______________________________________________________________________________
Issue No. 31 – June20, 2005
Prescott, Arizona Systems@WiserTrader.com
______________________________________________________________________________
1.0
Trading
It is hoped that the watch lists are serving their
purpose and you are getting good use out of them. Below is a brief summary of
their recent performance.
1.1 Watch Lists
It is without a doubt that
information collected for the 2 checklists and 6 watch lists detailed in Section
3 will be of benefit. All have performed reasonably well, as shown in Table 1A.
The two newest lists, Templeton and Zweig, have done exceedingly well in just 3
weeks. The other lists are considerably older but still show a reasonable
profit for the length of time since they were started.
Table 1A
List Performance
|
List
|
Since Started
|
1 month
|
1 wk ago
|
2 wks ago
|
3 wks ago
|
4 wks ago
|
|
Net
Insider Buying
|
10.1%
|
12.5%
|
3.8%
|
1.9%
|
1.9%
|
4.4%
|
|
Cash
Rich Companies
|
10.8%
|
1.4%
|
1.8%
|
1.3%
|
-0.8%
|
-0.9%
|
|
Growth Momentum Stocks
|
9.6%
|
8.7%
|
4.6%
|
0.4%
|
0.5%
|
3.0%
|
|
Lynch
Stocks
|
6.9%
|
5.3%
|
2.9%
|
0.8%
|
0.2%
|
1.3%
|
|
Buffett
Stocks
|
16.9%
|
6.9%
|
3.7%
|
1.0%
|
0.3%
|
1.8%
|
|
Graham
Stocks
|
8.9%
|
5.0%
|
1.1%
|
1.2%
|
1.3%
|
1.3%
|
|
Templeton
Stocks (5/27)
|
5.3%
|
5.6%
|
2.7%
|
1.7%
|
0.1%
|
0.9%
|
|
Zweig
Stocks (5/27)
|
7.2%
|
13.1%
|
4.2%
|
1.9%
|
2.7%
|
3.7%
|
|
Average
|
9.5%
|
7.3%
|
3.1%
|
1.3%
|
0.8%
|
1.9%
|
While any one of these
lists could form a decent portfolio, the challenge is to find a sound basis for
cherry picking each list. Remember that stocks are unlisted when they decline
more than 10% from their initial price or more than 15% from their highest
price. Such a challenge is welcomed since the result promises to be a super
filter of sorts. For example, one might add a requirement for annual sales growth
or the Steven Cooper filter criteria. Will keep you posted.
© 2005 WiserTrader.com, LLC. Members of wisertrader.com are neither licensed
brokers nor licensed advisors. Trades discussed represent recommendations
made by the editor for the wisertrader.com portfolio. The newsletter and web
site are for information only and should not be considered as personal advice.
While it is believed that the posted information is factual, mistakes can be
made in transcription. Investors should trade stocks only after verifying all
information and consulting with a licensed broker or adviser. WiserTrader.commarkets third party trading systems but has no other affiliation with
trading system companies.
2.0
Market Analysis
The NASDAQ and S&P500
were up every day this week. On Tuesday, the May PPI was reported to have
dropped 0.6%. More significantly, the core rate was up just 0.1%.
This was the third month out of four with just a 0.1% increase. The other
month was at 0.3%. That computes to just a 1.8% annual rate of increase
over the past four months.
The CPI data on Wednesday
was also bullish. The total index fell 0.1% due to a decline in energy
prices, and the core rate was up just 0.1%. The core CPI was unchanged
the prior month, and is up at just a 2.2% annual rate over both the past three
months and the past twelve months. While oil prices are up sharply, energy
prices have not raised inflation significantly or slowed the economy. The
excellent news on inflation provided important support to underlying sentiment
in the stock market.
The end of June often sees
a pickup in earnings warnings. Companies that aren't going to meet Wall
Street estimates for second quarter profits often announce such during this
period. That can hurt individual stocks and cause widespread caution.
The S&P 500 index is
now up fractionally for the year and wise commentary looks for a mid-single
digit gain for the entire year.
Industry leaders in Table 2A
rank from highest to lowest. Relative strength is given in Table 2B and VTO
market sentiment in Table 2C.
Table 2B
Relative Strength Index
|
|
5
Day RSI
|
5
Week RSI
|
|
DOW
|
Very
Overbought
|
Neutral
|
|
S&P
500
|
Very
Overbought
|
Overbought
|
|
NASDAQ
|
Neutral
|
Overbought
|
Table 2C
VTO Report on Market Sentiment
Indicators
|
Sentiment Indicator
|
Value
|
Last Week
|
2 Weeks Ago
|
Complacent
|
Cautious
|
|
VIX **
|
11.48
|
11.96
|
12.15
|
< 20
|
> 50
|
|
VXN ***
|
14.63
|
15.87
|
15.59
|
< 30
|
> 70
|
|
Put/Call Ratio
|
0.533
|
0.475
|
0.611
|
< 0.6
|
> 0.7
|
|
%Bulls - %Bears
|
32.3%
|
29.7%
|
22.8%
|
> 29%
|
< 20%
|
|
** Below 20 day SMA = Buy signal.
***
Below 20 day SMA = Buy signal.
|
Taking a look from the top
down in Table 2D, the major averages picked up this week while oil prices continued
to rise. Small caps outpaced large caps, looking at the Russell 2000.
