InvestorPlace Blogs is powered by Marketocracy. Marketocracy has authorized Investor Place Blogs as an official registrar for voting through Marketocracy's Investment Research Rating service. Registered members of InvestorPlace Blogs are linked with a Marketocracy account to establish voting power based on their performance of trading and posting on stocks.
Although I enjoy blogging it is nice to take a breather every now and then; therefore I decided that between contests I'd take the entire month of January off. Unfortunately the stock market remained just too "interesting"; so I ended up working as hard as ever to keep my Marketocracy funds from disintegrating.
MMC Trades
In my Magic Micro Caps fund (started in 2005) I sold a couple of "old friends". In spite of a recent upsurge, Universal Stainless (USAP) started falling again. My policy is to sell a stock if the price falls lower than it was 12 months ago (if I've held it longer than a year). USAP hit that point. I sold it, even though I'd made money on it previously. In a similar move I sold Silverleaf Reseorts (SVLF). In addition to the fact that it's down a bit over the last year, I don't anticipate it doing well during a recession.
I bought more Twin Disc (TWIN), Mesa Laboratories (MLAB), Natural Gas Services Group (NGS) and Northern Technolgies International (NTI).
It was goodbye to Spectrum Control (SPEC) when its stock plunged due to weak 4th quarter sales.
When Pope Resources (POPEZ) started to plummet I sold it fast, though not fast enough to prevent a loss. I should have forseen that this would happen even though it had been holding even during the last, few, difficult months. The company manages timber resources and real estate. Sooner or later the timber was bound to be negatively affected by a drop in home construction.
Now, with the microcaps, my biggest problem is finding stocks to buy. Microcaps are always volatile but in a bear market they do especially badly so that even good companies can sink past recovery. The MMC fund is down 12.99% so far this year.
Strategy Lab Trades
With the mid- and large- size Strategy Lab companies I can still have the opposite problem -- narrowing down to the ultimate winners. I'm confining myself to fields like biotech, health and pharmaceuticals where some stocks continue to rise.
Needing cash to invest in companies whose stocks are rising now, I sold my worst performers, VSE Corp. (VSEC) (though it is still in the microcap fund) and Quintana Maritime (QMAR) plus half of Freeport-McMoran (FCX)
I bought UltraShort Technology (REW) plus a tiny bit of $1,500 Claymore/BNY BRIC ETF (EEB), mainly to keep an eye on it. This once more puts me close to the maximum amount of ETFs allowed for compliance (25%).
Due to bad news on the legal front, I sold Apollo (APOL), though it had not crashed -- yet. To replace it I couldn't make up my mind between competitors DeVry (DV) and Strayer (STRA). So I bought them both. The rule that educational companies can do well in a recession is holding true so far.
I sold iShares FTSE/Xinhua China 25 Index (FXI) and again bought UltraShort FTSE/Xinhua China 25 Proshare (FXP). In the fall I'd gone from FXI to FXP, then back to FXI again. At one point I held them both! Someone who really knows how to time the markets should do very nicely just trading these 2 ETFs back and forth. Unfortunately that's not me.
So far in 2008 my Strategy Lab fund, down 7.98%, is doing slightly better than the S&P 500, Dow and NASDAQ. However I have no idea where it stands in relation to the other long-term contestants because the Website chart is also taking the month of January off while the Marketocracy and InvestorPlace technicians work like crazy preparing the next round and making improvements.
Topping my wish list for enhancement is inclusion of the huge number of foreign companies traded on the Pink Sheets, or at least those in the "OTCQX" and "Current Information" tiers. Almost all the ADRs are in those tiers, anyway.
|
Comments (2)
Hey T&B, Glad to see the writer's strike won't be stopping your blog :)
Posted by Russell Krull | January 21, 2008 5:59 PM
T&B,
Take a gander @ the beLOW :
New welfare rule friendlier to students
January 26, 2008 12:29 PM ET
Welfare recipients who go to college can use up to a year of classwork to meet the program's work requirements and no longer will need to have homework supervised for some of that time count as well.
