HTO report: Sinko de Mayo
Earnings season was not kind to the HTO portfolio: It seemed like almost every day some stock or other would, after a disappointing quarterly report, crash and take me down. The last half of April and first half of May have been a rough patch, to be sure.
For May (13 trading days), the HTO portfolio is up 1.03%, which would be a nice average result for any random half-month period, except that my benchmark was up 4.02% for the same period. Ouch.
I sold SWY, ROCK, PIKE, CLRO and SRT.
I bought AMRI, PRXL, and EXH.
Although they don't meet my normal criteria I also bought PFIN and SKYW off of the Piotroski screen.
What to do now?
I wouldn't be sharing my buys and sells in almost-real-time if I didn't believe that my system is sound (this is the first period it has lagged since I began testing last year) so I just stay the course. One of the best screens over the long run at AAII is "MAGNET Simple" and they are down 14% for ytd. You can stick with a good system through thick and thin or you can try changing systems every time you hit a bad patch. Over the past week I tied the benchmark so maybe things are already starting to swing back.