Table 2D
Index Tracking Stocks, Key
Industry ETF’s and Sector SPDR’s
|
|
1 month
|
1 wk ago
|
2 wks ago
|
3 wks ago
|
4 wks ago
|
|
SPY (S&P 500)
|
1.9%
|
1.0%
|
0.0%
|
-0.1%
|
0.9%
|
|
DIA (DOW)
|
1.3%
|
0.8%
|
0.4%
|
-0.6%
|
0.7%
|
|
QQQQ (NASDAQ)
|
0.6%
|
0.9%
|
-1.4%
|
-0.3%
|
1.5%
|
|
IWM (Russell 2000)
|
5.6%
|
2.5%
|
1.1%
|
0.5%
|
1.4%
|
|
GLD, GOLD
|
4.8%
|
2.4%
|
1.1%
|
0.7%
|
0.6%
|
|
RKH, Banking
|
-0.5%
|
1.3%
|
-0.6%
|
-0.4%
|
-0.8%
|
|
IYT, Transportation
|
-0.6%
|
1.9%
|
-2.8%
|
0.3%
|
0.1%
|
|
SMH, Semiconductors
|
1.8%
|
-0.5%
|
-0.6%
|
0.8%
|
2.0%
|
|
BBH, Biotechnology
|
3.6%
|
2.0%
|
-0.6%
|
-0.3%
|
2.6%
|
|
IYR, Real Estate
|
4.4%
|
2.7%
|
2.3%
|
1.5%
|
-2.1%
|
|
OIH, Oil
|
18.1%
|
4.7%
|
4.1%
|
2.2%
|
6.1%
|
|
XLE,
Energy
|
15.6%
|
5.0%
|
2.4%
|
1.5%
|
5.9%
|
|
XLB,
Materials
|
3.3%
|
2.4%
|
0.1%
|
0.2%
|
0.5%
|
|
XLU,
Utilities
|
3.3%
|
0.5%
|
0.8%
|
1.5%
|
0.6%
|
|
XLI,
Industrial
|
0.3%
|
0.7%
|
-0.2%
|
-0.4%
|
0.2%
|
|
XLK,
Technology
|
1.3%
|
0.6%
|
-0.4%
|
-0.3%
|
1.4%
|
|
XLV,
Healthcare
|
0.6%
|
1.7%
|
-0.4%
|
-0.4%
|
-0.3%
|
|
XLF,
Financials
|
1.3%
|
1.0%
|
0.2%
|
-0.2%
|
0.3%
|
|
XLP,
Consumer Staples
|
-0.9%
|
-0.3%
|
0.1%
|
-0.2%
|
-0.6%
|
|
XLY,
Consumer Discretionary
|
2.5%
|
1.7%
|
0.3%
|
-0.2%
|
0.7%
|
Figure 1 compares index
tracking stocks for the major averages with Sector SPDR’s. Figure 2 compares
index tracking stocks with key industry ETF’s and the five leading ETF’s for
the week. Key industry ETF’s are Biotech and Semiconductors which confirm the
NASDAQ. Transportation confirms the Dow Jones Industrial Average according to
Dow Theory. Banking and Financials are confirming indicators for the S&P
500. Gold and Real Estate are important indicators of the health of the currency
and the economy in general, respectively.
FIGURE 1
FIGURE 2
3.0 Procedure
The following watch lists contain
stock candidates for consideration. They are not necessarily trades. The “Reference”
is the date that a stock passed the indicated filter and was added to or
returned to the list. The “% Change” is how the price has changed since a
stock first passed the filter. Stocks that are down 10% or more after being
listed are removed. The “% from Max” is the percentage the price has declined
from the maximum price reached after a stock first passed the filter. Stocks
that are down 8% from their highs after being listed are flagged in yellow. Stocks
that are down 15% from their highs after being listed are removed. More
information on filters is available on the web site. Send an email
if you need more details.
Key
Companies that have
experienced net insider buying within the past 6 months of 5% or more of issued
stock are listed in Table 3A. These stocks should also appear in one of the Master
Trader screens or meet additional screening criteria before being given serious
consideration.
