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Performance - Week Ending 10/11/2013

Recs

2

October 12, 2013 – Comments (0) | RELATED TICKERS: WOR , AIR , AGU

I usually write a short commentary every week in this particular space. But I have decided instead to provide for you dear readers, what the band of 537 are providing us all with.

NOTHING

Hi. My name is Wax, and I am an individual, working class investor, just trying to do the best I can in a world that was never intended for investors like me.

Throughout the course of the week, I post a Daily Alert, which is my review of an individual equity. It is intended to help the reader decide if that particular equity is worth their time to research.

The other thing I do, is let the world watch as I manage the The Wax Ink Portfolio.

Perhaps watching me make the mistakes I make will help other working class investors avoid the investing pitfalls that seem to find me.

Enjoy your weekend

Wax

Markets
The Wax Ink Portfolio was up 3.4% for the week. By comparison, the Dow was up 1.1%, the Nasdaq was down 0.4%, the S&P 500 was up 0.8%, the Russell 2000 was up 0.5%, and the Volatility Index, commonly known as the VIX, was down 6.1%.

Year to date, the Wax Ink portfolio is up 27.4%, the Dow is up 16.3%, the Nasdaq is up 25.6%, the S&P 500 is up 19.4%, the Russell 2000 is up 27.7%, and the VIX is up 3.1%.

Please note there were changes to the portfolio implemented this week to account for the changes to the SAIC holdings.

Breakdown
The Wax Ink Portfolio breakdown remains unchanged with roughly 70% of the portfolio in equities, 30% of the portfolio in cash, and 0% of the portfolio in bonds.

Research
HomeAway (Nasdaq: AWAY) – Negative Investment Interest

Hutchinson Technology (NYSE: TSO) – No Investment Interest

International Game Technology (NYSE: IGT) – No Investment Interest

IPC The Hospitalist Company (Nasdaq: IPCM) – Negative Investment Interest

Holdings
This week's moving on up stocks were cylinder maker Worthington Industries (NYSE: WOR), up 6%, medicine maker Cubist Pharmaceuticals (Nasdaq: CBST), up 4%, and airplane repair company AAR Corporation (NYSE: AIR) was up 2%.

This week's floaters in the bunch bowl were trucker Arkansas Best (Nasdaq: ABFS), down 12%, container maker Meyers Industries (NYSE: MYE), down 7%, and agricultural chemicals company Agrium (NYSE: AGU), down 5%.

Please note there were changes to the portfolio implemented this week to account for the changes to the SAIC holdings.

Not Performing
The top portfolio choke and puke stocks remain communications equipment company Tellabs, down 57% since being added to the portfolio, garage door and telephone headset maker Griffon Corporation, down 29% since being added to the portfolio, and iron ore company Cliffs Natural Resources, down 36% since being added to the portfolio.

Please note there were changes to the portfolio implemented this week to account for the changes to the SAIC holdings.

Copyright © 2013 Wax Ink

Wax Ink is a baseline equity research company not licensed or registered with any government agency

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