My Momma Told Me

My mother always told me, "if you don't have something nice to say, don't say anything at all". If I held to that, this would be a short blog. Here is the weekly graph. Ugh!

My Kingdom for a Good Earnings Report!

It is hard enough to make $ in this slippery market. To make matters worse, it seems I am on a losing streak with recent earnings reports. Let us count back:

(1) MTEX – down about 5% today

(2) TRLG – down about 5% today

(3) PONR – was down 4% yesterday

(4) ANF – down 2% on Feb 22^nd

(5) EGY – down 4% on March 2^nd

(6) OVTI – down 7% on March 2^nd

(7) PNCL – down 2% on Feb 27^th

(8) FTO – down 4% on Feb 27^th

I am sure I am missing one or two, but you get the picture! I think ISNS on the 23^rd was my last positive report.

Patterson-Energy (PTEN) returned to the top 50 today after a month long hiatus. I do think it was data-related as the ratios came in pretty close to where I had estimated. So it is justified being in my sidecar, even if it has gone nowhere.

I did replace SHOO today in the sidecar with VRGY. This is a stock I have been watching since it had stellar earnings 3 weeks ago. It seems to have settled down at a reasonable price. My sidecar has held up much better than my overall MFI portfolio. I am up about $21,500 in the sidecar (I think I got as high as $25,000), while my MFI is now just up $28-29K (it was up over 50K before the slide). Of course the slide has been pretty wide and my sidecar wasn’t fully invested at the start of the hemorrhaging (yes I did use the spell check).

Current Portfolio
Stock	Purchase Date	Cost	Current	Gain
PNCL	5/4/2006	$6.68	$17.51	162.1%
ISNS	7/7/2006	$13.17	$17.80	35.1%
PGI	4/7/2006	$7.71	$10.32	33.8%
DLX	4/3/2006	$26.41	$32.15	26.1%
VPHM	9/11/2006	$11.79	$14.69	24.6%
CHKE	5/16/2006	$37.55	$42.32	19.9%
BBSI	9/6/2006	$19.56	$22.52	15.8%
ASEI	10/5/2006	$45.85	$52.24	13.9%
TGIS	5/1/2006	$10.34	$11.17	10.4%
FTO	5/15/2006	$28.76	$31.35	9.4%
MTEX	5/22/2006	$13.11	$14.10	9.4%
KG	5/31/2006	$17.31	$18.86	9.0%
AVCI	2/20/2007	$8.65	$9.34	8.0%
BLDR	9/18/2006	$15.91	$17.03	7.1%
CREL	2/26/2007	$12.50	$12.94	3.5%
IVAC	3/6/2007	$26.12	$25.84	-1.1%
ANF	3/5/2007	$74.81	$73.62	-1.6%
PACR	2/26/2007	$28.26	$27.46	-2.3%
LRCX	2/26/2007	$46.66	$45.54	-2.4%
PDS	3/1/2007	$22.58	$21.97	-2.7%
ORCT	6/2/2006	$11.83	$11.46	-3.1%
PONR	5/9/2006	$30.48	$28.86	-5.3%
DGX	2/26/2007	$52.11	$48.97	-6.0%
SHOO	1/17/2007	$32.36	$29.82	-7.8%
TRLG	6/13/2006	$17.02	$15.51	-8.9%
HW	2/27/2007	$24.00	$21.58	-10.1%
RAIL	5/26/2006	$58.18	$50.11	-13.6%
FDG	5/31/2006	$34.03	$22.41	-27.0%
EGY	2/5/2007	$6.42	$4.61	-28.2%
EZEN.OB	6/19/2006	$2.84	$1.90	-33.0%
OVTI	5/31/2006	$27.79	$12.15	-56.3%
Gain/Loss Open Positions ($):				$14,951
Gain/Loss Open Positions (%):				3.8%
Gain/Loss Closed Positions ($):				$14,457
Gain/Loss Closed Positions (%):				9.8%
Total Gain/Loss ($):				$29,408
Benchmark Gain/Loss ($):				$27,979
Annual IRR:				10.5%
Total Gain/Loss (%):				7.7%