Table 3A
Net Insider Buying Check List
|
Stock
|
Reference
|
% Chg
|
Company
|
Sector
|
Industry
|
% from Max
|
|
ACAD
|
04/29/05
|
23.3%
|
ACADIA
Pharmaceuticals Inc.
|
Health
Care
|
Biotechnology
& Drugs
|
-1.3%
|
|
AETH
|
06/17/05
|
0.0%
|
Aether
Systems, Inc.
|
Technology
|
Software
& Programming
|
0.0%
|
|
AFT
|
05/20/05
|
-3.0%
|
Axesstel,
Inc.
|
Technology
|
Communications
Equipment
|
-6.8%
|
|
ASPV
|
05/27/05
|
11.9%
|
Aspreva
Pharmaceuticals Corporation
|
Health
Care
|
Biotechnology
& Drugs
|
-1.3%
|
|
FTD
|
04/08/05
|
-7.5%
|
FTD Group,
Inc.
|
Services
|
Retail
(Catalog & Mail Order)
|
-7.6%
|
|
FVRL
|
04/22/05
|
7.3%
|
Favrille,
Inc.
|
Health
Care
|
Biotechnology
& Drugs
|
-0.2%
|
|
INHX
|
04/08/05
|
8.1%
|
Inhibitex,
Inc.
|
Health
Care
|
Biotechnology
& Drugs
|
0.0%
|
|
IPSU
|
05/20/05
|
3.2%
|
Imperial
Sugar Company
|
Consumer
Non-Cyclical
|
Food
Processing
|
-0.9%
|
|
IPXLE
|
04/29/05
|
4.8%
|
Impax
Laboratories Inc.
|
Health Care
|
Biotechnology
& Drugs
|
-1.0%
|
|
IRN
|
05/20/05
|
-2.7%
|
Rewards
Network Inc.
|
Services
|
Business
Services
|
-4.7%
|
|
ITMN
|
04/08/05
|
16.7%
|
InterMune,
Inc.
|
Health
Care
|
Biotechnology
& Drugs
|
0.0%
|
|
JRCC
|
06/17/05
|
0.0%
|
James
River Coal Company
|
Energy
|
Coal
|
0.0%
|
|
KIRK
|
05/27/05
|
1.5%
|
Kirkland's, Inc.
|
Services
|
Retail
(Specialty Non-Apparel)
|
-3.1%
|
|
MERCS
|
05/20/05
|
-2.4%
|
Mercer
International Inc.
|
Basic
Materials
|
Paper
& Paper Products
|
-2.4%
|
|
MWY
|
05/20/05
|
19.2%
|
Midway
Games Inc.
|
Technology
|
Software
& Programming
|
0.0%
|
|
ONXS
|
05/20/05
|
8.7%
|
Onyx
Software Corporation
|
Technology
|
Software
& Programming
|
-9.9%
|
|
OSHC
|
04/08/05
|
3.6%
|
Ocean
Shore Holding Co.
|
Financial
|
S&Ls/Savings
Banks
|
-3.2%
|
|
TAGS
|
05/27/05
|
50.4%
|
Tarrant
Apparel Group
|
Consumer
Cyclical
|
Apparel/Accessories
|
-3.9%
|
|
THLD
|
05/06/05
|
7.3%
|
Threshold
Pharmaceuticals, Inc.
|
Health
Care
|
Biotechnology
& Drugs
|
-1.1%
|
|
TRCA
|
04/29/05
|
22.1%
|
Tercica,
Inc.
|
Health
Care
|
Biotechnology
& Drugs
|
-4.0%
|
|
VSTA
|
05/20/05
|
15.9%
|
VistaCare,
Inc.
|
Health
Care
|
Healthcare
Facilities
|
0.0%
|
|
ZHNE
|
05/06/05
|
33.5%
|
Zhone
Technologies, Inc.
|
Technology
|
Communications
Equipment
|
0.0%
|
Companies with net cash
positions that comprise at least 40% of their share price are listed in Table
3B. These stocks should also appear in one of the Master Trader screens or
meet additional screening criteria before being given serious consideration.
Table 3B
Capital Rich Companies Check List
|
Stock
|
Reference
|
% Chg
|
Company
|
Sector
|
Industry
|
% from Max
|
|
ACP
|
04/08/05
|
4.6%
|
American
Real Estate Partners, L.P.
|
Services
|
Casinos
& Gaming
|
0.0%
|
|
CDCO
|
04/22/05
|
-2.6%
|
COMDISCO
HLDG CO INC
|
Services
|
Rental
& Leasing
|
-5.4%
|
|
CFNB
|
05/13/05
|
13.7%
|
California First National Bancorp
|
Services
|
Rental
& Leasing
|
-3.1%
|
|
CLCT
|
05/20/05
|
4.4%
|
Collectors
Universe, Inc.
|
Services
|
Business
Services
|
-0.6%
|
|
DITC
|
06/03/05
|
-0.9%
|
Ditech
Communications
|
Technology
|
Communications
Equipment
|
-4.0%
|
|
EXAR
|
05/20/05
|
16.3%
|
Exar
Corporation
|
Technology
|
Semiconductors
|
-1.7%
|
|
EXM
|
05/27/05
|
5.7%
|
Excel
Maritime Carriers
|
Transportation
|
Water
Transportation
|
-3.2%
|
|
FDRY
|
04/29/05
|
11.1%
|
Foundry
Networks, Inc.
|
Technology
|
Communications
Equipment
|
-4.4%
|
|
HWG
|
06/03/05
|
20.2%
|
The
Hallwood Group Incorporated
|
Consumer
Cyclical
|
Textiles -
Non-Apparel
|
-0.3%
|
|
KEYN
|
05/13/05
|
15.1%
|
Keynote
Systems, Inc.
