the economy have improved very little in the last few months.

A small silver lining for the portfolio, Cisco (CSCO) rallied after last week's earnings announcement and cut my losses big time. A classic mistake of building a position too quickly too big in the last six months.

Inactivity is the key till I get new investment ideas or wait for my investment thesis in the above stocks to pay out... Patience is the key...