CSI March 2022 Update

All of the market averages are still down. I was up 3.6% in March and am up 1.0% for the year.  The DOW is down 4.6% year-to-date and was up 2.1% in March, NASDAQ is down 9.1% year-to-date and was up 3.0% in March and the Russell 2000 is down 7.8% year-to-date and was up 1.0% in March. I am beating the market averages and am making a small profit (so far) which is better than losing for sure. I didn’t start any new positions in March and exited four-Western Union (WU), Pitney Bowes (PBI) Sonic Foundry (SOFO) and Universal Insurance (UVE), for 3% 83%, 1% and .02% gains respectively. Some of this was “clean-up” of positions I was mostly out of (PBI) and the rest was just reducing my market exposure of some stocks that I was not happy with anymore based on their performance (WU, SOFO and UVE) and was able to not lose any money on..

As I have been writing about for months, inflation, supply chain issues, interest rates, oil prices, Ukraine and on and on, look like they have finally made a dent in stock valuations, but with the rebound in March, not by very much. We have already had a relatively small correction in the market and I am thinking it will correct further. I think anything (Tech and Medical” that has a valuation over 3X revenues that is not supported by good earnings will still have a ways to fall.

The 2 year and 10 year treasury rates inverted in late March for a very short time. With an expected ½ point interest rate increase expected in April, they should definitively invert. This is a signal that a recession is in our future.  

In late 2015 I started offering a paid subscription service which is similar to the Blog, but I tell you exactly what stocks I bought and why—and sold every day, with a weekly summary of activity, open positions, how many shares I own and their valuations. 94% of my closed positions have been profitable

The cost to subscribe is $50 a month for individuals, with a 100 subscriber limit. First-time subscribers can purchase a 3 month subscription for $100. I am not trying to get rich by having thousands of subscribers. I do this for self-discipline in my investing, so I am accountable to someone besides myself, which helps keep me focused. I am NOT a trader. I buy my stocks thinking I will own them for 2 years. Many, I own for far less than two years, but some I have held for five years or more. Including my current open positions, 85.5% of my stocks have been or are profitable.

Through 2022 to date, I have averaged a 48.8% gain on the 64 stocks I have sold (60 winners and 4 losers) in my private portfolio since January 1, 2016. Seventeen of the 64 stocks have had buy-out offers, including two in 2016, six in 2017, two in 2018, none in 2019, two in 2020 and four in 2021 and one so far in 2022.

My total portfolio was up 42.7% in 2021, 30.6% in 2020 and 72.8% in 2019. I took most of these gains and banked them in cash.

I stopped publishing my free weekly CSI Blog after 10 years of publishing at the end of 2015. Since inception of the Blog in 2006, I had 73 winners, 20 losers for a 78.5% win-rate with an average gain of 38.9% on the free blog.

If you are interested in becoming one of my private paid subscribers, please e-mail me at daveosowski@gmail.com to get all the terms and conditions.

Here is the list of private subscription stocks I have bought and closed out my position on, since December 2015.

2022 Pitney Bowes, 83% gain

2022 Universal Insurance, .02% gain

2022 Western Union, 3% gain

2022 Sonic Foundry, 1% gain

2022 BioDelivery Sciences, 54% gain-Buy-Out offer

2022 Lee Enterprises, 41% gain-Buy-Out offer (yes again)

2022 Old-line Tech stock-Sold 1/3 for a 101% gain

2021 Tech Stock, 48% gain-Buy-Out (still holding some for tax reasons)

2021 Lee Enterprises, 115% gain

2021 Leaf Group, 84% gain-Buy-Out

2021 Evolving Systems, 222% gain

2021 DHI Group, 49% gain

2021 Avid Technology, 143% gain

2021 Synacor, 10% loss-Buy-Out

2021 Extreme Networks, 52% gain

2021 Synchronoss, 77% gain

2021 Accuray, 62% gain

2021 Alphatec, 96% gain

2020 ZAGG 43% loss-Buy-Out

2020 Alaska Comm. 46% gain-Buy-Out (again)

2020 MIX Telegraphics, 27% gain

2020 QUAD Graphics, 3% gain

2020 VOXX, 1% gain

2020 Alaska Comm. 46% gain

2020 Cutera, 31% gain

2020 Aviat Networks, sold remaining 1/3 for a 7% gain (overall 15% gain)

2020 DHI .4% gain

2020 QUAD Graphics 54% gain

2020 Medical equipment company-sold 33% for a 61% gain

2019 EXFO, 1% gain

2019 PERI, 77% gain

2019 Quantum Corp, sold for 48% gain

2019 EXTR, 15% gain

2019 DHI Corp, 46% gain

2019 Medical device company, (sold 80%), 69% gain

2019 Lantronix, 41% gain

2019 PDLI, 15% gain

2018 The Rubicon Project 1% gain

2018 Otelco 116% gain.

2018 Global Ship Lease 4% gain, Buy-Out

2018 Telecom Services (57% sold) 3% gain

2018 Lantronix, 52% gain

2018 Ceragon Networks, 82% gain

2018 Aviat Newtowrks. (1/3 sold) 17% gain

2018 Pitney Bowes 31% gain

2018 Calix 1% gain

2018 Xerox 34% gain, Buy-Out

2018 RMG Networks-1% gain

2017 Telecommunications Co., 59% gain (partial sale)

2017 magicJack 17% gain, Buy-Out

2017 eGain 56% gain

2017 YUME 90% gain, Buy-Out

2017 MaxPoint Interactive 60% gain

2017 Shortel 24% gain, Buy-Out

2017 Tremor Video 25% gain

2017 MRV Communications 6% loss, Buy-Out

2017 Ceragon Networks 55% gain

2017 Angie’s List 60% gain, Buy-Out

2017 Lantronix 135% gain

2017 Syneron Medical 46% gain, Buy-Out

2017 RocketFuel 140% gain

2017 Conduent .1% gain

2017 Harmonic 74% gain

2016 Ceragon Networks 48% gain

2016 Alphatec 71% gain

2016 Universal Insurance 36% gain

2016 Mitel Networks 15% gain

2016 Avid Technology 50% gain

2016 Silicon Graphics 70% gain, Buy-Out

2016 Imatron 30% gain

2016 Harmonic 80% gain

2016 United Online 5% loss, Buy-Out


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