Weekend Update - End of May

Weekend Update - May 31st, 2014

Another week, another month in the books. Does anyone else get tired of magazine articles and CNBC discussions about "Sell in May and Go Away?"  I rank that slogan just behind the January effect.

May was a decent month.  I pretty much kept pace with the indices, which was not a bad thing.  I was up 1.5% overall.  My MFI stocks were up 2.8%.  The MFI Index was up 1.1%. Finally, the benchmark R3K was up 2.1%.  I am now up 8.4% on the year (my MFI is up 6.4%).

Here is a table showing the MFI Index for the month:

Index	Stock	Start	Last Month	Current	YTD Change	Monthly Change	Shares
1	ATVI	17.83	20.01	20.98	17.7%	4.8%	13.07
2	MO	38.39	40.59	42.04	9.5%	3.6%	6.07
3	APOL	27.32	28.86	26.80	-1.9%	-7.1%	8.53
4	AAPL	561.02	593.14	639.34	14.0%	7.8%	0.42
5	AGX	27.56	26.77	30.65	11.2%	14.5%	8.46
6	BAH	19.15	23.34	22.23	16.1%	-4.8%	12.17
7	BKE	52.56	47.43	45.29	-13.8%	-4.5%	4.44
8	CA	33.65	30.39	29.19	-13.3%	-3.9%	6.93
9	CACI	73.22	69.65	71.40	-2.5%	2.5%	3.18
10	CHE	76.62	83.47	88.48	15.5%	6.0%	3.04
11	CRUS	20.43	22.30	22.13	8.3%	-0.8%	11.41
12	CSCO	22.43	23.47	24.98	11.4%	6.4%	10.39
13	COH	56.13	44.99	41.05	-26.9%	-8.8%	4.15
14	CRTX	9.49	9.50	9.50	0.1%	0.0%	24.56
15	DLX	52.19	55.20	56.64	8.5%	2.6%	4.47
16	DHX	7.25	7.65	7.06	-2.6%	-7.7%	32.15
17	EBIX	14.71	15.86	15.72	6.8%	-0.9%	15.85
18	EGL	33.40	43.64	38.65	15.7%	-11.4%	6.98
19	GME	49.26	40.01	38.18	-22.5%	-4.6%	4.73
20	GTIV	12.41	7.53	13.63	9.8%	81.0%	18.78
21	GNI	68.10	19.56	19.72	-71.0%	0.8%	3.42
22	HLF	78.70	60.28	65.13	-17.2%	8.0%	2.96
23	IQNT	11.41	13.72	15.06	31.9%	9.8%	20.43
24	ESI	33.58	27.00	17.22	-48.7%	-36.2%	6.94
25	LPS	37.38	37.30	37.30	-0.2%	0.0%	6.24
26	LQDT	22.66	17.25	15.38	-32.1%	-10.8%	10.29
27	LO	50.68	60.04	62.79	23.9%	4.6%	4.60
28	MSFT	37.41	40.68	41.50	10.9%	2.0%	6.23
29	MYGN	20.98	42.21	33.16	58.1%	-21.4%	11.11
30	NATR	17.32	13.46	14.93	-13.8%	10.9%	13.46
31	NOC	114.61	122.12	122.16	6.6%	0.0%	2.03
32	PDLI	8.44	8.49	9.37	11.0%	0.0%	27.62
33	PFMT	10.30	8.71	9.49	-7.9%	9.0%	22.63
34	PETS	16.63	13.26	13.64	-18.0%	2.9%	14.02
35	PRSC	25.72	40.61	40.20	56.3%	-1.0%	9.06
36	QCOR	54.45	82.48	90.43	66.1%	9.6%	4.28
37	RTN	90.70	96.09	98.18	8.2%	2.2%	2.57
38	RAI	49.99	57.10	60.30	20.6%	5.6%	4.66
39	RPXC	16.90	16.38	16.25	-3.8%	-0.8%	13.79
40	SAIC	33.07	39.56	39.85	20.5%	0.7%	7.05
41	SWHC	13.49	15.35	15.88	17.7%	3.5%	17.28
42	STRA	34.47	42.63	54.64	58.5%	28.2%	6.76
43	RGR	73.09	64.89	61.65	-15.7%	-5.0%	3.19
44	UIS	33.57	24.37	23.47	-30.1%	-3.7%	6.94
45	UNTD	13.76	11.85	10.92	-20.6%	-7.8%	16.94
46	USMO	14.28	17.26	15.67	9.7%	-9.2%	16.32
47	USNA	75.58	67.86	71.91	-4.9%	6.0%	3.08
48	VCI	34.25	34.02	34.02	-0.7%	0.0%	6.81
49	VGR	16.37	21.70	21.31	30.2%	-1.8%	14.24
50	WTW	32.93	19.80	20.83	-36.7%	5.2%	7.08
	Total	17,682	18,077	18,283	3.4%	1.1%

