Last week we went 7 up, 7 down and 1 even last week. MIVA finally moved back into the winner column last week.DWCH is still our biggest dog followed by LINN.ob,INFT, PARL, MOBI and ARIS.ob. For the week, 2007 year-to-date, and since we started this Blog in January 2006 our model portfolio is +.4%,-.2% and +15.2% respectively.
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). Up $.06 to $11.31 last week. announced a facility expansion last week, there will be some short-term negative financial impact due to duplicate facilities, but it shows confidence in the future. Needham conference last week had no impact as the shorts nickeled the price down to the mid-$10 range last week before the price came back strong on Friday. Up 6% so far. HOLD.
QADI-(Buy price $6.93, Valuation $13.69 (was $13.73 and $11.86). Closed at $8.09, up $.05. Trading at only 59% of valuation. No news. Has $1.03 in cash also. Up 17% so far. HOLD.
PDLI-(Buy price $19.31, Valuation > $30)–Closed at $21.24, up $1.02. DNA announced earnings last week and helped push PDLI higher as their royalty drugs sold by DNA had solid performances as well as the January 11th JP Morgan conference they spoke at. Now up 10%. HOLD.
MIVA-(Buy price $3.80, Valuation $7.52 (was $7.38 and $9.10)). MIVA closed at $3.92, up $.27. THe move to Google seems to be driving the stock. Now UP 3%%. HOLD.
DWCH-(Buy price $3.66, NEW Valuation $7.50 (was $7.63, $9.31)). Closed at $2.69, up $.09 for the week, now down 27%. Earnings due on January 30th. HOLD.
INFT-(Buy price $4.11, Valuation $6.95 (was $6.86)). Down $.13 to $3.76. Still has $2.52 per share in cash. Price objective $5.50. Earnings due on January 31st. Now down 9%. BUY.
MOBI-(Buy price $7.08, Valuation $12.69). Down $.19 to $6.54. No news. Earnings due on January 25th. Down 8%. BUY.
RITT-(Buy price $1.00, Valuation $2.69). Closed down $.02 at $1.25 last week. No news. Up 25%. HOLD.
PARL-(Buy price $6.65, Valuation $13.77). PARL closed at $6.13, down $.19 last week. Parl is trying to flush Mr. Nussbdorf out. On Friday they filed a letter with the SEC where they ask him to stop screwing around and make an offer for the company. Nussdorf meanwhile continues to wage his proxy war to toss out current management. Let the fun begin.There seems to be too many catalysts for this to stay down for long. Down 8%. This remains a BUY.
ARIS.ob-(Buy price $2.06, Valuation $5.28 (was $5.28, $5.21)). Closed at $2.00, down $.05 last week. This stock is still illiquid, so price moves are fairly meaningless at this point. Now down 3% so far. BUY if you can find some shares. Huge valuation gap.
Linn.ob-(Buy price $.36, Valuation $.62 (was $.66 and before that-$.79)). Closed at $.30, unchanged last week. Still trading at only 48% of our current valuation. Down 17%. HOLD until we get some revenue growth and stop losing money (same story as last quarter).
OPTO.ob-(Buy price $1.25, Valuation $2.89 (was $2.54 and 2.88)). Closed at $1.42, down $.03. Has $.44 in cash per share also. Share volme jumped last week, so maybe the company is using their $2 million to start buying back some share. Didn’t help the stock price. 14% gain so far. HOLD.
AVSO.ob-(Buy price $1.19, Valuation $2.69 (was $3.36, $3.81)). Stock closed at $1.65, up $.05. Now up 39%. No news last week. HOLD.
CTIG.ob-(Buy price $.27 ask, Valuation $1.13 (Was $1.05, $.82)). Ask price stayed unchanged at $.30. Closed at $.30. Cash is (was) $.24 per share. Three weeks ago CTI announced the purchase of Ryder Systems LTD. an international provider of electronic and on-line billing solutions and developer of VoIP business applications. Two weeks they filed an 8-K, with details of the financing they got to fund the $11 million purchase–but still no details of what they bought. Now up 11% so far (based on ask price). HOLD until we see what we just bought.
IYXI.ob-(Buy price $1.91, Valuation–over $3.00). Closed up $.02 at $2.28, up 19% to date. No news on the “take-over”, or the pay-off of their bank debt which was supposed to happen by the end of the year. HOLD.