I unloaded when we were only up a bit yesterday so I've missed the last 300 points but it would have been foolish to not lock in gains when you're up 30% on the week. I'm sitting in about 55% cash and don't intend to do much today. The downside risk is there but so is the upside. Neutral is the way to be. If you were braver than I, don't sell until late in the day. Everyone who made bank this week is taking profits now, but there won't be any bears willing to put there asses on the line and get short here so I think we have triple digit gains by day-end. I'm still holding Apple (AAPL), Arcos Dorados Holding (ARCO) and ARM Holding (ARMH) cause I've taken such a bath with them and I don't see much more downside (famous last words lol). Also, I still have my Netlix (NFLX) on takeover spec and Alexion Pharma (ALXN) on FDA-approval spec which I'll hold til it happens or I'm wrong. Still long dollar and short euro.
-Stay thirsty my friends ;)
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