You can see GTIV was up about 80%; while ESI was down 36%. MFI stocks are often not for the faint of heart.

My MFI Portfolio

Well, for the first time in a while, I have a tranche (May 2014) trailing the benchmark. That can happen and as I have documented recently, MFI in aggregate is starting to trail the benchmarks, which is certainly a headwind for my tranches.

8/15/2013	Start	Current	Dividend	Pct Gain	R3K Gain
CF	$187.26	$243.31	$3.00	31.5%	17.1%
FLR	$66.06	$75.08	$0.53	14.5%	17.1%
AGX	$15.60	$30.65	$0.75	101.3%	17.1%
KLIC	$11.29	$14.09	$0.00	24.8%	17.1%
RPXC	$15.92	$16.25	$0.00	2.1%	17.1%
Totals				34.8%	17.1%
11/15/13 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
AVG	$17.22	$19.36	$0.00	12.4%	7.7%
ATVI	$17.71	$20.78	$0.20	18.5%	7.7%
GA	$9.04	$11.76	$0.23	32.7%	7.7%
RPXC	$17.04	$16.25	$0.00	-4.6%	7.7%
SYNA	$48.01	$68.08	$0.00	41.8%	7.7%
Totals				20.1%	7.7%
2/1/14 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
ATVI	$17.13	$20.78	$0.20	22.5%	7.7%
KLAC	$61.47	$65.52	$0.90	8.1%	7.7%
RPXC	$16.22	$16.25	$0.00	0.2%	7.7%
SNDK	$69.55	$96.63	$0.23	39.3%	7.7%
WNR	$39.11	$41.02	$0.52	6.2%	7.7%
Totals				15.2%	7.7%
5/6/2014	Start	Current	Dividend	Pct Gain	R3K Gain
AVG	$19.57	$19.36	$0.00	-1.1%	2.4%
CA	$29.54	$28.69	$0.25	-2.0%	2.4%
CSCO	$22.79	$24.62	$0.00	8.1%	2.4%
NSR	$25.82	$28.02	$0.00	8.5%	2.4%
RCII	$28.78	$27.96	$0.00	-2.8%	2.4%
Totals				2.1%	2.4%
Category/Tranche	August	November	February	May	Total
Initial Investment	25,000	25,000	25,000	25,000	100,000
Current Tranche	34.8%	20.1%	15.2%	2.1%	18.6%
Previous Tranche	14.1%	43.7%	78.3%	33.0%	40.7%
MFI Overall Gain	53.8%	72.7%	105.4%	35.8%	66.9%
Current Balance	38,446	43,176	51,353	33,961	166,936
R3K Current Tranche	17.1%	47.2%	7.7%	2.4%	18.6%
R3K Overall Gain	43.1%	47.2%	30.4%	21.8%	34.9%
R3K Balance	35,768	36,788	32,609	29,722	134,886
Annualized IRR	27.2%	42.6%	72.1%	33.2%	49.8%

There is no reason to get excited, my goal/hope is to avoid and real disaster stocks (like ESI or WTW) as that can really put the pressure on the other 4 stocks in a tranche. Eyeballing my MFI stocks, the only one that really made news this week, was SYNA looking to buy the Japanese semi company (Why Synaptics, Incorporated Shares Soared Today), which for some reason caused a huge pop.  Then I was pleased to see where AGX in my August tranche has become a double. Clearly I should have added a second position in November.

