March 13 2009

Our timing models have rewarded us with a very fast 10% plus gain in less than a week. While pleased with our immediate gains in the market after being in cash since 2008, it is a bit too fast too furious. While not selling, we have gone into short term hedge mode this morning by selling call options and buying puts with the proceeds. This in turn will lock in our profits for now. Remember, if your broker is not producing results such as these, fire him and switch to JH Blake Capital Management. We only make money when you make money!