Relax and Manage...

      In 2010, we've a few good HITS  (TIE, BGP, PIKE, BKCC, TGIC...)  and bad MISSES (XOMA, PDLI).  Our Ratio had never been lower than 8:1. 

      Especially with the Market in Flux (missing 2009, yet?), it's a good time to Actively Manage your Portfolios.  Even our best picks wouldn't be on the HITs List if we'd just bought them and not sold or taken profits at strategic points.  And the stocks on the MISSes List don't bother us too much when considering the Long Position on them. 

     We've taken a bunch of Statics out of Our Ports over the past months, which has enabled us to Grow.  Our Rule is a stock has a 3 Month Period to Perform.  After that, we decide on Dump or Hold.  We breath deeply and Take the Dive on non-performers (PDLI) and move on.
     It's only when your Trading Become Static that you really start losing.

     I never Publish a Strategy until it has done well (working on a couple for the Fall).  As for Picks, I could come up with 20-30 per day; but my Due Diligence on them would be Sorely Lacking on them and This Advisory would become completely irrelevant; won't happen.  My "subscribers" know what I mean...

Now, Relax and Do Your Managing.  To paraphrase a popular soda commercial "Do the DUE" (Diligence) [no, we don't own Pepsico!].