sold DAC (Danaos Corp.) @$6.30 for a gain of 6.8% in three months.
This was by my record the completion of 49 trades since I started this thread. I currently have 8 open. When I close the next position I will try to give an update on performance. I will also try to update after the completion of 75 and 100 trades.
It looks like it may be dividing incomes in your county, state into quartiles to see if your between Q1 and Q3.
Edit: Here's the methodology they give
For this calculator, we define middle class as two-thirds to two times median income for the county. In counties where two-thirds of median income would fall close to the poverty line, we set the lower end of middle class at $28,500, which is 1.5 times the national poverty level for a three-person household.
The longest holding period has been PMC 216 calendar days from 10/30/2013 to 6/3/2014 The shortest holding period has been KEY 10 calendar days from 7/14/2014 to 7/24/2014 The largest gain has been PMC 84.1% The worst loss has been WRLD -21.7% The average holding period has been 76 calendar days The average gain has been 3.4% That calculates to an average annual gain of 16.0%
It’s hard to find comparative data for a point of reference because I didn’t make my first trade using this screening method until Apr. 3, 2013. It was many days into the thread before I was anywhere near fully invested which I consider to be 10 positions, but here are some popular ETF returns which I have annualize to allow for easier comparisons:
I prefer comparing myself to the IWM because it represents the Russell 2000. Most of the stocks I pick with this method are in the market cap range of the Russell 2000. The reason for the extreme outperformance of QQQ is likely mostly influenced by the outperformance of AAPL during that period. AAPL gained from a split adjusted 61.97 to its current price of 127.80 for a gain of 106.2%. Currently I am holding eight of a maximum ten positions. ISLE is one of the holdings and it is likely to replace PMC has the largest gainer because it is up over 135% at this time. That could also increase my annualized return by quite a bit. The other seven stocks have gains between 0% and 10% at this time. I will try to do another update after 75 trades have been completed.
Bought ESI (ITT Educational Services) @$4.17. They are down about 25% after a big move up before earnings this morning. They earned $.03 compared to $.12 expectations. I got a little bit lucky that it opened near the low but if I had time I would have canceled my limit order.
On July 31, 2015, Barrett Business Services, Inc. announced that its board of directors had declared a regular quarterly cash dividend of $0.22 per share. Payable on September 4, 2015, to all stockholders of record as of August 21, 2015. Just nineteen days to go to catch the dividend.
Sold ESI (ITT Educational Services) @$3 for a loss of 28.1% in two weeks. I really didn't manage this position very well but on the bright side my limit order to buy filled at such a low price that my position size for this was only about 80-85% of my normal position size. The proper way to have handled this trade would have been to sell it immediately as soon as earnings failed to meet expectations.
sold IDCC (Interdigital Inc.) @49.50 for a loss of about 10.4% in a little less than 4 months.
I have several sell limit orders in place which haven't filled. Those orders include BBSI, C, HMN, ISLE. Right now I have no sell order for AEL, NCI, or PRE. I have seven positions out of a maximum 10.
sold ISLE (Isle of Capri Casinos) @$18 for a gain of 129.3% in about 8 months. They are reporting earnings on Wed. and the stock had hit several of my sell signals so I didn't want to hold it into earnings.
I am adding AEL to the sell block in addition to those listed in the previous post. I'm not planning on doing much buying unless the IWM (Russell 2000 small and mid cap etf) moves above the 200 day sma.
Sold HMN (Horace Mann Educators Corp) @$33 for a loss of 2.9% in four months.
I still have three open sell orders on AEL, BBSI, and C. In addition to these I still own NCI and PRE so I am roughly 50% invested in the equity portion of my portfolio and about 43% cash as a percent of the entire portfolio.
Since I haven't posted anything lately I thought I would give a quick update. I haven't been doing much marketwise except waiting. I still own three positions NCI which has been doing pretty good of late. PRE for which I'm waiting for the buyout deal to be completed. C which lost some today putting it a couple of % underwater. I'm still waiting for IWM to move back above the 200 day SMA which is now declining.