Here's the update on the portfolio readjustment:
From being up over 40% in the beginning of March, our portfolio, which by rule we can only change at the end of every quarter, is now up only up 3.6% for the year. Indeed, after seeing the direction of the market in January, I would have made many changes to the portfolio, encompassing the themes that seemed prominent for the year. Nevertheless, rules are rules, and we have a lot of spring cleaning to do.
1) Stocks we're dumping: ASDS (down 74%), ICGE (down 50%), ARBA (up 9%), OPTO (down 50%), PFSW (down 58%), CLIC (down 37%); IIJI (down 34%); AETH (up 142%).
Notice that I am basically getting out of our B2B stocks and trading them for other sectors.
2) Adding to the portfolio at Friday's closing prices; IMNX @63 7/16; IMCL @76 7/8; AOL @67 1/4; IBM @118 3/8; AAPL @135 13/16; EGRP @30 1/8; WDC 7 7/16; NTCS @9 3/4.
I will readjust the portfolio accordingly, making sure the correct gain of 3.6% for the quarter is reflected.
I think the addition of a few more bluer chip stocks to the portfolio will make it a little more stable and enable us to receive better returns this spring.
Stocks I continue to like on the more speculative side are MCAF - which performed well for us in March...AMAT - which is benefiting from the semiconductor boom...ADBE - a very undervalued software blue chip; MACR - same fundies as ADBE and also spinning of ShockWave.com...
I will be doing more updates on our portfolio in the coming days.
-Stock Operator
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