|
Technology
|
Computer
Services
|
-0.7%
|
|
MFW
|
05/13/05
|
6.0%
|
M & F
Worldwide Corp.
|
Consumer
Non-Cyclical
|
Beverages
(Non-Alcoholic)
|
0.0%
|
|
NCTY
|
04/08/05
|
54.5%
|
The9
Limited
|
Services
|
Business
Services
|
0.0%
|
|
VNUS
|
05/06/05
|
10.6%
|
VNUS
Medical Technologies, Inc.
|
Health
Care
|
Medical
Equipment & Supplies
|
-11.1%
|
|
WSC
|
04/08/05
|
-5.0%
|
Wesco
Financial Corporation
|
Conglomerates
|
Conglomerates
|
-6.2%
|
|
WZEN
|
04/22/05
|
8.7%
|
Webzen
Inc. (ADR)
|
Technology
|
Computer
Services
|
0.0%
|
When a stock did not pass
the most recent filtering, it makes you wonder what has changed. In the case
of insider buying in Table 3A, it may mean that the number of insider sales has
increased significantly. For cash rich companies in Table 3B, failure to pass
the most recent filter could mean that the cash is gone.
For the screen in
Table 3C, the number of selections is reduced by eliminating stocks having
P/E’s greater than 30.
Table 3C
Growth Momentum Watch List
|
Stock
|
Reference
|
% Chg
|
Company
|
Sector
|
Industry
|
% from Max
|
|
ADVNB
|
05/20/05
|
11.2%
|
Advanta
Corp.
|
Financial
|
Consumer
Financial Services
|
0.0%
|
|
BDK
|
04/29/05
|
7.2%
|
The Black
& Decker Corporation
|
Consumer
Cyclical
|
Appliances
& Tools
|
0.0%
|
|
CHE
|
05/06/05
|
-0.4%
|
Chemed
Corporation
|
Services
|
Business
Services
|
-11.8%
|
|
CRAI
|
03/18/05
|
3.6%
|
CRA
International Inc.
|
Services
|
Business
Services
|
-7.9%
|
|
HOV
|
06/03/05
|
9.3%
|
Hovnanian
Enterprises
|
Capital
Goods
|
Construction
Services
|
0.0%
|
|
HOV
|
06/17/05
|
0.0%
|
Hovnanian
Enterprises
|
Capital
Goods
|
Construction
Services
|
0.0%
|
|
KBH
|
06/17/05
|
0.0%
|
KB Home
|
Capital
Goods
|
Construction
Services
|
0.0%
|
|
LEN
|
06/17/05
|
0.0%
|
Lennar Corporation
|
Capital
Goods
|
Construction
Services
|
0.0%
|
|
ORCC
|
05/06/05
|
16.4%
|
Online
Resources Corp.
|
Technology
|
Computer
Services
|
0.0%
|
|
OSK
|
03/12/05
|
-0.4%
|
Oshkosh
Truck Corporation
|
Consumer
Cyclical
|
Auto &
Truck Manufacturers
|
-5.3%
|
|
PNR
|
05/06/05
|
8.8%
|
Pentair, Inc.
|
Conglomerates
|
Conglomerates
|
-2.5%
|
|
PTRY
|
04/29/05
|
20.5%
|
The
Pantry, Inc.
|
Services
|
Retail
(Grocery)
|
-1.9%
|
|
SAY
|
06/17/05
|
0.0%
|
Satyam
Computer (ADR)
|
Technology
|
Software
& Programming
|
0.0%
|
|
SFY
|
04/22/05
|
29.1%
|
Swift
Energy Company
|
Energy
|
Oil &
Gas Operations
|
-0.8%
|
|
SGK
|
05/13/05
|
26.5%
|
Schawk,
Inc.
|
Services
|
Printing
Services
|
-0.4%
|
|
SPF
|
05/06/05
|
17.0%
|
Standard
Pacific Corp.
|
Capital
Goods
|
Construction
Services
|
0.0%
|
|
SYT
|
04/08/05
|
1.4%
|
Syngenta
AG (ADR)
|
Basic
Materials
|
Chemical
Manufacturing
|
0.0%
|
|
TDY
|
04/29/05
|
11.5%
|
Teledyne
Technologies Incorporated
|
Services
|
Business
Services
|
-1.9%
|
|
UNH
|
04/15/05
|
11.2%
|
UnitedHealth
Group Inc.
|
Financial
|
Insurance
(Accident & Health)
|
0.0%
|
|
WOS
|
04/01/05
|
1.2%
|
Wolseley
plc (ADR)
|
Capital
Goods
|
Misc.
Capital Goods
|
-1.9%
|
|
ZNT
|
04/15/05
|
27.0%
|
Zenith
National Insurance Corp.
|
Financial
|
Insurance
(Property & Casualty)
|
0.0%
|
For the Peter Lynch screen
in Table 3D, the number of selections is reduced by eliminating stocks having
P/E’s greater than 30. BLSC was removed because it fell back more than 15%
from its high after being listed.
Table 3D
Peter Lynch Value Watch List
|
Stock
|
Reference
|
% Chg
|
Company
|
Sector
|
Industry
|
% from Max
|
|
CAJ
|
01/31/05
|
3.5%
|
Canon Inc.
