Wow. What a start for me. My best day since July 5th, Up almost 1.6%. Not sure why. One theory is that a bunch of my names had been suppressed for the last month or two due to tax loss selling. Ok, I did have some stinkers from 2017 in my Miscellaneous portfolio.
You can see that (in my view) looking at SYGP (which I still own) and NVIV (which I sold a month ago). Both stocks were dreadful in 2017. But SYGP popped 10% on no news. NVIV was up 18% on no news. It is weird (to me) that tax loss selling could drive such a result, as a savvy investor could have just bought a ton of stocks being sold for that reason on Friday. Enough savvy investors like that would take away that drop/pop to some extent.
I guess I "lucked" into it a bit. When I wrote my "Opposite" blog a couple weeks ago (
The Opposite - Deep Value Thoughts Part 2
) I followed up on that blog more than doubling mu position in a group of out-of-favor stocks (as I mentioned in weekend update 12/23/17) EXXI, AUPH, OMER, SGYP and SELB. Today here is what those stocks did:EXXI: +7.3%
AUPH: 7.1%
OMER: 3.8%
SGYP: +9.9%
SELB: +4.4%.
Now I am not saying I was smart (more like lucky) and the bigger question was whether this is a temporary move or a reversion to the mean will continue. But it does illustrate that it is sometimes best to do the opposite... as even my tracking of stocks I have sold showed.
In fact, I do keep track of stocks I have sold (it isn't all inclusive) and it was up 2.5% today, lead by double digit gains in WATT, NVIV and ITEK.
MFI Stuff
My new MFI Index shot up 2.5% today! This will hopefully be the year value trumps growth. SRNE was up 22% and AMAG was up 10%.
My MFI Formula (with new stocks) was up 1.3% and my MFI Select was up 1.9%. Finally GARIX was up a mere 70 basis points. I did not get to buy my new tranche until mid day. I also marked IWV at that time:
| 1/2/2018 | Start | Current | Dividend | Pct Gain | R3K Gain |
| AMGN | $177.11 | $177.00 | $0.00 | -0.1% | 0.2% |
| GME | $18.06 | $18.26 | $0.00 | 1.1% | 0.2% |
| GILD | $71.64 | $74.10 | $0.00 | 3.4% | 0.2% |
| HRB | $26.34 | $26.76 | $0.00 | 1.6% | 0.2% |
| OMC | $72.81 | $72.77 | $0.00 | -0.1% | 0.2% |
| Totals | 1.2% | 0.2% |
GILD (followed by OMC and GME) has become my single largest stock with these formula adds. Go GILD! Onward!
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