Latest positions and market thoughts

You’ll see I’ve lowered the ratings of several longs and I upped the ratings of several shorts. I’m not bearish overall by any stretch of the imagination, as I think we are still headed into an even bigger equity bubble before this is over, but I don’t like the idea of being overly long here at all. I have also raised a bunch of cash in the last couple, three weeks and I’m comfortable sitting on it for now.

Here’s a list of my latest positions in approximate order from largest to smallest. I give each stock a current rating from 1 to 10, 1 being “Get out of this position now!” and 10 being “Sell the farm, I’ve found a perfect investment” (there will never be a 10 rating, because there is no such thing as a perfect investment, of course). Anyway, here’s the list:

Longs –

• Apple (8)
• Google (7)
• Fusion-IO (7)
• Facebook (9)
• DDD (9)
• Amazon (7)
• Lindsay (7)
• Sandisk (7)
• F5 (7)
• Baidu (7)
• Juniper (7)
• Broadcom (7)
• Nuance (7)
• Zynga (8)

Shorts –

• Apollo (8)
• Dollar General (8)
• Dollar Tree (9)
• JPM (9)
• LPS (9)
• MS (9)
• PSO (8)
• GLD (9)