One of the hottest areas in the market is the American consumer (remember, we're buying now in anticipation of the 2011 recovery, the market is a "forward looking" mechanism) - one of our winners has been
Buckle (BKE) which has just put on a $49 to $59 move in 2 weeks. That's 20% and in this market that is like gold. No wait, gold goes down 5% a day, so it's better than gold. So we are going to lock part of this gain in, and we'll look to add back to this stock on a pullback as it's nowhere near any longer term moving averages. Hopefully we can pick some up in the lower $50s in the future. It is funny as the stock did a major headfake after it's last earnings report, when it initially acted badly in the face of stellar earnings [
Aug 21: Buckle (BKE) - Great Results, Bad Stock Reaction]
We're cutting our exposure from 1.6% of fund to
0.6%Now that we have less positions I plan to go "bigger" into the ones we do have so when we harvest gains from winners they will have a more material effect on the fund performance. By winners I mean financials, retailers, and housing stocks of course. But only those in the United States since we're impervious here to slowdowns.
[
Aug 7: Initiating Position in Buckle]
Long Buckle in fund; no personal position