(ADR)
|
Technology
|
Computer
Peripherals
|
-1.8%
|
|
CHL
|
03/18/05
|
8.5%
|
China Mobile (Hong Kong) Limited (ADR)
|
Services
|
Communications
Services
|
-1.2%
|
|
GMK
|
05/06/05
|
19.6%
|
Gruma S.A.
de C.V. (ADR)
|
Consumer
Non-Cyclical
|
Food
Processing
|
-1.7%
|
|
KEP
|
12/13/04
|
22.1%
|
Korea
Electric Power Corporation (ADR)
|
Utilities
|
Electric
Utilities
|
0.0%
|
|
KOF
|
04/29/05
|
13.0%
|
Coca-Cola
FEMSA, S.A. (ADR)
|
Consumer
Non-Cyclical
|
Beverages
(Non-Alcoholic)
|
0.0%
|
|
LFL
|
05/13/05
|
3.0%
|
Lan
Airlines S.A. (ADR)
|
Transportation
|
Airline
|
-2.5%
|
|
MKTAY
|
04/15/05
|
22.9%
|
Makita
Corporation (ADR)
|
Consumer
Cyclical
|
Appliances
& Tools
|
0.0%
|
|
NHY
|
04/29/05
|
15.0%
|
Norsk
Hydro ASA (ADR)
|
Conglomerates
|
Conglomerates
|
0.0%
|
|
NTE
|
05/06/05
|
10.8%
|
Nam Tai
Electronics, Inc.
|
Technology
|
Electronic
Instruments & Controls
|
0.0%
|
|
PKX
|
04/29/05
|
2.0%
|
POSCO
(ADR)
|
Basic
Materials
|
Iron &
Steel
|
-2.5%
|
|
RD
|
04/29/05
|
9.0%
|
Royal
Dutch Petroleum Company (ADR)
|
Energy
|
Oil &
Gas - Integrated
|
0.0%
|
|
SAB
|
05/13/05
|
-0.4%
|
Grupo Casa
Saba, S.A. (ADR)
|
Consumer
Non-Cyclical
|
Personal
& Household Products
|
-0.9%
|
|
SC
|
04/29/05
|
5.5%
|
Shell
Transport & Trading (ADR)
|
Energy
|
Oil &
Gas - Integrated
|
0.0%
|
|
SHI
|
06/03/05
|
2.1%
|
Sinopec
Shang Petrochem LTD
|
Energy
|
Oil Well
Services & Equipment
|
-2.2%
|
|
SKM
|
02/07/05
|
8.3%
|
SK Telecom
Co., Ltd. (ADR)
|
Services
|
Communications
Services
|
0.0%
|
|
TKS
|
04/15/05
|
-2.0%
|
Tomkins
plc (ADR)
|
Conglomerates
|
Conglomerates
|
-3.0%
|
|
TM
|
12/13/04
|
-2.9%
|
Toyota
Motor Corporation (ADR)
|
Consumer
Cyclical
|
Auto &
Truck Manufacturers
|
-11.1%
|
|
TMX
|
06/03/05
|
2.0%
|
Telefonos
de Mexico, S.A. (ADR)
|
Services
|
Communications
Services
|
0.0%
|
|
TP
|
05/27/05
|
-3.0%
|
TNT N.V.
(ADR)
|
Transportation
|
Trucking
|
-3.0%
|
|
VCP
|
05/06/05
|
1.7%
|
Votorantim
Celulose e Papel S.A (ADR)
|
Basic
Materials
|
Forestry
& Wood Products
|
-0.9%
|
|
VLCCF
|
06/03/05
|
1.5%
|
Knightsbridge
Tankers Limited
|
Transportation
|
Water
Transportation
|
-4.5%
|
|
YPF
|
04/15/05
|
9.9%
|
YPF
Sociedad Anonima S.A. (ADR)
|
Energy
|
Oil &
Gas Operations
|
-3.6%
|
The filter for Warren
Buffet style stock picking in Table 3E is for the intermediate to long term.
Two requirements were added. One was to include only optionable stocks in
order to find LEAPS opportunities. The other requirement was to include only
those stocks having a PE of 17 or less.
Table 3E
Warren Buffett Value Watch List
|
Stock
|
Reference
|
% Chg
|
Company
|
Sector
|
Industry
|
% from Max
|
|
ABFS
|
04/29/05
|
0.3%
|
Arkansas
Best Corporation
|
Transportation
|
Trucking
|
-5.6%
|
|
ACS
|
04/29/05
|
7.0%
|
Affiliated
Computer Services
|
Technology
|
Computer
Services
|
-1.4%
|
|
APPB
|
04/29/05
|
12.8%
|
Applebee's
Int'l, Inc.
|
Services
|
Restaurants
|
-1.3%
|
|
CACH
|
04/29/05
|
51.3%
|
Cache,
Inc.
|
Services
|
Retail
(Apparel)
|
0.0%
|
|
DHI
|
04/15/05
|
39.2%
|
D.R. Horton
Inc.