Discretionary Portfolio

Here is a table showing how all my stocks fared during the week:

Index	Stock	5/9/2014	Current	Weekly Change	Share
1	GTAT	15.95	16.86	5.7%	9.8%
2	GNW	17.28	16.99	-1.7%	8.3%
3	KLIC	14.21	14.09	-0.8%	5.6%
4	AOD	8.62	8.78	1.9%	5.3%
5	BBEP	20.84	21.44	2.9%	5.2%
6	RPXC	16.49	16.25	-1.5%	4.1%
7	PM	86.57	88.54	2.3%	3.8%
8	NTC	12.64	12.68	0.3%	3.7%
9	ATVI	20.68	20.78	0.5%	3.6%
10	GPS	41.14	41.23	0.2%	3.5%
11	CSQ	11.68	11.83	1.3%	3.5%
12	FSC	9.33	9.29	-0.4%	3.4%
13	TPVG	15.49	15.62	0.8%	3.3%
14	TGONF	9.90	9.70	-2.0%	3.0%
15	AVG	19.95	19.36	-3.0%	2.9%
16	RIOM	1.81	1.70	-6.4%	2.6%
17	BAC-WTA	6.81	7.02	3.1%	2.5%
18	SNDK	94.27	96.63	2.5%	2.4%
19	NADL	9.58	10.49	9.6%	2.1%
20	AGX	29.96	30.65	2.3%	1.9%
21	HIG-WT	25.99	26.01	0.1%	1.9%
22	KLAC	64.18	65.52	2.1%	1.8%
23	GA	11.79	11.76	-0.3%	1.8%
24	WNR	39.71	41.02	3.3%	1.7%
25	SYNA	59.25	68.08	14.9%	1.7%
26	NSR	28.93	28.02	-3.1%	1.4%
27	CSCO	24.52	24.62	0.4%	1.4%
28	CF	246.66	243.31	-1.4%	1.3%
29	CA	29.19	28.69	-1.7%	1.3%
30	RCII	28.49	27.96	-1.9%	1.3%
31	FLR	74.11	75.08	1.3%	1.1%
32	O	42.93	43.30	0.0%	1.1%
33	OIBAX	6.16	6.18	0.3%	1.1%
34	EDV	104.12	105.91	1.7%	0.6%

As you can see, of my discretionary picks, GTAT had a good week as it becomes more and more apparent to people that their products will be used big time with AAPL (With Sapphire In The iPhone Almost Confirmed, GT Advanced Technologies Looks Like A Buy).  RIOM continues to lag, but I added shares this week at 1.65.

Stock	Shares	Avg Cost	Current Price	Pct Change	R3K Change	Diff
BAC-WTA	8,000	5.73	7.02	22.5%	15.9%	6.6%
EDV	139	101.20	105.91	4.7%	5.0%	-0.3%
GNW	11,000	9.16	16.99	85.6%	27.9%	57.6%
GTAT	14,000	8.64	16.86	95.2%	8.0%	87.2%
HIG-WT	1,650	21.24	26.01	22.5%	17.1%	5.4%
KLIC	7,000	11.48	14.09	22.8%	12.6%	10.2%
RIOM	35,000	2.08	1.70	-18.5%	2.5%	-21.0%
Total Open				47.9%	13.6%	34.3%
Closed				3.0%	1.4%	1.6%
Combined				8.2%	2.8%	5.4%

Clearly the -18% for RIOM is a drag.

Dividend Portfolio

These guys are starting to show signs of life. Now up 4.6% on the year.  Recent adds GPS and NADL are (ahem) paying dividends.  And the overall yield of this portfolio is now 7.0%.

