Barry, my preference is a very high cash position, around 80%, right now I am down to 75% and will go down to about 60% by the middle of next week to play the rally, then, I will go back up (in cahs) all the way to 80% by the middle to late January. I may jump back in at the ides for another bear market rally.
If had the constitution to short (which I do not possess, and there is nothing about shorting, it is just that I do not do it), I would short the darlings in mid to late January (yes, by then, Kelly, I think that shorting the Yahoo, AOL, COKE, and even my darling CSCO would be profitable). I would also short semi equip and networkers that have had "excessive" rallies by the middle of Jannuary .
Zeev |
