Reconstruction

With all the market volatility and it's crazy ups and downs, I've decided to retire my sea legs and rest on some stable ground. No, I'm not selling everything and buying CDs, but what I will be doing is restructuring my portfolio to about (5) core stocks. Currently in mind is stocks that I already own (GE, GOOG, ABT), and one new (to me at least) behemoth. This stock is Exxon Mobil (NYSE: XOM) which I don't really need to delve into since it's beast and everyone knows it.

As you can see I have strong performers in favorable growth industries, Abbott Laboratories (Medical/Pharma), Google (Technology), Exxon (Energy), General Electric (Conglomerate aka EVERYTHING). I haven't decided on my 5th category though, it's a tie between non-cyclical and a Financial, but I haven't put in the work to decide which has the most potential. Bank of New York Melon (NYSE: BK) and US Bancorp (NYSE: USB) are strong contenders, but I also really love Coca Cola (NYSE: KO). It's my daily addiction so why not invest in it right?!?

Over the next 6 months I'll be slowly selling my current positions and cutting them over to my core 5, buying on dips and in thirds (although may be 4ths and 5ths now).

Puppy Market

This past week has been a tumultuous one which reminds me of a young puppy...it threw up it's food (Monday), then it ate some of it back up (Tuesday), gagged and threw up even more (Wednesday)! Finally ate a bunch of it back up (yesterday) and now is trying to hold it down (today).

As gross as it sounds to watch a puppy do this, watching the market the last 5 days and trying to maintain ones composure is as equally challenging.

I'm still long on most of my stocks, definitely will be increasing my thirds on blue-chip, tried and true dividend stocks. More to come soon when I have time (Sorry, it's still baseball season!). Hang in there...

Crisis in Japan

So Japan's Fukushima Daichi nuclear plant reactors' suffered through a huge earthquake, a massive tsunami, had their cooling systems fail, a partial meltdown, and now their protective cement enclosure seems to have been compromised, potentially releasing harmful radiation into the water table...

However, out of the ashes has arisen a glimmer of hope...CLEVELAND BIOLABS INC! (NASDAQ: CBLI) Yes, they are back in the news and on a tear! And once again I've initiated a position in them. And once again it was at peak! haha. I can never win. I'm long on this one though, lots of press is good press when it comes to biotechs. Hopefully they can get a lot more when the U.S. military starts to help (and hopefully utilize the CBLB502 vaccine).

Spring Clean-up (Part 1)

It's been awhile since my last post, here's a few moves that I've made, specifics to come later when I have more time...

Bought ABT, AMAT, ALTR, COH, KBE, KRE, MO, MSFT

Bought and sold VFH, JKHY, MUB, ERF

Sold 1/3 PGF.

to be continued...