As mentioned, I did sell my CMED position and I sold 1/2 of my WILC position, which had hit its anniversary date at a very nice 289% return. Then today at the start I bought QKLS, which is a new stock on the screen and will likely hit the mechanical portfolio this weekend (I sometimes front run).
I now have 38 stocks. My movement towards following the quasi mechanical approach is leading towards more stocks. I don't mind the additional transactional costs and I like the broader portfolio. So here are my current holdings and how they have fared (I'll note that my average open stock is up 20% and since the beginning of time, well at least Febraury 2006 I am beating the benchmark IWV by 10 points but still 5 points underwrater):
| QXM | 80% |
| WILC | 187% |
| UEPS | 51% |
| CKSW | 172% |
| KHD | 23% |
| CBI | 44% |
| UTA | 36% |
| HCKT | 30% |
| BR | 36% |
| CMFO | 45% |
| ENDP | 33% |
| PFE | 32% |
| GME | 13% |
| FRX | 28% |
| CSKI | 15% |
| BIOC | 11% |
| RTN | 12% |
| LIWA | 5% |
| AIRV | 5% |
| PRIM | 10% |
| BKE | 13% |
| CEU | 5% |
| AMED | 5% |
| QKLS | 4% |
| WTW | 5% |
| RGR | 4% |
| PVSW | 1% |
| AGX | 0% |
| IDCC | 0% |
| ESI | -1% |
| KSW | -3% |
| WH | 4% |
| JCOM | -11% |
| QCOR | -23% |
| GIGM | -19% |
| GTLS | -19% |
| JTX | -24% |
| CHCG | -44% |
Of the 38, 26 are now of the mechanical variety, meaning I bought them shortly after they appearded on a list for the first time in 52 weeks. With my stock sales, I am still 15% in cash, which at the average amount I place in a stock would equate to room for about 8 new names. CHCG is my next scheduled sale and I will be glad to say good bye.
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