I'm Jim Kramer and you're about to hear a sample taken directly from today's CBC Investing Club

morning meeting.

We have been going about our thing, which is that we said that there was a gaunt that we had

to go through.

We've now gone through the Fed and we've got Apple tomorrow night, which we are concerned about. We have employment on Friday, and then we have the debt crisis. So we have felt the need to raise cash, and we are still doing so. Now, we had a little stub of Qualcomm that we kept. One of the things I learned is a portfolio measure. Keep a little something on to follow it. Not a significant point, but we knew that it had to go. We'll give more on that in a second. We had to trim sales force because it's been a remarkable story. It's up so much. Good place to raise cash to get us above 10%. Getting a nice bump today on this... Yes, on AI. On this generative AI into Slack as well. Right. I thought that was a very good reason why to get rid of it, frankly, because we need a little of enthusiasm to go.

And then one that I'm going to miss a little is we did Charleston Procter & Gamble because it's rallied so much. It's now a huge position. Yeah, so we'll try and do that tomorrow when our restrictions allow us, but the stock is around the 52-week eye today. That group has been really resilient lately, which is nice, especially head of this Kenview IPO that's celebrating on the floor today.

I always feel good. I was down here. People kept saying, listen, Jim, I want to buy, I want to sell Proctor.

And I said, no, Proctor is my favorite at the time. Well, when it's your favorite and it goes up like this, you have to, unless it's Apple, take some off.

So now, through our sales today, cash will be around 11%.

We were close to 7% about a week or two weeks ago.

But we want to raise cash, just keep a lot of dry powder available.

Yeah, because we've only gone through one part of the gauntlet. Right. We've got three more. Right. And then we'll start buying back some of our favorite names. Of course. To the teeth, the market is not oversold yet, according to the oscillator. Waiting for that as well. So the bat is on the shoulders. Right. I mean, and this is why we trim some Starbucks.

We trim obviously Estee Lauder.

We feel more confident about it,

not something you need to jump into.

AMD, not something you need to jump into,

but we feel confident.

Starbucks is the one believing I feel the most confident.

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