As I have mentioned several times on these pages, I keep a mechanical portfolio that simply takes new stocks to the top 25 that appear over the weekend. I then track this portfolio against the S&P 500 and (for fun) Steve Alexander's Magic Diligence portfolio.
So far, my portfolio has not exactly been great shakes, I trail the S&P by about 2 points. However, I added 4 stocks over the weekend and they have been pocket rockets in the first three trading days this week:
BIDZ from $2.39 to $4.19
KBR from $10.45 to $13.72
OPTV from 0.94 to $1.20 and
IBAS from $1.21 to $1.38.
I don't have my calculator handy, but I think the 4 stocks are up an AVERAGE of 36%. I thought the action on EGY on Wednesday was very positive. On what should be a light volume day, they traded 72% more shares than normal and the stock was up 24%. I wondered whether there was some rumor about some oil being found through their exploration wells. They keep hyping in their press releases about the potential for discoveries. I'd feel better about that if there was some inside buying going on... but perhaps the trading windows have been closed for insiders of late as they have material non-public info.
My big non-MFI buys of late were a split decision - STP (my Chinese Solar company) warned of lower upcoming production and they crashed one day, but have moved up some since. Then VR has gone from $18 to pushing $23... which was a very profitable move for me, and I collected a 20 cent dividend to boot. Wednesday I bought a ton of FSUMF, which was selling for a paltry $1.25. Again, this is a basic resource play, but they have a huge competitive advantage with their proximity to China, which saves them a ton in shipping costs compared with their South American rivals. Jim Jubak is big on this company, as is Ian Cumming.