I recently added substantially to my largest position, Wet Seal (WTSLA), in the 3.20-3.35 range (ya, ya, I know... after-the-fact reporting, but whatever, everyone knows how large of a position it has been and continues to be).
As most of you know, over the last couple of years, I've held a large core position and have only traded in and out of a smaller trading position (hell, I started the Wet Seal Fan Club on Facebook a while back -- its administration has since been transferred to Wet Seal, and it has flourished with over 25K fans now). It looks like it's time for me to sell off the trading position and diversify my portfolio some. Well, the run up in its share price to over $4 makes it pretty obviously imprudent for me not to sell off a part of the position. However, it will remain my largest holding.
I know I haven't talked too much about stocks... I've still been very active, but I just blogged less about it since people seemed to be less and less interested. But, based on what a few friends have talked to me about, looks like interest is starting to pick back up. So, maybe I'll have some time to blog about stocks and the markets again.
I've updated the my portfolio holdings on the Yahoo ticker widget. It's a shame I sold off that Kongzhong (KONG) so cheaply way back when. Heh.
Anyway, here's a short list with a rough target buy-in price that I'm still working on... I will probably choose mostly from this list when it comes time to deploy the WTSLA cash.
Amylin Pharmaceuticals (AMLN) - Speculative - (sub-$13)
Arena Pharmaceuticals (ARNA) - Speculative - (sub-$5)
Gulf Offshore (GLF) - ($31)
Linear Technology (LLTC) - ($25-26)
CVS Caremark (CVS) - (sub-$34)
Gamestop (GME) - (sub-$25)
Phillip Morris International (PM) - ($47-48)
Chevron (CVX) - ($68-70)
Research In Motion (RIMM) - ($76-78)
I'll update if and when I do sell some of the Wet Seal, and when I do put some of that cash to work.
Any thoughts appreciated, public or private.