Stock Review - June 2006

Here is the performance review of all the stocks that were recommended in this blog in March 2006.

	Pick date	Price at pick	Price (Jul3)	% change
MVK	4-Mar	49.51	63.46	28.18%
ISSC	5-Mar	14.09	14.39	2.13%
NTE	11-Mar	21.35	22.56	7.17%
SIMG	24-Mar	10.42	10.85	4.13%
PSUN	25-Mar	22.15	17.82	-19.55%
				4.41%

For the same time period, performance of major indexs are:

		1-Mar	Current	% change
DJI	.DJI	11021	11,345.00	2.94%
Nasdaq100	QQQQ	41.1	39.00	-5.11%
S&P500	SPY	128.23	127.80	-0.34%
Russell2000	IWM	73.9	72.63	-1.72%

We beat all the major indexes, by an average of 5% in 3 months, a pretty good job.

MVK's price finally reflects its real value, as it agreed to a $3.18 Billion buyout by Tanaris, values its stock at $65 per share. If you read my blog on Mar3, I value MVK at $66, though a rough estimation, it is very close to the buyout deal price. MVK will be dropped out of the portfolio, as we don't expect too much price volatility now.

PSUN is disappointing. Though it continues to be undervalued, its sluggish quarter performance is a reflection of its weaker brand, less sucessful store retail business, and concern for the future growth. I will keep an cautious key on it.

I will remove ISSC and SIMG from my portfolio too. Why? For now, I hold a conservative view on the stock market as a whole, and choose to play some defensive hands. I am looking for some replacement candidates from the following sectors: Energy, Metal, and Some emerging markets.

I will discuss them next time, and let me know if you have good recommendations..

Time to get back to World cup 2006, and let's enjoy the last 4 matches.