The MCM AUG Portfolio showed a Loss of ($3,060)

Our early exit in DO, SHLD & SCHN was a shame as all three of these positions would have been positive for the month. That is why I am limiting the 5 strike difference spreads to a minimum. We also suffered losses in NFLX and KMX to put a damper on the month. But just like positive months when we take gains, we have to take losses in stride and go on as well.

Below and in the PORTFOLIO section of the Monthly Cash Machine letter you will see our MCM AUG 2010 Portfolio performance.

The start of the SEPT watch list will begin tonight, look for email and the addition of the SEP PORTFOLIO in the PORTFOLIO section of the newletter.