Stock	Shares	Avg Cost	Current Price	Dividends Received	Pct Change	R3K Change	Diff
AOD	14,005	8.02	8.78	9,323.45	17.7%	19.0%	-1.2%
BBEP	5,713	16.74	21.44	7,788.60	36.2%	12.5%	23.8%
CSQ	6,905	8.67	11.83	12,579.25	57.4%	53.1%	4.3%
FSC	8,264	9.57	9.29	1,675.47	-0.8%	3.1%	-3.9%
GPS	2,000	40.55	41.23	-	1.7%	2.0%	-0.3%
NADL	5,000	9.59	10.49	-	9.4%	0.6%	8.8%
NTC	6,691	12.01	12.68	1,516.77	7.5%	3.8%	3.7%
O	595	20.83	43.30	9,241.39	182.4%	112.9%	69.5%
OIBAX	4,125	5.00	6.18	8,067.44	62.8%	121.6%	-58.8%
PM	1,000	78.60	88.54	940.00	13.8%	3.2%	10.7%
TGONF	7,000	10.27	9.70	2,367.50	-2.3%	17.0%	-19.3%
TPVG	5,029	15.55	15.62	1,958.70	3.0%	1.3%	1.7%
Total Open				55,459	18.0%	15.5%	2.5%
Closed					11.9%	10.8%	1.1%
Combined					12.9%	11.6%	1.3%
Annualized IRR Since 12/31/10					17.7%
2014 Gain					4.6%

2014 Buys - Paint It Black

2014 thus far has not exactly been golden for me in stock picking.  The big disaster for me was LMNS, which lost (with multiplier) 65,000.  That being said,  the aggregate of all my picks in 2014 has actually crawled back to black (I am assuredly jinxing it by saying that).  Here is a list of all my buys:

