Maybe the small caps and micro caps are starting to move? Nah–it was a mirage.
We went 4 up, 6 down and 3 even last week. Our model portfolio year-to-date gain, dropped 2.2% to 12.3%. DWCH continued as our biggest dog followed by, MIVA, LINN.ob, ARIS.ob and OPTO.ob. Since the start of the year we are 10 up, 5 down and 1 even. News on CAW and ARIS.ob last week.
The model portfolio assumes $10,000 invested in each stock, less $10 commission each way (TD Ameritrade rate).
SPNC-(Buy price $10.65, Valuation $18-$20). Price dropped $.01 to $11.69 last week, despite news that they are introducing an updated set of products. Initial reaction was good, then the price drifted back down. Now up 10%. HOLD
CAW-(Buy price $9.45, Valuation $18.40). Closed up $.18 at $9.83. Yield about 3%. CAW announced earnings last week. They were great as I expected–$.27 per share versus a loss last year of $.05. Sales were up 7% and they have $2.50 per share in cash. So all we get is an $.18 rise. It did spike up to $10.80 on the news, but didn’t hold the gains. I expect the valuation to rise to over $19 per share, but don’t have enough data to confirm this until they file their 10Q. Up 4% so far. BUY.
QADI-(Buy price $6.93, Valuation $13.73 (was $11.86). Closed at $8.25, up $.17. Yield about 1.2%. Trading at only 60% of valuation. Has $1.30 in cash also. Up 19% so far. HOLD.
PDLI-(Buy price $19.31, Valuation > $30)–Closed at $20.18, up $.98. Now up 5%. Hopefully PDLI will not fall back below our buy price as it has 2 or 3 times before. HOLD.
MIVA-(Buy price $3.80, Valuation $7.38 (was $9.10)). MIVA closed at $2.94, down $.36. Now down 23% to date. HOLD until we see their full earnings results for the quarter and update our valuation.
DWCH-(Buy price $3.66, Valuation $7.63 (was $9.31)). Closed at $2.38, down $.18, still a loser–down 35%. HOLD.
INFT-(Buy price $4.11, Valuation $6.86 (was $7.32)). Down $.03 last week to $4.10. Still has $2.52 per share in cash. Price objective $5.50. Now down a tiny .2%. BUY.
ARIS.ob-(Buy price $2.06, Valuation $5.21). Closed at $1.95, down $.15 last week. Now down 5% so far. BUY if you can find some shares. Huge valuation gap. More good customer news last week (again).
Linn.ob-(Buy price $.36, Valuation $.66 (was $.79)). Closed at $.31, down $.04 last week. Still trading at only 47% of our current valuation. Down 14% YTD. HOLD until we get some revenue growth and stop losing money.
OPTO.ob-(Buy price $1.25, Valuation $2.54 (was 2.88)). Closed at $1.20, down $.05. Now back in the red with a 4% loss. BUY.
AVSO.ob-(Buy price $1.19, NEW Valuation $3.36 (was $3.81)). Stock closed at $1.81, up $.01. Now up 52%. Still only trading at only 54% of our new valuation. BUY.
CTIG.ob-(Buy price $.27 ask, Valuation $1.05 (Was $.82)). Ask price stayed at $.32. Closed at $.32. Cash is $.28 per share. Up 19% so far (based on asked price). If you own this HOLD. If you don’t-BUY.
IYXI.ob-(Buy price $1.91, Valuation–over $3.00). Closed down $.01 at $2.51, up 31%. This is still very risky, but could be a real barnburner is they do what they say they are going to do. HOLD.