Drunken Sailor Walk Continues

Market is not seeming to find a whole lot of direction so far this year.  I am up 4 basis points.  The R3K is down 23 and the MFI index is down  94.  Here are some various portfolios:

MFI Index

Index	Stock	Start	Last Quarter	Current	YTD Change	Quarterly Change	Shares
1	ATVI	17.83	17.83	16.96	-4.9%	-4.9%	13.07
2	MO	38.39	38.39	37.03	-3.5%	-3.5%	6.07
3	APOL	27.32	27.32	33.74	23.5%	23.5%	8.53
4	AAPL	561.02	561.02	540.67	-3.6%	-3.6%	0.42
5	AGX	27.56	27.56	29.97	8.7%	8.7%	8.46
6	BAH	19.15	19.15	18.81	-1.8%	-1.8%	12.17
7	BKE	52.56	52.56	46.24	-12.0%	-12.0%	4.44
8	CA	33.65	33.65	34.43	2.3%	2.3%	6.93
9	CACI	73.22	73.22	78.74	7.5%	7.5%	3.18
10	CHE	76.62	76.62	78.58	2.6%	2.6%	3.04
11	CRUS	20.43	20.43	19.83	-2.9%	-2.9%	11.41
12	CSCO	22.43	22.43	22.91	2.1%	2.1%	10.39
13	COH	56.13	56.13	52.56	-6.4%	-6.4%	4.15
14	CRTX	9.49	9.49	9.63	1.5%	1.5%	24.56
15	DLX	52.19	52.19	51.72	-0.9%	-0.9%	4.47
16	DHX	7.25	7.25	7.39	1.9%	1.9%	32.15
17	EBIX	14.71	14.71	13.77	-6.4%	-6.4%	15.85
18	EGL	33.40	33.40	39.69	18.8%	18.8%	6.98
19	GME	49.26	49.26	37.65	-23.6%	-23.6%	4.73
20	GTIV	12.41	12.41	12.20	-1.7%	-1.7%	18.78
21	GNI	68.10	68.10	22.43	-67.1%	-67.1%	3.42
22	HLF	78.70	78.70	70.20	-10.8%	-10.8%	2.96
23	IQNT	11.41	11.41	10.56	-7.4%	-7.4%	20.43
24	ESI	33.58	33.58	45.27	34.8%	34.8%	6.94
25	LPS	37.38	37.38	37.30	-0.2%	-0.2%	6.24
26	LQDT	22.66	22.66	21.58	-4.8%	-4.8%	10.29
27	LO	50.68	50.68	49.22	-2.9%	-2.9%	4.60
28	MSFT	37.41	37.41	36.38	-2.8%	-2.8%	6.23
29	MYGN	20.98	20.98	25.05	19.4%	19.4%	11.11
30	NATR	17.32	17.32	16.93	-2.3%	-2.3%	13.46
31	NOC	114.61	114.61	118.24	3.2%	3.2%	2.03
32	PDLI	8.44	8.44	8.97	6.3%	0.0%	27.62
33	PFMT	10.30	10.30	9.00	-12.6%	-12.6%	22.63
34	PETS	16.63	16.63	15.27	-8.2%	-8.2%	14.02
35	PRSC	25.72	25.72	25.04	-2.6%	-2.6%	9.06
36	QCOR	54.45	54.45	59.62	9.5%	9.5%	4.28
37	RTN	90.70	90.70	90.07	-0.7%	-0.7%	2.57
38	RAI	49.99	49.99	48.32	-3.3%	-3.3%	4.66
39	RPXC	16.90	16.90	16.98	0.5%	0.5%	13.79
40	SAIC	33.07	33.07	37.17	12.4%	12.4%	7.05
41	SWHC	13.49	13.49	14.28	5.9%	5.9%	17.28
42	STRA	34.47	34.47	38.48	11.6%	11.6%	6.76
43	RGR	73.09	73.09	80.34	9.9%	9.9%	3.19
44	UIS	33.57	33.57	32.53	-3.1%	-3.1%	6.94
45	UNTD	13.76	13.76	13.24	-3.8%	-3.8%	16.94
46	USMO	14.28	14.28	14.66	2.7%	2.7%	16.32
47	USNA	75.58	75.58	59.56	-21.2%	-21.2%	3.08
48	VCI	34.25	34.25	34.11	-0.4%	-0.4%	6.81
49	VGR	16.37	16.37	16.61	1.5%	1.5%	14.24
50	WTW	32.93	32.93	28.97	-12.0%	-12.0%	7.08
	Total	17,682	17,682	17,515	-0.9%	-0.9%

I see where ESI is up 37%.  I am sure if I had "studied" a little harder, I would have bought them

Little Contest (I added Cantor Fitzgerald)

