Week 46 Major Position ChangesFund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual ...

I don't have anything earth shattering to report on these sales, I just want to build more cash and lock in more profits in my layer in, layer out approach. These are names I have not taken any profits on of late, so I am going to begin now. Mechel (MTL) always seems to lag the other domestic names in iron/coal etc by a few days, so its finally making its move, so I am taking a bit off here; same with Cleveland Cliffs (CLF) which despite an "ok" quarter jumped post earnings - it seems people are willing to excuse any bad results in anything in the steel (or related) sectors at this point, and a bit off National Oilwell Varco (NOV). I reversed this week's earlier buys of Potash (POT) and Mosaic (MOS) for small losses (yes I'm a flip flopper - the charts looked ready for ...

I am doing about 2 weeks worth of transactions in 1 day... exhausting. Just to avoid being a pig I am taking down my Cummins Engine (CMI) by 1/3rd. I restarted this position April 18 as a weak dollar, undervalued US multinational [Apr 18: Restarting Cummins Engine as the Rest of the World Moves on Without USA] in the $53s. I am now looking back at old holdings that are industrial in nature and am going back to Cummins Engine (CMI) - which has great exposure to India and China. This was a previous fund position, that I closed in November [Nov 13: Closing Cummins Engine] correctly anticipating a selloff and weak period for these type of names. Since then, on April 30th it reported excellent earnings [Apr 30: Cummins Engine Excellent Report on Strong International Sales] at which point I sold 200 of my 500 shares in ...