Monday, December 13, 2010

Magna



Still holding this. It's not going to get the boost that materials are getting from the dying dollar, but still is starting to look like it has a chance of avoiding a pullback to 50 and trying for the highs again. I'm just not sure how long the rally will hold this week. Portfolio is still 60% long, 40% cash. I want to get that down to about 20/80 or 30/70 as we push into SPX 1250.

Just what I do with Magna will have to depend on intraday technicals.

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