PORTFOLIO UPDATE: UNTOUCHABLE POSSE
During the trading day I tweeted the following:
By now it should be obvious to all that I enjoyed merry-go-rounds growing up, attempting to duplicate the experience in adulthood through the financial markets. I speak, of course, about GSIG. I have been tossed around like a anorexic dwarf at a frat party since early 2011 in GSIG. It should be noted, however, that my original cost basis on the stock was somewhere in the $2 range when it was mired in bankruptcy, with its very existence as a functioning future entity in doubt. I've done well with the stock since 2010, but never expected for an 18 month trading range to develop as it has.
Nevertheless, I wouldn't be taking the position if I didn't think that the range was going to breakout to the upside here soon. There is value in the name, which is why I keep taking shots at it going back and forth between making 5% and losing 5%. I will eventually catch this tiger by the tail and when I do, I sure as hell won't let go.
The newest research report was posted to the website today, in case you missed it. SPNS is another position I have been accumulating as of late. Full details of the investment are in the research report. It is another small-cap play that is in the right place at the right time, while a majority of Wall Street looks into the myopic tunnel of flying large-cap turds that provide the liquidity and professional camaraderie necessary to facilitate their squirrel like minds and pebble sized testicles, overlooking opportunities for 300% plus gains in companies such as SPNS. Overpaid apes in suits and ties should be regarded with great suspicion not some of the time, but all of the time.
My current exposure is now back to 75% equities and 25% cash. A comfortable posture for the time being. I am in the positive again this month, after avoiding the pitfalls of May, turning lemons into lemonade through a simple combination of stock picking and risk management.
To be clear, the current portfolio consists of the following: SYNC, SPRT, SPNS, GSIG, ATNY
A simple, pure and elegant portfolio if I've ever seen one.
