HO HO HO!

Portfolio Breakdown:
APP - 6.5%
BAC - 13.2%
TBT - 15.5%
ITUB - 12.2%
AOB - 10.7%
COIN - 1.7%
COINU 1.3%
TAMB - 21.5%
RIMM - 9.5%
HOGS - 14.8%
SDX - 5.2%
OCNF - 2.0%
BP - 7.1%
MBI - 15.4%
TRLG - 7.9%
TBV - 8.1%
CAD Cash - 8.1%
USD Cash - (55.4%)

USD/CAD - 1.046

Portfolio Performance:
Return Since Last Update - 4.16%
Return Since Inception - 199.39%
S&P 500 - 1126.48
S&P 500 Return (June 30) - 22.59%

The Prior Week of Trading:
Because of the holiday shortened week, I did not do any trading. I am satisfied with my positions and am happy to see them into the New Year. However, I would like to mention the moves I did not make this week. First of all, I am very pleased in the recent run up in the price of MBI shares, after buying into weakness last week I have been regarded with a substantial gain on this investment; I view this as more of a long-term holding, so I dont foresee selling this on any short term gyrations. On the opposite side is the way I have treated my holdings of RIMM. After crossing the $70 mark at the end of last week I was of the opinion it would move steadily to $80 given a flat to upward bias in the market. Instead, it has moved to $67 while I have continued to hold. Given future prospects for the smart phone market and RIM's ability to capitalize and execute I am comfortable holding at this level and will be looking for that $80 target early in the New Year.