Here are my end of the month positions in descending order:
UBNT
SYNA
MTZ
BOFI
CELG
AMBA
These six positions are all almost the same size, ranging from 8.6% to 7.4%. Since I currently have 23 positions, an average position would be 4.35%, so these six positions are all just under double positions. All except SYNA are MF SA or MF RB recommendations. I’ve added to all of them this week.
WAB
SCTY
ELLI
HZNP
SZYM
INVN
These range from 5.0 to 4.0% so you could call them all average positions. All except HZNP and SZYM are MF SA or MF RB recommendations. I added to SCTY and SZYM this week and sold a little bit of ELLI to raise money, as it hadn’t gone down like some of the others.
CSGP
TSLA
PSIX
LOCK
AFOP
CALL
These range from 3.6% to 2.7% and thus could be considered below average positions. I added to CALL and a little to PSIX and LOCK this week. Only CSGP, TSLA and LOCK are MF SA or MF RB recommendations.
Z
DPZ
YHOO
NGVC
These range from 2.2% to 1.35% and thus could be considered below average positions. Z and YHOO are MF SA or MF RB recommendations. I sold some YHOO and a little NGVC to finance my purchases.
APPY
This is a 0.7% position and thus qualifies as a tiny position.
This was a heck of a week. One of the most trying I’ve had in years, a 5-10% correction all in a week. But it gave me a chance to add to some of my favorite positions at bargain prices.
I especially have confidence in SZYM as I have been reading about them on Seeking Alpha.
One engineer there had this to say about Encapso:
Geosteam
Comments (50)
Kevin, sddd and others,
I’m replying to myself LOL. I couldn’t get the Encapso video to play until a few minutes ago. Now I understand it much better. There are a lot of details I’d like to understand better, but Encapso is definitely a game changer. Let’s hope they can produce enough to keep up with the demand.
This was a heck of a week. One of the most trying I’ve had in years, a 5-10% correction all in a week. But it gave me a chance to add to some of my favorite positions at bargain prices.
I hear you! My portfolio was up 40% alone in 2013, and reached all time highs during the first three months of this year.
So even though I saw a 7.5% haircut of my port last week (ouch), I was able to add to some companies at my targeted multiples.
And if the market continues down a bit, I’ve got plenty of cash accrued (since I wasn’t finding any good bargains over the last 3-6 months) to flesh out positions.
I was actually ask you if you knew about it. Now that I know you don’t I’ll go hunting for it. It was part of the SA article, in the comments section.
Mykie