New position and update...

Back from vacation and back at the game...Today I added PEIX at $25. I liked the action in $WTIC since last week and the alternatives tend to act in concert with oil. I've been very happy with the action in my other two holdings, GG and SLW. GG is up 11% from my purchase about two weeks ago and SLW is up 23% from about the same time. Anyways, I've moved the stops up so I won't lose money on these investments. I'm going to make protective stops a regular practice on all trades from now on. I do most of the time but in this market (a bear indeed) I don't want to take any big losses on swing days. Anyways, here's some links to recent articles by some of the writers I really respect...

Mutual funds suck (http://finance.yahoo.com/columnist/article/richricher/6720)

Housing market collapse? (http://bigpicture.typepad.com/comments/2006/06/haefling_on_hou.html#comments)

Margin accounts heading lower (http://bigpicture.typepad.com/comments/2006/07/margin_drops_6b.html#comments)