New Stocks this Week

Another up week for my MFI portfolio. Overall up 7.6%. Some quick metrics,

• up 57% since January 1st.
  
• Up 122% from my low in November
• 14% above the benchmark
  
• and perhaps most interestingly down only about 13.5% from breakeven.

Today I was helped out greatly by FSUMF, which was up 18% based upon iron ore negotiations in Australia (Rio Tinto Spurns Chinalco for BHP). The interesting thing about FSUMF is that even though I am up about 100% and the stock is at $2.80, Jim Jubak is on record saying it could go to $5 (though he also said there was risk of bankruptcy).

"When I updated this stock Oct. 21, I wrote, "This stock remains what it has been since I added it to Jubak's Picks last November -- a highly risky bet with a very high potential return." That's still true. The upside on this stock is still, I calculate, $5 a share by December 2009. The downside is $0."

Not for the faint of heart. But with what is going on today, I think the $5 is more likely than $0, and investors seem to be agreeing.

I also had CHCG jump about 10% today. No real clue on why it jumped, but I do think the market is waking up to the fact that the Chinese consumer is not as hurt as the American consumer.

"I’m keeping a close eye on China’s consumers, counsels Tim Seymour, they seem to be in much better shape than their American counterparts."

That quote was from Fast Money earlier this week.

I did buy three new stocks this week: UTA, VM and PFE. UTA was a new stock at the start of the week in my mechanical portfolio so I added it on Monday. It shot up a quick 25% this week. Then VM (Virgin Mobile) had stellar earnings in May, a strong outlook at was new to the top 50 list this week. Finally, I added PFE as I felt I am getting too non-US centric and more importantly David Einhorn is a buyer.

Ticker	Company	# of Guru Holders (?)	# of Insider Buys (3 Months)	Industry	Shares	Value ($1000)	2009-03-31 ">% Weighting as of 2009-03-31	from Last Period">Share # Change from Last Period
PFE	Pfizer Inc	15	None	Pharmaceuticals & Biotechnology	5,930,000	80,767	3.4%	New

Finally, here is the chart du jour, UTA exploded up on extremely heavy volume.

Basic Chart	Get Basic Chart(s) for:

Universal Travel Group (ASQ)

Range: 1d 5d 3m 6m 1y 2y 5y Type: Bar | Line | Candle Scale: Linear | Log Size: M | L Compare: UTA vs S&P Nasdaq Dow Want more control over the chart? Try our Interactive Chart. Splits:31-Mar-09 [1:3]

Last Trade: 9.95 Trade Time: 4:00PM ET Change: 1.76 (21.49%) Prev Close: 8.19 Open: 8.40 Bid: 10.05 x 800 Ask: 10.25 x 200 1y Target Est: 7.00

Day's Range: 8.25 - 9.97 52wk Range: 0.97 - 8.45 Volume: 390,980 Avg Vol (3m): 36,820 Market Cap: 138.04M P/E (ttm): 8.36 EPS (ttm): 1.19 Div & Yield: N/A (N/A)