CASH (CASH)

(A Top Pick Sept 28/11.) Reduced his cash holdings from 53% to about 9%.

(A Top Pick Aug 17/12.) In the summer, he was only 15% cash but is now at about 30% cash.

(A Top Pick Aug 15/12.) Currently he is almost 100% in cash but plans to be fully invested before the end of October.

(A Top Pick July 4/12.) Tax loss pressure could be pretty nasty this year on Junior gas so there will be some great bargains. (See Top Picks.)

(A Top Pick Oct 14/11.) His clients have from 25% to 40% in cash positions.

(A Top Pick Sept 13/11.)

(A Top Pick Sept28/11.) At that time he had 53% in cash and this is now down to about 36%. He had felt that Europe was going to blow up. He is still skeptical that Europe will ultimately work but he is not looking at an imminent explosion, but a series of disappointments.

(Top Pick Aug 22/11, Flat) She is down on cash since then.

Going from 16-35%. Short term Bearish followed by short term bullish in the winter. Mid to late October he will be looking to buy.

In his current portfolio he has 66% in cash or cash equivalents. You only want to be in sectors that have strong seasonality in the summertime such as gold and energy.

(A Top Pick Aug 18/11.) Cash right now represents flexibility. We are in a very range bound market and are 3.5 years off lows of 2009. We are in a cyclical market and it doesn’t pay to press hard in the 4^th year of a cyclical rally. There is risk in the fall and it pays to have some flexibility and cash does that.