Date	Stock	O/C	Purchase	Current	$ Gain	% Gain
1/13	KLIC	Op	12.01	14.13	4,240	17.7%
1/13	SIRI	Cl	3.73	3.37	-5,352	-9.6%
1/14	TC	Cl	2.56	2.58	200	0.8%
1/16	C	Cl	52.67	47.24	-5,425	-10.3%
1/17	RIOM	Op	2.26	1.67	-8,850	-26.1%
1/21	FGL	Cl	19.75	19.80	200	0.3%
1/21	NTC	Op	12.00	12.69	6,053	7.6%
1/24	C	Cl	49.22	47.24	-990	-4.0%
1/27	TWM	Cl	50.45	50.72	1,100	0.5%
1/31	ATVI	Op	17.16	20.75	8,833	22.1%
1/31	KLAC	Op	61.35	65.57	3,336	8.3%
1/31	MBUU	Cl	17.50	19.18	6,720	9.6%
1/31	RPXC	Op	16.13	16.25	289	0.7%
1/31	SNDK	Op	70.20	96.46	15,070	37.7%
1/31	WNR	Op	39.80	41.19	1,915	4.8%
2/10	IEV	Cl	46.28	48.08	567	3.9%
2/10	MUSA	Cl	39.00	39.04	60	0.1%
2/12	AGII	Cl	43.53	44.00	705	1.1%
2/13	FGL	Cl	20.08	20.64	1,250	3.1%
2/14	MUSA	Cl	39.25	39.04	-105	-0.5%
2/18	FSC	Op	9.64	9.29	-446	-1.0%
2/24	AOD	Op	8.33	8.77	1,986	7.9%
2/24	FGL	Cl	20.01	20.64	695	3.5%
2/24	KLIC	Op	11.52	14.13	3,915	22.7%
2/24	PM	Op	78.60	88.61	10,953	13.9%
2/26	CS	Cl	30.78	32.19	1,413	4.6%
2/26	FSC	Op	9.68	9.29	-272	-1.4%
2/27	BBEP	Op	19.47	21.46	2,485	12.8%
2/27	LMNS	Cl	12.94	8.86	-32,900	-31.5%
3/4	RIOM	Op	2.24	1.67	-5,700	-25.4%
3/6	PXLW	Cl	7.39	7.63	2,377	3.2%
3/7	LMNS	Cl	12.49	9.36	-25,040	-25.1%
3/7	PXLW	Cl	8.90	6.92	-9,920	-22.3%
3/7	TPVG	Op	15.55	15.72	2,800	3.6%
3/10	IWM	Cl	119.28	114.07	-656	-4.4%
3/13	CALL	Cl	21.20	22.43	2,460	5.8%
3/17	GTAT	Cl	17.05	17.54	3,465	2.9%
3/19	LMNS	Cl	12.02	10.45	-6,256	-13.0%
3/19	CTCM	Cl	9.13	9.53	2,033	4.5%
3/21	CALL	Cl	24.13	20.33	-7,600	-15.7%
3/21	CTCM	Cl	8.84	9.53	3,467	7.8%
3/28	CALL	Cl	20.27	20.11	-320	-0.8%
3/28	GTAT	Op	14.82	16.88	6,179	13.9%
4/3	GNW	Op	18.39	16.99	-2,800	-7.6%
4/3	TWOU	Cl	13.92	13.71	-585	-1.5%
4/7	GTAT	Op	16.46	16.88	1,274	2.6%
4/7	SPY	Cl	185.98	182.86	-246	-1.7%
4/9	TWOU	Cl	12.99	13.71	483	5.5%
4/9	KANG	Cl	15.88	15.96	930	0.5%
4/9	GSOL	Cl	8.58	8.85	1,100	3.2%
4/10	TZA	Cl	17.00	17.38	1,140	2.2%
4/11	FGL	Cl	22.57	20.64	-1,930	-8.6%
4/15	GTAT	Cl	15.10	15.78	2,720	4.5%
4/15	TZA	Cl	17.81	18.41	2,400	3.4%
4/14	EDV	Op	101.20	105.98	664	4.7%
4/16	TZA	Cl	17.34	17.30	-160	-0.2%
4/21	RIOM	Op	1.87	1.67	-1,966	-10.5%
4/21	TZA	Cl	16.92	16.07	-3,428	-5.1%
4/22	FGL	Cl	21.96	21.40	-560	-2.6%
4/24	KLAC	Cl	67.21	64.19	-2,114	-4.5%
4/28	FGL	Cl	20.36	21.58	1,793	6.0%
4/28	GNW	Cl	16.76	18.00	2,230	7.4%
4/28	LMNS	Cl	8.32	8.56	921	2.8%
4/28	WB	Cl	17.55	17.89	1,020	1.9%
4/29	AHL	Cl	45.47	45.91	660	1.0%
5/2	HIMX	Cl	8.84	7.16	-5,028	-19.0%
5/6	AVG	Op	19.57	19.40	-266	-0.9%
5/6	CA	Op	29.54	28.72	-581	-1.9%
5/6	CSCO	Op	22.79	24.69	2,499	8.3%
5/6	NSR	Op	25.82	28.02	2,557	8.5%
5/6	RCII	Op	28.78	28.03	-785	-2.6%
5/7	AVG	Cl	18.29	19.65	2,710	7.4%
5/9	DTV	Cl	87.11	87.21	75	0.1%
5/12	GTAT	Cl	13.01	14.10	3,270	8.4%
5/13	FSC	Op	9.20	9.29	134	1.0%
5/15	KERX	Cl	12.55	13.14	1,770	4.7%
5/20	AMZN	Cl	303.05	304.22	176	0.4%
5/21	BAC-WTA	Op	6.88	7.07	376	2.7%
5/21	GPS	Op	40.55	41.24	1,380	1.7%
5/28	RIOM	Op	1.65	1.67	228	1.4%
5/28	NADL	Op	9.59	10.45	4,325	9.0%
Grand Total			29.74		1,317

As you can see, some bad picks (thus far), with LMNS, RIOM, HIMX, SIRI, C and CALL probably leading the list.  On the flip side, SNDK, PM, cumulative GTAT and the recent NADL have certainly born some fruit.

More later this weekend!  I will unveil new Monthly tracking portfolio.