iamvoltron (21.24)

From 75 to 100 stocks total / Core portfolio review

June 18, 2008 – Comments (0) | RELATED TICKERS: CHCG.OB , AIRN , ETFC

Due to interesting opportunities - mostly in energy-related stocks such as drillers and oil/alt energy companies - I changed my previous watchlist maximum of 75 stocks to 100 stocks, 86 of which are active at the moment.

The Core portfolio of 20 stocks remains unchanged (see the 20 top picks for details), 17 had positive returns, 3 had negative returns:

Among these 3 non-performers China 3C (CHCG.OB) is really going nowhere and the biggest disappointment so far. I doubt the stock will recover before the end of 2008 at this rate.  The problems are:

- Unclear investor communications 

- Apparent lack of management follow-up/execution on PR news (NASDAQ listing etc.)

- No growth in 2008 so far

I still have high hopes for both Airspan (AIRN) and E*Trade (ETFC) in the coming months.