Bookkeeping: Cutting Some Strong Positions to Raise Cash

Since we are running low on cash I am looking at a few names that have held up in this abyss (shuffling money from the strong to the weak), to help raise some cash. In a real mutual fund I would hope to open the mail and see a whole slew of new cash coming in as investors see this is a "great buying opportunity" to get shares of Rising Tide Growth on the cheap ;) but since this is a closed system once I am low on cash I need to find more cash by selling something. Or if I got a slew of panic stricken calls saying get me out of this market I'd need some cash to send to you. So I'd rather have it on hand then be forced to sell something into a downturn.

We obviously did a slew of buying this week. Until we get back north of S&P 1275 the bounce is still suspect. These 2 names seem to have help up the best in the past month.

Selling 100 of 150 shares in Illumina (ILMN) here in the $89s. The stock has been incredible and maybe there is more upside to go but I could not ask for more from this name, and we'll harvest some of these gains to raise cash. ILMN is down to a 0.4% stake, from 1.2%.



Selling 250 of 850 shares in DB Agriculture Double Long ETN (DAG) in the upper $28s. Let me make clear my thesis here has not changed, it simply has been acting like a nice money market for us - holding up while the rest of the market crumbled, so I am liquidating some of the position and if we get more of a selloff I at least have some cash to work with to buy other merchandise. DAG is down to a 1.4% stake from 2.1%.



Long both names in fund; no personal position