SOLD!

Sold WFC yesterday as planned, shoulda waited a day since it's up a little more, but it's ok.  I'm also hoping to sell CREE and possibly OMTR, but I'm in no rush since I don't mind waiting to get back to even.  Don't get me wrong, all are still solid companies, I just need the capital to shift my portfolio to a more dividend-intensive focus.  I'm really excited to see how the credit companies fare this earnings season with all the recent pull-backs in the credit market by the big banks...

Megadeth!

My future sugar momma, Meredith Whitney, said this latest Financial Sector bull run will be short lived.  According to a recent Forbes article, she still believes that the top banks still have not properly reserved against greater than expected losses in home prices.  Her forecasts for 2009 and 2010 are much lower than other analysts' estimates.  However, she does believe that Goldman Sachs (NYSE: GS) will meet Wall Street's estimates.  

A more detailed explanation her Financials analysis are found on this Forbes video interview.  It's a bit long but I highly recommend it.  She provides some excellent insights on the future of our country's economy.

For me, the last time she called Wells Fargo (NYSE: WFC) overbought, I went the opposite way and bought (back in December).   DOH.  I only hit the black with the recent WFC announcement!  I'll listen to the expert this time, and plan to ride this supposed bear market "bull rally" with trailing stops on my Financials.  I still think there will be a Financial bear run (later this year), so hopefully around 3rd/4th qtr I'll pull the trigger again to get back into the Financials...let's see how it turns out!

What's up WHAT'S UP?!

Just got back from the last round of vacations (Japan, Tahoe, Japan again) so I've been out of the tumultous market for a bit.  While I was in Japan (the 2nd time), I did buy some Microsoft (NASDAQ: MSFT).  This was an emotional play for me, but I just couldn't pass up Microsoft at $18!  It's looking good so far.

I also purchased my 2nd third of General Electric (NYSE: GE) yesterday.  I'm not convinced that the market is going up from here, but I figure it wouldn't hurt to buy GE at $10.  I'm already prepared to buy more at $6 if it gets that low again (limit orders are IN!).  I also plan to increase positions in PGF and rebuy PM.  The yield on PM is looking very very yummy.

The market did great in March and is off to a good start this month.  However, the third week of April will be the true test on whether this is a fools rally or not.  GE, Intel (NASDAQ: INTC), and Citigroup (NYSE: C) all report during that time.  We already know that the numbers will be bad, but maybe the outlook will have a bit of a silver lining on the horizon?!  Let's hope so.