I believe the market is overvalued. I’m approaching the market with great caution.I continue to hold my long term positions in Enzon Pharmaceuticals, Alliance One International, Theragenics, and Viterra. I think it very wise to be holding large cushions of cash in the portfolio at this time. Over 30% of my portfolio is currently in cash. Focusing on risk rather than reward seems to be more important than ever. Being an opportunist is of greater value than finding great bargains. Sitting on the sidelines with lots of cash waiting for the right opportunity is always lucrative.

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