Can't See the Forest for the Trees

I think good idea to take a hard look at our entire portfolio and evaluate where we stand on the rest of our holdings.

We are spending all this time analyzing the shit out of RAX and BJs when we have many other securities at 52 week highs. Where is the sense of urgency with these other stocks? Should there be one?

BOA and NCR are almost up 40%, why aren't we talking about banking a 40% profit there? News Corp and Alocoa are up 20% and 30% respectively - why aren't we talking liquidation?

We really need to take a step back and look at the big picture here. What sectors are we confident in for 2011?

Border Patrol

If you haven't heard yet, chances are high that Borders will be filing for chapter 11 come Monday this week, shuttering hundreds of stores. Who's the likely winner in that event? Sources say Amazon, Barnes & Noble, and Google among others.

Out of those 3 top benefactors I have to think that B&N will benefit the most, as they have brick & mortar storefronts unlike the other two and I think prior Borders customers will seek out B&N stores to fulfill their appetite for a local bookstore.

I think it's something to keep an eye on, and potential worth liquidating an asset or two to buy a ticket on the B&N express that may be heading for a big year in 2011 due to this unfortunate turn for the worse at Borders.

http://www.google.com/finance?q=NYSE:BKS

BJ's revisited

What are the groups thoughts on cashing in our short-term profit gains and setting a buy back price? Any appetite for risk, or should we hold on for the ride? Curious to see what you all think.