|
Capital
Goods
|
Construction
Services
|
0.0%
|
|
DSPG
|
02/07/05
|
-3.2%
|
DSP Group,
Inc.
|
Technology
|
Communications
Equipment
|
-7.4%
|
|
ELBO
|
01/31/05
|
80.8%
|
Electronics
Boutique Holdings Corp.
|
Services
|
Retail
(Technology)
|
-0.7%
|
|
FOSL
|
05/13/05
|
8.7%
|
Fossil,
Inc.
|
Consumer
Cyclical
|
Jewelry
& Silverware
|
-2.0%
|
|
HDI
|
04/15/05
|
8.4%
|
Harley-Davidson,
Inc.
|
Consumer
Cyclical
|
Recreational
Products
|
-0.7%
|
|
HELE
|
05/20/05
|
3.4%
|
Helen of
Troy Limited
|
Consumer
Cyclical
|
Appliances
& Tools
|
-0.9%
|
|
LNCR
|
12/27/04
|
4.7%
|
Lincare
Holdings Inc.
|
Health
Care
|
Healthcare
Facilities
|
-4.1%
|
|
LXK
|
04/29/05
|
-4.2%
|
Lexmark
International, Inc.
|
Technology
|
Computer
Peripherals
|
-4.2%
|
|
NUE
|
04/15/05
|
11.4%
|
Nucor
Corporation
|
Basic
Materials
|
Iron &
Steel
|
0.0%
|
|
PGR
|
12/27/04
|
18.2%
|
The
Progressive Corp.
|
Financial
|
Insurance
(Property & Casualty)
|
-0.2%
|
|
RS
|
04/15/05
|
6.7%
|
Reliance
Steel & Aluminum
|
Basic
Materials
|
Misc.
Fabricated Products
|
0.0%
|
|
SRT
|
05/06/05
|
30.5%
|
StarTek,
Inc.
|
Services
|
Business
Services
|
0.0%
|
|
STLD
|
05/20/05
|
4.4%
|
Steel
Dynamics, Inc.
|
Basic
Materials
|
Iron &
Steel
|
-1.5%
|
|
THO
|
04/15/05
|
19.1%
|
Thor
Industries, Inc.
|
Capital
Goods
|
Mobile
Homes & RVs
|
-2.0%
|
|
TLK
|
04/29/05
|
19.9%
|
PT
Telekomunikasi Indonesia (ADR)
|
Services
|
Communications
Services
|
0.0%
|
|
TSCO
|
04/22/05
|
19.0%
|
Tractor
Supply Company
|
Services
|
Retail
(Home Improvement)
|
-1.6%
|
The stocks from Benjamin
Graham’s style of utility investing are listed in Table 3F. A requirement was
added to include only those stocks having a PE of 17 or less.
Table 3F
Benjamin Graham Utility Watch List
|
Stock
|
Reference
|
% Chg
|
Company
|
Sector
|
Industry
|
% from Max
|
|
ATG
|
04/29/05
|
8.3%
|
AGL
Resources Inc.
|
Utilities
|
Natural
Gas Utilities
|
-0.6%
|
|
ATO
|
04/01/05
|
6.1%
|
Atmos
Energy Corporation
|
Utilities
|
Natural
Gas Utilities
|
-1.0%
|
|
CEG
|
04/29/05
|
5.1%
|
Constellation
Energy Group
|
Utilities
|
Electric
Utilities
|
0.0%
|
|
CPK
|
05/06/05
|
16.8%
|
Chesapeake Utilities
|
Utilities
|
Natural
Gas Utilities
|
-1.0%
|
|
KEP
|
01/10/05
|
31.8%
|
Korea
Electric Power Corporation (ADR)
|
Utilities
|
Electric
Utilities
|
0.0%
|
|
NFG
|
04/08/05
|
1.8%
|
National
Fuel Gas Co.
|
Utilities
|
Natural
Gas Utilities
|
-0.5%
|
|
OKE
|
04/15/05
|
11.3%
|
ONEOK,
Inc.
|
Utilities
|
Natural
Gas Utilities
|
0.0%
|
|
PGN
|
01/10/05
|
1.4%
|
Progress
Energy, Inc.
|
Utilities
|
Electric
Utilities
|
-0.7%
|
|
PNW
|
01/10/05
|
3.7%
|
Pinnacle
West Capital
|
Utilities
|
Electric
Utilities
|
-0.7%
|
|
SRE
|
01/10/05
|
11.0%
|
Sempra Energy
|
Utilities
|
Natural
Gas Utilities
|
-4.9%
|
|
UU
|
06/10/05
|
-0.6%
|
United
Utilities PLC (ADR)
|
Utilities
|
Electric
Utilities
|
-1.4%
|
|
WPS
|
02/07/05
|
9.9%
|
WPS
Resources Corp
|
Utilities
|
Electric
Utilities
|
-0.1%
|
The stocks from John Templeton’s style of investing are
listed in Table 3G.
