| Changes To The Portfolio This Week |
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This week we closed out our positions in TNDM and ASIA. While both stocks initially showed vigor to the upside, they suffered greatly during this weeks profit taking. So we cut our losses short rather than risk further depletion of the position. The three other holdings showed strong gains for just two weeks of time. We will look for other opportunities in the early part of next week and apprise you of actions taken.
Keep in mind the basic philosopy I use in assembling an investment portfolio;
My approach to investing in the current market environment is diametrically opposed to that approach taken by other advisors and large firms. I am not concerned with growth vs. value stocks, Large Cap. vs. Small Cap., and certainly not with sector allocations. Rather, I am only interested in how a stock is performing against all other publicly-held stocks. To that end I look for stocks that show relative strength over other stocks which primarly translates into profitability and rank within its industry. Once identified, a stock is not purchased unless there is empirical evidence of that stock being acquired in large quantities by big money institutions like Mutual Funds, Pensions, and other large investors. After all, if a stock declines in price when it is sold in large volume trading, it stands to reason that it will rise in large volume buying.
Portfolio Results
3/31 thru 4/10/2009
CLOSED POSITIONS Company PURCHASE 4/09/2009 PERCENT DATE SYMBOL Name PRICE SELL Gain/Loss
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3/31 TNDM Neutral Tandem 24.73 23.93 (3.23%)
3/31 ASIA Asianinfo 16.50 16.07 (2.61%)
Portfolio Results
3/31 thru 4/10/2009
OPEN POSITIONS
Company PURCHASE 4/09/2009 PERCENT
DATE SYMBOL Name PRICE CLOSING Gain/Loss
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3/31 VPRT VistaPrint 27.60 29.98 8.62%
3/31 SNDA Shanda Interactive 39.70 46.41 16.90%
3/31 SXCI SXC Health Solutions 21.14 22.88 8.23%
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