My First Post

Sector Allocation

Financials - 30%

Technology - 12%

Tobacco - 11%

Transportation - 11%

Gaming - 9%

Retail - 7%

Foreign ETF(s) - 6.5%

Energy - 6%

So finally after months of laziness and oh ya I'll do it tomorrow I am FINALLY writing my first post. I've been running this portfolio since November 2005 and have used up all my $175,000 in cash. I try not to make many changes unless there is a material change in the economy or interest rates are either staying pat, going down or going up. However that said it's time to make some overdue changes to my portfolio which I will outline below.

Aquantative - An online digital company that was recently bought out by Microsoft I saw a nice 158% gain and now will be selling my position with a market value of over 17k

Harrahs Entertainment - I believe the largest gaming company in the world was bought out by private equity--on this position there was a gain of 30% and now will be selling my position which has a market value of 13k

Bank Of America - When looking at forecasts at the beginning of the year alot of analysts had predicted a rate cut within the end of 2007 or early 2008. BAC is by far my largest position at roughly 17% which in general is a little too big for me. I am currently down 6% on my position which is not much at all however I am going to reduce my position and here's why--I have a strong belief that a.) the subprime fallout has only begun and we might see this thing flush out over the next year or soo bringing anything that is even closley related to mortgages back down b.) I do believe that we might see a rate increase than a rate cut in 2008 which will not be good for Financials. Based on these three factors I am going to reduce my position by about 8 - 10k. BAC is a solid company and a well run bank however I am sure I will be able to pick up some shares even cheaper than where they are right now.