Table 3G
John Templeton Watch List
|
Stock
|
Reference
|
% Chg
|
Company
|
Sector
|
Industry
|
% from Max
|
|
BRO
|
05/27/05
|
1.6%
|
Brown
& Brown, Inc.
|
Financial
|
Insurance
(Miscellaneous)
|
-2.9%
|
|
CACH
|
05/27/05
|
28.5%
|
Cache,
Inc.
|
Services
|
Retail
(Apparel)
|
0.0%
|
|
CPS
|
05/27/05
|
0.3%
|
ChoicePoint
Inc.
|
Services
|
Business
Services
|
-1.3%
|
|
DGX
|
05/27/05
|
0.9%
|
Quest
Diagnostics Incorporated
|
Health
Care
|
Healthcare
Facilities
|
0.0%
|
|
EASI
|
06/03/05
|
4.7%
|
Engineered
Support System
|
Capital
Goods
|
Misc.
Capital Goods
|
0.0%
|
|
EDMC
|
06/03/05
|
4.8%
|
Education
Management Corp
|
Services
|
Schools
|
-0.5%
|
|
FCBP
|
05/27/05
|
6.5%
|
First
Community Banc./CA/
|
Financial
|
Regional
Banks
|
0.0%
|
|
HDI
|
05/27/05
|
-0.5%
|
Harley-Davidson,
Inc.
|
Consumer
Cyclical
|
Recreational
Products
|
-0.5%
|
|
JNJ
|
05/27/05
|
-1.3%
|
Johnson
& Johnson
|
Health
Care
|
Major
Drugs
|
-1.3%
|
|
MBT
|
06/17/05
|
0.0%
|
Mobile
TeleSystems OJSC (ADR)
|
Services
|
Communications
Services
|
0.0%
|
|
MTB
|
05/27/05
|
3.4%
|
M&T
Bank Corporation
|
Financial
|
Regional
Banks
|
0.0%
|
|
SFG
|
05/27/05
|
1.1%
|
StanCorp
Financial Group, Inc.
|
Financial
|
Insurance
(Life)
|
-0.8%
|
|
SNV
|
05/27/05
|
0.8%
|
Synovus
Financial Corp.
|
Financial
|
Regional
Banks
|
0.0%
|
|
SQM
|
05/27/05
|
19.5%
|
Sociedad
Quimica y Minera (ADR)
|
Basic
Materials
|
Chemical
Manufacturing
|
0.0%
|
|
SYY
|
05/27/05
|
-0.8%
|
SYSCO
Corporation
|
Services
|
Retail
(Grocery)
|
-2.0%
|
|
WMAR
|
05/27/05
|
15.7%
|
West
Marine, Inc.
|
Services
|
Retail
(Specialty Non-Apparel)
|
0.0%
|
|
WSM
|
05/27/05
|
5.5%
|
Williams-Sonoma,
Inc.
|
Services
|
Retail
(Specialty Non-Apparel)
|
-0.5%
|
The stocks from Martin
Zweig’s style of investing are listed in Table 3H. MIKR was removed because it
declined more than 15% from its high after being listed.
Table 3H
Martin Zweig Watch List
|
Stock
|
Reference
|
% Chg
|
Company
|
Sector
|
Industry
|
% from Max
|
|
ABNS
|
05/27/05
|
16.0%
|
ALLIANCE BANCSHS CALIF
|
Financial
|
Regional
Banks
|
-11.9%
|
|
APA
|
05/27/05
|
12.7%
|
Apache
Corporation
|
Energy
|
Oil &
Gas Operations
|
0.0%
|
|
AQNT
|
05/27/05
|
17.4%
|
aQuantive
Inc.
|
Services
|
Advertising
|
0.0%
|
|
BMHC
|
05/27/05
|
10.8%
|
Building
Materials Holding Corp.
|
Services
|
Retail
(Home Improvement)
|
-2.0%
|
|
CAE
|
06/10/05
|
4.9%
|
Cascade
Corporation
|
Capital
Goods
|
Misc.
Capital Goods
|
-1.5%
|
|
CLFC
|
05/27/05
|
10.1%
|
Center
Financial Corporation
|
Financial
|
Regional
Banks
|
0.0%
|
|
CMTL
|
06/10/05
|
0.8%
|
Comtech
Telecomm. Corp.
|
Technology
|
Communications
Equipment
|
0.0%
|
|
DHI
|
05/27/05
|
8.3%
|
D.R.
Horton Inc.
|
Capital
Goods
|
Construction
Services
|
0.0%
|
|
EPL
|
05/27/05
|
15.2%
|
Energy
Partners, Ltd.
|
Energy
|
Oil &
Gas Operations
|
0.0%
|
|
EXP
|
05/27/05
|
4.8%
|
Eagle
Materials, Inc.
|
Capital
Goods
|
Construction
- Raw Materials
|
0.0%
|
|
KBH
|
06/17/05
|
0.0%
|
KB Home
|
Capital
Goods
|
Construction
Services
|
0.0%
|
|
LEN
|
05/27/05
|
10.0%
|
Lennar
Corporation
|
Capital
Goods
|
Construction
Services
|
0.0%
|
|
MKL
|
05/27/05
|
-1.0%
|
Markel
Corporation
|
Financial
|
Insurance
(Property & Casualty)
|
-1.0%
|
|
MPAC
|
05/27/05
|
9.3%
|
MOD-PAC
CORP.
