Mecahnical Update - June 12 2010

As I have mentioned this week, the formula is falling on tough times. In my mechanical apprach, which has worked quite well, the open stocks are trailing the S&P 500 in the top 30 list. Many of the recent additions are downright dreadful:

Symbol		Original	Current	Dividend	S&P O	S&P D	Stock Chg	S&P Chg	Diff
ONTY	6/11/09	2.60	3.51	-	95.08	2.10	35.0%	17.6%	17.4%
VM	6/11/09	4.24	5.50	-	95.08	2.10	29.7%	17.6%	12.2%
BPI	6/19/09	16.74	19.70	-	92.04	1.58	17.7%	20.9%	-3.2%
MTXX	7/2/09	5.77	4.57	-	91.84	1.58	-20.8%	21.1%	-41.9%
JTX	7/2/09	5.74	1.58	-	91.84	1.58	-72.5%	21.1%	-93.6%
GIGM	7/24/09	4.98	2.31	-	98.06	1.58	-53.6%	13.5%	-67.1%
CBI	7/31/09	13.95	18.41	-	98.81	1.58	32.0%	12.6%	19.4%
BR	7/31/09	17.27	19.55	0.42	98.81	1.58	15.6%	12.6%	3.0%
LO	7/31/09	73.72	73.71	3.00	98.81	1.58	4.1%	12.6%	-8.5%
ITWO	8/7/09	14.36	19.73	-	101.20	1.58	37.4%	9.9%	27.5%
BKE	8/14/09	26.54	34.85	2.20	100.79	1.58	39.6%	10.4%	29.2%
GTLS	8/14/09	20.73	18.13	-	100.79	1.58	-12.5%	10.4%	-22.9%
PRIM	8/14/09	6.95	5.95	0.08	100.79	1.58	-13.3%	10.4%	-23.7%
SEPR	8/14/09	18.12	23.00	-	100.79	1.58	26.9%	10.4%	16.5%
PVSW	8/14/09	5.00	4.85	-	100.79	1.58	-3.0%	10.4%	-13.4%
CEU	8/21/09	5.10	4.08	-	102.96	1.58	-20.0%	8.1%	-28.1%
cytk	8/28/09	3.04	2.78	-	103.38	1.58	-8.6%	7.6%	-16.2%
jcom	8/28/09	22.14	22.99	-	103.38	1.58	3.8%	7.6%	-3.8%
AMED	9/4/09	35.00	46.33	-	102.06	1.58	32.4%	9.0%	23.4%
MIPS	9/18/09	3.72	5.47	-	106.72	1.58	47.0%	4.3%	42.8%
MHP	9/25/09	23.67	28.87	0.46	104.45	1.07	23.9%	6.0%	17.9%
AGX	10/16/09	12.50	10.27	-	108.89	1.07	-17.8%	1.7%	-19.5%
BBND	10/30/09	3.70	2.92	-	103.56	1.07	-21.1%	6.9%	-28.0%
FLR	10/30/09	44.42	45.61	-	103.56	1.07	2.7%	6.9%	-4.3%
RGR	10/30/09	10.62	15.62	0.28	103.56	1.07	49.7%	6.9%	42.8%
RTN	10/30/09	45.28	51.71	0.69	103.56	1.07	15.7%	6.9%	8.8%
VRSK	10/30/09	27.43	29.55	-	103.56	1.07	7.7%	6.9%	0.8%
immu	11/6/09	3.61	3.32	-	107.13	1.07	-8.0%	3.4%	-11.4%
cbst	11/6/09	17.60	20.57	-	107.13	1.07	16.9%	3.4%	13.5%
snta	11/6/09	3.20	3.30	-	107.13	1.07	3.1%	3.4%	-0.3%
CNU	11/13/09	3.10	3.97	-	109.62	1.07	28.1%	1.0%	27.0%
IDCC	11/20/09	23.56	25.29	-	109.43	1.07	7.3%	1.2%	6.1%
PDLI	11/27/09	6.63	5.43	0.50	109.57	1.07	-10.6%	1.1%	-11.6%
ARO	12/4/09	28.95	45.68	-	111.01	1.07	57.8%	-0.2%	58.0%
CBPO	12/4/09	9.06	11.34	-	111.01	1.07	25.1%	-0.2%	25.3%
VALV	12/31/09	5.15	8.50	-	111.44	0.48	65.0%	-1.1%	66.2%
SMED	2/5/10	6.74	4.19	-	106.66	0.48	-37.8%	3.3%	-41.1%
SPMD	2/5/10	36.63	24.29	-	106.66	0.48	-33.7%	3.3%	-37.0%
XOMA	2/5/10	0.42	0.44	-	106.66	0.48	6.0%	3.3%	2.7%
MGIC	2/19/10	1.77	2.10	-	111.14	0.48	18.6%	-0.9%	19.5%
UIS	2/26/10	34.91	21.21	-	110.74	0.48	-39.2%	-0.5%	-38.7%
SNTS	3/5/10	4.87	2.62	-	114.25	0.48	-46.2%	-3.6%	-42.6%
PRSC	3/12/10	14.18	15.93	-	115.46	0.48	12.3%	-4.6%	16.9%
WTW	3/19/10	25.20	26.79	-	115.97	-	6.3%	-5.4%	11.7%
QDEL	3/25/10	13.73	10.91	-	116.58	-	-20.5%	-5.9%	-14.6%
BDSI	4/16/10	4.12	2.66	-	119.36	-	-35.4%	-8.1%	-27.3%
ABC	4/23/10	31.13	31.92	-	121.81	-	2.5%	-10.0%	12.5%
APOL	4/30/10	57.41	51.10	-	118.81	-	-11.0%	-7.7%	-3.3%
SVA	4/30/10	5.79	4.10	-	118.81	-	-29.2%	-7.7%	-21.5%
OSK	4/30/10	38.62	34.66	-	118.81	-	-10.3%	-7.7%	-2.6%
VPHM	5/7/10	12.06	11.65	-	111.26	-	-3.4%	-1.4%	-2.0%
CHOP	5/14/10	6.54	5.69	-	113.89	-	-13.0%	-3.7%	-9.3%
MRX	5/21/10	22.50	23.08	-	107.71	-	2.6%	1.8%	0.7%
CRXX	6/4/10	1.53	1.33	-	106.82	-	-13.1%	2.7%	-15.7%
TNAV	6/4/10	8.53	8.36	-	106.82	-	-2.0%	2.7%	-4.7%
						Totals	19.4%	5.4%	14.1%
56.3% of stocks beat the S&P 500 Benchmark						Closed	31.0%	5.4%	25.6%
S&P C			109.68			Open	2.2%	5.0%	-2.8%