mucho dinero poco trabajo

Yes - Apple is exceeding all sales projections with most if not all
its product suite.

Yes - Earnings are going to blow out all estimates.

Yes - the stock is hitting new highs daily on heavy volume .

And - Market looks very shaky and liquidity is still key.

So I sold out my position today at $271.26.

And then the fight began

Been lucky and fortunate to heed the advice from Richard Golod on 9/09 when he turned positive on the market (see my blog entry dated 9/27/09).

Continue to maintain a long term position in Apple and Google, buying on dips – (bought more Apple today)

60% in cash - Yup remaining liquid - $ n US Treasury money market funds spread across several fund families. (yeah 15 basis points is disgusting - better than a 3% yield on dividend stocks which can get hit another 15%)

High end real estate getting cheaper- a 9,000 + square ft showcase builder house by Pruett which was listed for over $4M last year was just “dumped” by a bank for $1.5M! - $150 square ft on 3/4 acre prime lot in the Concession!

As my dear friend advised me in 1989 (after his friendly bankers called his loans on all his credit lines on which he was current),

"Never, never will I allow my self to be in a position where I can't write a check and pay off ALL my loans!"


In the film industry, they call that “F” You money. Stay liquid and enjoy life!