20 Stock Portfolio-End of October Review
I am tracking my hypothetical 20 Stock Portfolio on a quarterly basis with a monthly review, so here goes. The portfolio is now up to 12 stocks, (ELP: 17.83 +0.05 +0.28%), (PBD: 25.936 +0.386 +1.51%) and (CTBK: 12.47 +0.41 +3.40%) were added during the month. I use the MarketWatch.com beta portfolio to track the stocks bringing them on at the same dollar amount, or starting the quarter at that amount. I start with $1000 of each stock. The portfolio was up right at 7% for the month.
The big losers were Thornburg Mortgage (TMA: 0.42 +0.08 +23.53%) and Wayside Technology (WSTG: 8.09 +0.09 +1.13%) down 19% and 10% respectively. Both had negative earnings releases during the month. I have written about Thornburg at length and think the stock has good possibilities going forward. WSTG seems to be an OK company without the ability to really grow their earnings. I will be surprised if I keep it in the portfolio for the next quarter.
The big winner for the month was Gigamedia [GIGM]] up 50%. Silver Wheaton (SLW: 11.73 +0.05 +0.43%) and (VSE: 5.69 +0.16 +2.89%) also did well both up about 19%. GIGM is a $1 billion market cap that could become $10 billion or more, their seems to be no limit to the companies upside.
The remainder of the portfolio was between -3% and +13% for the month. I have not figured any dividends into the returns yet (not much paid yet) but will for the entire quarter.
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[...] was a pretty crappy month, at the end of October the portfolio was up 7% for the quarter, at close yesterday it was down 1.5% for the quarter, [...]