To The Moon (Alice)

The week was a rocket ride for my portfolio. It was, on a cash basis, easily the best week I have ever had since starting my MFI portfolio in February 2006. On a percentage basis, it was my 2nd best week, up 10.4%. The only week better was the week starting Halloween 2008. That was right after the massive crash in October of 2008, so a 13% gain was not as big a deal as this week's 10.4%.

CCME was the big driver for the week, as you can see from the chart below.

Symbol	Initial Price	Current Price	Avg of Gain
CCME	$10.75	$16.15	50.2%
CEL	$31.47	$32.28	2.6%
CEU	$4.64	$5.51	18.8%
CHKE	$18.50	$18.68	1.0%
CMFO	$5.33	$6.37	19.5%
CMTL	$29.64	$29.65	0.0%
EESC	$2.20	$2.20	0.0%
FLL	$3.28	$3.58	9.1%
INTC	$19.52	$19.21	-1.6%
KSW	$3.05	$3.19	4.6%
MAIL	$5.95	$5.99	0.7%
NEWN	$5.69	$6.07	6.6%
PETS	$16.11	$16.10	-0.1%
PM	$56.63	$58.34	3.0%
RAI	$58.73	$61.53	4.8%
TTT	$15.51	$14.80	-4.5%
UNTD	$5.80	$5.99	3.3%
UTA	$4.51	$4.78	5.9%
VALU	$14.20	$14.04	-1.1%

CCME

Not every week a stock shoots up 50%! What is interesting about CCME, and the reason I am not selling after the 50% pop is that they are still extraordinarily cheap. As people know, I have created my own list of stock rankings. CCME is still a top 20 stock!

This is a company that made 80 cents a share last quarter, analysts have them at 60 and 52 cents the next two quarters, but that is way low. But even if you believe those low-ball numbers they'd earn $2.44 in the year. This is a $16 stock, with $4 per share in cash.

I see where even Cramer agrees with me, that CCME still has room to run (of course he would not recommend it at $10 as he is often a momentum guy):

China MediaExpress [CCME 16.20 2.18 (+15.55%) ]: “I am reluctant to recommend Chinese stocks,” Cramer said, “but I will tell you that is not an expensive stock.”

Finally, here is my chart since I started MFI. The last week stands out like an exclamation point!