Taken to School

Thankfully I sold my ESI in my big sell-off at the end of June. It is down 35% since I sold them. They were down 14% today as Apollo said they had had an incredible 40% drop in enrollment (APOL: Projects 40% Decline in FYQ1 New Enrollment). I thought these education stocks were down as Govt funding was at risk of being pulled, but it looks like there is more than just that. Jim Chanos was shorting these stocks (Chanos Remains Short For-Profit Education Stocks) and the Hospital space (like AMED). I have decided that I will never actively take a position in something he has decided to short. He does his homework and makes very smart bets.

Best Week Ever?

I do not want to jinx things, but I am on track for my best week ever in my 4+ years of MFI investing. I was up another 1.8% today and am up 7.3% for the week. My open stocks (note I have not put PETS in yet) are ahead of the benchmark by over 10 points:

Symbol	Initial Price	Current Price	Avg of Gain	Avg of IWV Gain
CCME	$10.02	$14.02	42.7%	7.8%
CEL	$26.61	$32.21	24.3%	8.7%
CEU	$4.61	$5.51	19.5%	0.9%
CHKE	$18.09	$18.97	8.3%	9.4%
CMFO	$4.80	$6.25	30.9%	10.0%
CMTL	$26.66	$29.87	12.0%	2.7%
eesc	$2.60	$2.20	-15.4%	6.6%
FLL	$3.15	$3.65	15.9%	6.1%
INTC	$18.91	$19.32	2.2%	4.2%
KSW	$3.48	$3.15	-6.4%	9.5%
MAIL	$6.13	$6.00	5.2%	5.1%
NEWN	$7.13	$6.06	-13.0%	3.1%
PM	$44.35	$57.75	33.0%	7.9%
RAI	$53.55	$59.97	17.0%	3.3%
TTT	$9.60	$14.96	59.7%	18.5%
UNTD	$5.78	$5.98	5.6%	11.0%
UTA	$5.66	$4.57	-7.2%	9.1%
VALU	$14.70	$13.96	-3.7%	10.1%
Grand Total			16.5%	6.8%

Finally, here is my table of results (note I am ahead for the year now):

MFI Annual Performance
	ITD	Annual
2006	10.74%	10.74%
2007	-6.57%	-15.63%
2008	-41.60%	-37.50%
2009	0.71%	72.47%
2010	4.71%	3.97%
IWV Annual Performance
	ITD	Annual
2006	11.23%	11.23%
2007	4.65%	-5.91%
2008	-30.54%	-33.63%
2009	-13.95%	23.87%
2010	-7.58%	7.41%