Friday the 13th

Got a few things happening in my portfolio.

1. It was a great week. My portfolio is now up about 4%. I closed the day at my all-time high.
   
2. I sold PCU. That drops me back to 30 MFI stocks.
3. PTSC released their earnings after the market closed. I was unimpressed.

I am already having seller's remorse on the PCU sale. I can't complain, I sold at its highest price since May (49.85). I made 33% in my MFI portfolio n PCU and actually had a double for the year+ that I held it. That being said, Cramer has become bullish on copper suddenly:

Copper has been shooting up, and the companies are in a "miraculously good situation," Cramer told another caller inquiring about Southern Copper (PCU - news - Cramer's Take). "I like copper because it's in short supply," he said.

I was surprised when PTSC waited until after market to release their long delayed earnings. I read the release (Patriot Scientific Files Form 10-KSB for Fiscal Year 2006) and frankly it made my head hurt a bit as they seemed to intentionally not state things clearly. Here are my key takeaways:

• They said their annual income for year ending May 31st was $28.7m. Nowhere did I see their quarterly income. The prior 3 quarters had income of 24.886, (1.275) and 4.442m. Using basic subtraction, they made about 700K in the quarter.
• They said from June 1st through Oct 3rd they had joint revenue of $32.7m. I think PTSC only gets 50% of that. So that is about $16.3m in revenues in past 4 months. If you figure they bring 40% to the bottom line, that is about $4m or $1m a month.

For a company worth $400m, that doesn't exactly get me excited. I am glad I sold my side car holding in PTSC earlier this week. I may just break the MFI rule and sell the rest on Monday. I'll see what happenes. I am not impressed with their transparency.

The sale of PCU takes me back to 30 MFI stocks. I was uneasy being over 30. Of course, had I known PTSC was going to be so lukewarm, I might have held PCU and sold the PTSC.

Enough rambling! Here is my list of stocks:

Current Portfolio
Stock	Cost	Current	Gain
MTEX	$13.11	$19.10	46.9%
UST	$39.36	$55.75	46.0%
TRLG	$17.02	$22.25	30.7%
ANF	$61.13	$76.24	25.3%
BBSI	$19.18	$23.99	25.1%
PNCL	$6.68	$8.01	19.9%
MSTR	$94.36	$110.01	16.6%
TGIS	$10.34	$11.82	16.2%
PGI	$7.71	$8.90	15.4%
MGLN	$38.34	$42.32	10.4%
ELX	$17.85	$19.37	8.5%
BLDR	$16.10	$16.90	5.0%
ISNS	$13.17	$13.80	4.8%
VPHM	$11.80	$12.36	4.7%
CHKE	$37.55	$37.64	3.4%
ASEI	$45.85	$46.99	2.5%
KG	$17.31	$17.46	0.9%
FTO	$28.76	$28.90	0.7%
PACR	$32.53	$30.88	-4.1%
RAIL	$58.18	$52.60	-9.5%
TBL	$34.50	$29.62	-14.1%
PTEN	$26.72	$22.66	-14.8%
DLX	$26.36	$21.75	-15.0%
PONR	$30.98	$26.26	-15.2%
PTSCE	$1.31	$1.10	-16.0%
FDG	$34.03	$24.95	-22.0%
HW	$33.04	$25.30	-23.4%
EZEN	$2.84	$1.91	-32.6%
ORCT	$11.83	$7.92	-33.1%
OVTI	$27.79	$15.09	-45.7%
Current Gain/Loss ($)			$64
Current Gain/Loss (%)			0.0%
Sold Gain/Loss ($)			$12,865
Sold Gain/Loss (%)			32.0%
Total Gain/Loss ($)			$12,929
Benchmark Gain/Loss ($)			$18,704
Annual IRR			9.6%
Total Gain/Loss (%)			4.1%

Then finally, here is my graph. The IWV is starting to get nervous. Have a great weekend everyone!