Out of most longs
June 20th, 2006 by 
reality
Well I had thought that my commodity longs would be “buy-and-hold”. But the recent liquidity crunch affected them more than I had anticipated, and more than I am comfortable with. So I closed out all except a few energy income trusts and some Newmont Mining, to retain a modest exposure to gold. I also added to my puts, I feel the trend has turned negative and it could be a long hot summer for the bulls.
Posted in * Portfolio changes, Commodities, Energy, Metals & Mining, Stocks | 