Update on portfolio
I haven’t updated the blog in a long time. I have been busy searching for new ideas, as the market seems to have dried out. I’m not finding much in the current market, but there are some interesting opportunities that I’m researching. Here are some recent updates to the holdings:
I sold out of Yukon-Nevada Gold, Goldgroup Mining, and Dolan Company. I wanted to get concentrated on certain positions that I believe would have better returns than these 3 holdings. So I sold these holdings to buy up the following positions.
I bought a new position in Scientific Learning and Chesapeake Energy. Both of these are small positions, as the stock price took off before I could buy all the shares I wanted to. I also bought more shares of MBIA, making it my biggest position. I bought the shares before the recent settlement. I still think there is plenty more upside to MBIA shares as it gets back to writing new business.