|
Basic
Materials
|
Paper
& Paper Products
|
-1.9%
|
|
NICK
|
05/27/05
|
8.5%
|
Nicholas
Financial Inc.
|
Financial
|
Consumer
Financial Services
|
0.0%
|
|
NOBH
|
05/27/05
|
5.0%
|
Nobility
Homes, Inc.
|
Capital
Goods
|
Construction
Services
|
-2.1%
|
|
POOL
|
06/10/05
|
5.8%
|
SCP Pool
Corporation
|
Consumer
Cyclical
|
Recreational
Products
|
-1.6%
|
|
RESP
|
06/03/05
|
5.7%
|
Respironics,
Inc.
|
Health
Care
|
Medical
Equipment & Supplies
|
-0.6%
|
|
RIMG
|
05/27/05
|
-8.1%
|
Rimage
Corporation
|
Technology
|
Computer
Peripherals
|
-8.1%
|
|
SPF
|
05/27/05
|
11.0%
|
Standard
Pacific Corp.
|
Capital
Goods
|
Construction
Services
|
0.0%
|
|
TOL
|
05/27/05
|
14.7%
|
Toll
Brothers, Inc.
|
Capital
Goods
|
Construction
Services
|
0.0%
|
|
VSEC
|
05/27/05
|
3.4%
|
VSE
Corporation
|
Services
|
Business
Services
|
-3.2%
|
|
ZQK
|
05/27/05
|
0.8%
|
Quiksilver,
Inc.
|
Consumer
Cyclical
|
Apparel/Accessories
|
-5.5%
|
4.0
Results
This section highlights
performance of stocks and options trades. Only a summary is provided here to
save space. Detailed lists of closed trades can be found on the website.
Stock Trades
|
No. of Closed trades in 2005 =
|
28
|
(1.1 Trades per Week)
|
|
Average Trade Size =
|
$1,000.00
|
|
|
Total Share costs =
|
$28,000.00
|
|
|
Gross Profit on Closed Positions =
|
$1,181.24
|
(4.2%)
|
|
Profit on Open Positions =
|
$822.13
|
(6.9%)
|
|
Broker Commission (Etrade) =
|
-$559.44
|
|
|
Subscription Cost to date =
|
-$60.00
|
|
|
Net Profit After Expenses =
|
$1,383.93
|
|
Option Trades
|
Number of trades in 2005 =
|
38
|
(1.5 Trades per Week)
|
|
Number of contracts per trade =
|
2
|
|
|
Avg. Premium Cost per trade =
|
$1,379.63
|
|
|
Total Premium costs =
|
$52,426.00
|
|
|
Gross Profit on Closed Positions =
|
$7,530.49
|
(14.4%)
|
|
Broker Commission (Etrade) =
|
-$1,124.10
|
|
|
Subscription Cost to date =
|
-$360.00
|
|
|
Net Profit After Expenses =
|
$6,046.39
|
(Avg.
holding period 9.5 days)
|
5.0 Conclusion
Performance since the
beginning of 2005 based on 10% of capital per trade:
Change in Capital
|
Stock
Advisory
|
+11.1%
|
|
Options
Advisory
|
+47.0%
|
|
Major Indices through 06/18/05
|
|
DOW
|
-1.5%
|
|
NASDAQ
|
-3.9%
|
|
S&P500
|
+0.4%
|
|
Russell
2000
|
-1.1%
|
Appendix
Investment Conference Schedule
Below are links to
conference registration sites where you can sign up.
- 09-07-05 Las Vegas, Nevada "Gold and Precious Metals Investment Conference"
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metal resource market has demonstrated its strength and longevity,
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bull market, with Natural Resources the clear profit leaders.
- 09-29-05 Las Vegas, Nevada "Tradestation World
Users Conference" Trade Station World Conference and Expo, the premier
conference for TradeStation users, is coming to the Venetian Hotel in Las
Vegas, September 29 - October 2, 2005. Here's where you learn about how to
design your personal trading strategies, and to test those strategies
against historical data.
- 10-02-05 Toronto, Ontario "Toronto Resource Investment Conference"
- 10-30-05 New Orleans, LA "New Orleans Investment Conference"
- 11-10-05 Millbrae, CA "Biotech Investing
Conference" Continuing advances in genomics, proteomics and
enabling technologies makes the Biotech sector a favorite among private
equity investors and venture capitalists. The Biotech Investing Conference
is an industry gathering of the leading private equity investors, venture
capitalists, biotech companies, pharmaceutical companies, corporate
investors and institutional investors.
- 11-27-05 San Francisco, CA "Gold and Precious Metals Conference"
Both
professional and sophisticated private investors meet with the world's
leaders in gold, silver, precious metals, copper and oil and gas
exploration and production. The Natural Resource industry's newest
opportunities are presented, together with educational seminars, executive
panels and investment workshops led by top finance specialists, economic
analysts and newsletter editors. Admission is complimentary with
pre-registration.
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