Happy New Year!

Portfolio Breakdown:
APP - 6.6%
BAC - 13.6%
TBT - 15.3%
ITUB - 13.2%
AOB - 11.9%
COIN - 1.7%
COINU - 1.2%
TAMB - 18.5%
RIMM - 9.4%
HOGS - 16.5%
SDX - 6.1%
OCNF - 3.8%
BP - 7.2%
MBI - 15.0%
TRLG - 7.7%
TBV - 3.0%
CAD Cash - 7.2%
USD Cash - (57.9%)

USD/CAD - 1.04

Portfolio Performance:
Return Since Last Update - (0.85%)
Return Since Inception - 196.84%
S&P 500 - 1132.99
S&P 500 Return (June 30) - 23.30%

The Prior Week of Trading:
Firstly, I am updating my holdings and performance as of end of day today (Monday) instead of my usual end of day Friday update due to the New Years holiday weekend. The only changes I made to my portfolio heading into the end of the year was to add to my TAMB and OCNF positions on price weakness. I am watching TAMB closely as they are due to report on their ongoing effort to meet a regulatory order from the FDIC to improve some of their key capital ratios; I expect an update on this situation before the company's scheduled earnings release on January 22, 2010. I did not like how RIMM performed following their positive earnings report this past week and am particularly concerned that the market may view the company as behind the curve in terms of smart-phone innovations; it seems as though the ever-fickle consumers have an appetite for phones that are media friendly, whereas RIMM is more one dimensional focusing on enterprise users. Depending upon my disposition going into some key economic data coming at the end of the week I may switch some of my positions to a more defensive posture; expectations are quite high right now and if employment and retail data comes in soft the market may be in for a correction.