My top 10-ish positions in no particular order: UVIC, GLW, MHR-C/D, GST-A, EGY, GRVY, MSFT, GAME, DRAGF. Changes in top-10: GRVY - stock went up, GAME - bought more
New positions: SLT
Positions increased: PWRD, ADVC, MSFT, MOS, FRFHF
Positions reduced: IDCC
Positions eliminated: ENTR, LTUS, PETS, DLB
Flip-flop: GAME
New year so far started with risk-on stock movement up. It's not clear if Greece and Europe will manage to ruin the party soon. I might start selling some of the positions and raising some cash. However, so far I probably bought more than I sold.
The big position change was GAME purchase to capture special $1.02 dividend. I decided to keep most of my position after the dividend. I believe that after SNDA goes private it's only a matter of time until GAME is taken private too. With divvie cash gone into its parents coffers, the buyout is pretty likely.
I sold ENTR - lack of conviction, LTUS - one of the last crumbling Chinese RTOs, PETS - not attractive valuation anymore and DLB - generous repricing of management options. I practically sold IDCC keeping just a stub as they announced termination of company sale auction. Overall I did well, selling most of my IDCC at higher "buyout-on" prices.
I bought more PWRD during the Chinese blog scare. Added some ADVC, MOS, FRFHF as well as MSFT at rising prices. IMHO, MSFT is still quite undervalued even at $30.
I reentered SLT position. I sold my last position in SLT in late 2009 in $17-19 area. I missed the current sale at $6, but bought a starter position here.
Biggest error so far? Selling some PMGLF for tax losses in December. The stock was super cheap and rebounded hugely. |
