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Byaaronmat-admin June 21, 2012

Just got into Atlanta airport…holy s–t Batman. This does not look like a pullback from the 50 day. It looks like a failure. Keep positions small…but for now: CRUS is a failed move…especially looking at the SOX…WOULD NOT HOLD. DLTR is back near the buy…will give it one more day. Use 50 day on AAPL. EBAY is ok…but will not be long for the world. I will be watching the open tomorrow.

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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), a state registered investment adviser. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

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