The unsupervised homework provision, which also applies to vocational school and other educational activities, represents a change from rules put into place in 2006 for the Temporary Assistance for Needy Families Program. A copy of the final rule was obtained by The Associated Press. It will be published in the Federal Register this coming week.
Governors had sought the changes. They said the requirement of supervised homework would increase state costs. The Bush administration had wanted as much supervision as possible, but eventually acknowledged that most students are not monitored as they do their homework.
"Since we're trying to imitate what real life is like, we thought we were asking a little too much there," said Sidonie Squier, director of the Office of Family Assistance, part of the Health and Human Services Department.
Adults getting cash aid generally are required to work a minimum number of hours each week. The 2006 rule more strictly defined what constitutes work. The new rule incorporates the feedback since then.
The earlier rule did not count getting a bachelor's degree as a work activity. The new rule will allow recipients to count one year of college as a work activity.
"Long-term success will depend upon people getting better jobs, better skills, better wages," said Liz Schott, a senior fellow at the Center on Budget and Policy Priorities, a liberal-leaning think tank.
The rules did not incorporate the governors' request for more leeway in setting the work requirements for people with disabilities, Schott said. Some participants with disabilities simply cannot meet the minimum 20 or 30 hours per week that is required, but states should still get credit for helping them, the governors told the administration.
Half of the single-parent families participating in a state's TANF program must meet the work requirements or the state could lose some federal money.
"We recognize that many individuals with disabilities are capable of participating in productive work activities and encourage states to explore these capabilities, rather than focusing on their limitations," the final rule says.
The administration said it plans to expand its efforts to give states more technical assistance in helping them find full employment for disabled welfare recipients.
Squier rejected the notion that states could have more of an incentive to drop the disabled from the TANF rolls if their participation makes it harder for states to avoid financial penalties.
"States really have a nasty little tendency to shove folks with a disability to the side because they're harder to work with," Squier said. "When you move them aside, that's a not-so-subtle form of discrimination."
But Schott said that giving states more leeway in serving the disabled would increase their financial incentive to do so.
One of the biggest changes the administration made to the rules will make it easier for participants to engage in job searches or job training without running into the time limits set for those job categories. Overall, Schott said the administration made several "small but not insignificant changes," allowing states to better help families in the program.
About 2 million families per month get cash assistance, down from 5 million families in the mid-1990s.
___
Most "recipients" go to Vocational Schools
like learning how to cut hair or do finger-nails or hair-weaving.
'Advanced' education in America.
What a Country, Jakov Smirnoff !!!!!
Not So ?
It's an NEA and American Association of College & University PROfessors JOB Mo-sheen.
Good work if you can get it.
Pays well. too.
Clinton's idea of reducing Welfare roles was to
re-classify indigents as psychological BasketCases (socioPATHic resenters of AUTHORity, etc ),"mentally" ill and/or
otherwise "Handy-Capped" It worked - it DID reduce OVERt welfare roles. He & AL gaBore got Braggin' rights on the SUX-cess{Pool}.
This TASK employed an Army of Psychiatrists, Psychologists,Sociologists & Career Counselors - all paid very well and so CONcerned about their 'Clients'.
This NEW Program ( same as the OLD program ) will 'stimulate' the creation and/or ExPANsion of numerous NEW colleges of Cosmetology and such. And fill the Local Community Colleges' Class Rooms w/ GED Geniuses & High School DROP-outs.
Welcome to the REAL[Politik] Whirl.
RoiRRawGnikIV
PS : I'm going to sign up for a B.A in Fizz-Ed
( w/ DuffBeer ), Sex Education & BasketWeaving. With a Minor in Minority studies.
After that- I'll get a "make-work" job Rubber (TIME) Stamping IN-Box Memo's from the PaperMill Blizzard of Government Fraud,Waste& Abuse DePARTment.
I should go FAR. I'm VERY diligent and I at least show UP & Punch the TIME Clock.
Posted by don ferk | January 26, 2008 2:28 PM