Player	Stock	Start	Current	Dividends	Change
MFI Diary	GNW	15.53	16.09	-	3.6%
	GTAT	8.72	9.06	-	3.9%
	SBS	11.34	10.22	-	-9.9%
	HIMX	14.72	13.38	-	-9.1%
	HIG-WT	27.53	26.45	-	-3.9%
	KLIC	13.30	11.35	-	-14.7%
	CF	233.04	245.81	-	5.5%
	BAC-WTA	6.47	7.05	-	9.0%
	RPXC	16.90	16.98	-	0.5%
	ATVI	17.83	16.96	-	-4.9%
	Total				-2.0%
Player	Stock	Start	Current	Dividends	Change
Barron's	ABX	17.63	18.77	-	6.5%
	CNQ	33.10	32.53	-	-1.7%
	DE	91.33	89.35	-	-2.2%
	GM	40.87	38.60	-	-5.6%
	INTC	25.96	25.85	-	-0.4%
	MET	53.92	52.96	-	-1.8%
	NSRGY	73.59	74.34	-	1.0%
	SPG	152.16	156.71	-	3.0%
	LCC	22.35	22.55	-	0.9%
	C	52.11	52.27	-	0.3%
	Total				0.0%
Player	Stock	Start	Current	Dividends	Change
ML/BAC	ADM	43.40	41.01	-	-5.5%
	CAT	90.81	91.44	-	0.7%
	CTL	31.85	30.00	-	-5.8%
	C	52.11	52.27	-	0.3%
	CSCO	22.43	22.74	0.17	2.1%
	DVA	63.37	64.83	-	2.3%
	XOM	101.20	99.16	-	-2.0%
	GM	40.87	38.60	-	-5.6%
	NEE	85.62	87.66	-	2.4%
	NUE	53.38	51.38	-	-3.7%
	Total				-1.5%
Player	Stock	Start	Current	Dividends	Change
Eric Y	CA	33.65	34.43	-	2.3%
	CLCT	17.15	18.19	-	6.1%
	CSCO	22.43	22.74	0.17	2.1%
	LO	50.68	49.22	-	-2.9%
	MANT	29.93	30.28	-	1.2%
	MSFT	37.41	36.38	-	-2.8%
	PETS	16.63	15.27	-	-8.2%
	RGR	73.09	80.34	-	9.9%
	USMO	14.28	14.66	-	2.7%
	VCI	34.25	34.11	-	-0.4%
	Total				1.0%
Player	Stock	Start	Current	Dividends	Change
Cantor/Fitz	AAPL	561.02	540.67	-	-3.6%
	JNPR	22.57	26.00	-	15.2%
	DLR	49.12	51.77	-	5.4%
	FB	54.65	56.30	-	3.0%
	GOOG	1,120.71	1,150.53	-	2.7%
	DATA	68.93	72.57	-	5.3%
	SPLK	68.67	79.67	-	16.0%
	SVU	7.29	6.21	-	-14.8%
	TMO	111.35	115.89	-	4.1%
	VSTM	11.40	14.35	-	25.9%
	Total				5.9%

I saw the CF portfolio last week and added it.  They have some more speculative names, but it paying off.  Mine is not doing well, but to defend it, I picked in mid December and then SBS and HIMX both spiked pretty sharply before the end of the year. On 1/1 I would not have picked them, especially HIMX, which I sold on 1/2!

I did actually sign up to participate in Portfolios with Purpose.  That portfolio is up 3.8% so far.

Overall MFI

I had commented last weekend about the streakiness of MFI and postulated that perhaps we were starting a downward streak.  This past week did not help the cause as NUS was in numerous open tracking portfolios, along with USNA and HLF.

The 12 open portfolios are leading the benchmark by an average of 7.3 points.  Still impressive.  But 4 of most recent 5 are trailing.

Barron's

I read this weeks Barron's with great interest as it was the first of the round table issues.  I would encourage everyone to read it as the panelists not only give their best stock picks (and they have pride, so I am sure they want to do well), but they also give a great macro overview of the world.  You have to pick through it pretty carefully as the opinions are somewhat divergent.  And this was the first time I remember reading it where people get a bit snippy with each other.  This is the first of 3, so I will not make any buy decisions based on this one (the specific stocks were more International and there were some country specific shorts, like short the Turkey ETF).  I think it is helpful (while reading the entire thing) to pick a couple of panelists that approach things in a fashion similar to yourself. I tend to favor Mario Gabelli and Meryl Witmer.

February New Tranche

Still giving a lot of consideration to my five new stocks.  I think my "theme" will be larger cap stocks (I think they have lagged the small and mid cap stocks recently) and I am looking for a modicum of revenue growth.

ATVI
SNDK
CSCO
COH
GPS
FL

Some smaller caps I am also considering: AVG, RPXC, DHX and LQDT.

So that is 9 names, I suspect my five will come from them, unless something material happens next two weeks.  It will be my most expensive tranche ever, as the tranche from last year is up 84%.