yippeee!

Wow! What a wild couple of weeks. I finished out 2007 up 4%, + another 4% on the massive dividend from IPSU that gets paid this month. After the wild swings and excellent forecasting (even if I have to say so myself) I was disappointed with an 8% return. It didn't even recover 2006 losses.

However, the market's turned completely in my favor. I closed CFC today for a 51% profit in just over a month. Last Friday, I covered KBH and TOL for substantial gains.
I've cashed in almost double last year's gains already. With all this talk of recession, I think now's a good time to take a few chips off the table and wait for a bit of a rebound. Also, this will let me reshuffle my positions. Short financials and homebuilders is getting a little crowded.

The thing that bugged me today was the question "what should I buy?" as the DOW dropped over 200. After the close, I noticed that airlines dropped significantly, especially UAUA. I will buy it tomorrow at the open. It's down to a 52 week low, and has 3 straight quarters of solid operating profits behind it. I think it's a steal.