GSL

Hopefully you all were able to get out of this today. We did at about $3.01. It was a wild day for sure.

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October 2016 Update

We have sold 8 of our private positions in 2016 (either fully or partially).

Imation—31% gain

Mitel-15% gain

United Online-6% loss (take-under)

SGI—70% gain on takeover.

AVID-55% gain (this was a trading position-in addition to our long-term holding)

HLIT-85% gain. We sold 75% of our position here.

UVE-36% gain. Hurricane Matt, was our decision maker to get out.

ATEC—71% gain. (This was a trading position-in addition to our long-term holding)

If you are interested in becoming one of our private paid subscribers, please e-mail me at daveosowski@gmail.com. It is NOT CHEAP though.

We averaged a 41% gain on our 8 sold positions in our private portfolio and are up 2% on our other 13 positions.

For our legacy stocks, October stunk up the place as we were down 13% as ATEC gave back 34%, GSL 20% and BLIN 21% for no reason. The legacy portfolio is still up 23% in 2016.

We are updating our open legacy portfolio once a month until all positions are sold. Of our closed out positions since inception, we have had 70 winners, 16 losers for an 81% win-rate with an average gain of 39%.

October 2016 Performance:

Index October YTD
Dow -1.0% 4.1%
Nasdaq -2.5% 3.6%
CSI -13.6% 23.2%

 

Per Share Current Lifetime 2016 Current Price to Prior
Stock Cost Price Gain/Loss Gain/Loss Valuation Valuation Valuation
ARIS SOLD 7/14/2016 210% 11.1% NA NA NA
CCUR **          4.58        7.82 71% 22.4% $     16.16 48% $     11.72
BLIN          3.95        0.62 -84% -45.1% $     2.11 29% $     2.06
DXMM SOLD 5/2/2016 -98% 0.0% NA NA NA
SYNC         2.56        2.78 8% 58.6% $     6.17 45% $     6.23
EXTR SOLD 7/21/2016 13% -4.9% NA NA NA
PRSS          4.01        3.04 -24% -20.8% $     7.73 39% $     7.75
ATEC          7.06        6.23 -12% 73.1% $     19.93 31% $     19.68
AVID          8.35        6.57 -21% -9.9% $     25.56 26% $     28.44
CRNT SOLD 8-5-2016 64% 86.0% NA NA NA
CKP SOLD-BUYOUT 3/2016 48% 60.0% NA NA NA
MTSL SOLD 3/29/2016 -9% 34.1% NA NA NA
GSL          3.09        1.31 -58% -49.6% $     3.00 44% $     3.00
** Current price includes cumulative dividends