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Performance - Week Ending 01/24/2014



January 25, 2014 – Comments (0) | RELATED TICKERS: CBST.DL , GE , GFF

Performance - Week Ending 01/24/2014
The Wax Ink Portfolio was down 2.7% for the week. By comparison, the Dow was down 3.5%, the Nasdaq was down 1.7%, the S&P 500 was down 2.6%, the Russell 2000 was down 2.1%, and the Volatility Index, commonly known as the VIX, increased by 45.8%.

Year to date, the Wax Ink portfolio is down 3.5%, the Dow is down 4.2%, the Nasdaq is down 1.2%, the S&P 500 is down 3.1%, the Russell 2000 is down 1.7%, and the VIX is higher by 32.2%.

The portfolio breakdown remains roughly 66% equities, 34% cash, and 0% bonds. There was no change in the total shares held.

This week's darlings of the portfolio were small tool maker The L.S. Starrett Company (NYSE: SCX), up 5%, after market auto parts maker Dorman Products (Nasdaq: DORM), up 2%, and pill maker Cubist Pharmaceuticals (Nasdaq: CBST), unchanged.

This week's portfolio stinkers were mega company General Electric (NYSE: GE), down 6%, rubbers king Goodyear Tire and Rubber (NYSE: GT), down 6%, and specialty chemicals company W.R> Grace (NYSE: GRA), down 5%.

This week’s straining to go stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 22% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 14% since being added to the portfolio.


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