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Scott Wachsler
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I manage Wax Ink.net, a baseline equity research company comprised of individual investors not licensed or registered with any government agency. I have been all cap value investor and independent equity researcher for the past 30 years, and believe that patience is the key to successful... More
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  • Performance - Week Ending 05/24/13 0 comments
    May 26, 2013 12:03 PM | about stocks: MRK, MXWL, SWM, TLAB, LAYN, MYE

    What a helluva week. Tornadoes in Okalahoma, bridges collapsing in Washington, flooding in Texas, a soldier hacked to death with a meat clever in Britian, and the Drone Ranger rides again.

    My sympathies go out to the folks in Oklahoma that are enduring the aftermath of those deadly tornadoes. My thoughts and prayers are with you, and I am certain your can do spirit will see you through this very dark period.

    According to the NTSB, the bridge collapse in Washington was actually a collapse just waiting to happen.

    For years the governments of this country have known the infrastructure needed work and they have collectively done nothing.

    The President pushed Obamacare through the Congress, all the while foregoing his "shovel ready" plans to put American's back to work with a livable wage.

    The bridge collapse in Washington should serve as reminder that governments across this country need to pay attention, and move forward with bond elections to raise the money required to repair their area's infrastructure.

    But with that said, what do I personally think will happen? Nothing. Collectively the elected folks of America will stick their hands in their pants and turn off their brain cells and nothing will get done.

    Then one day maybe your family member will be driving across a bridge that collapses and you will discover the anguish that comes with loss, especially needless and preventable loss.

    The only advise I can give is tell all who read this column...don't forget to vote!

    But I digress. In the end, I am just a working guy getting by on getting by. Why would anyone listen to me.

    Hi. My name is Wax, and I am an individual investor, a 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.

    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 blue collar investors avoid the investing pitfalls that seem to find me.

    Markets
    The Wax Ink Portfolio closed up 0.2% for the week. By comparison the Dow was down 0.3%, the Nasdaq was up 1.1%, the S&P 500 was down 1.1%, and the Russell 2000 was down 1.2%.

    The Volatility Index, commonly known as the VIX, was again the big winner for the week, closing at 13.99, up 12.3%. The VIX is down 8.2% for the year.

    Year to date, the Wax Ink portfolio is up 10.2% while the Dow is up 16.8%, the Nasdaq is up 15.9%, the S&P 500 is up 15.7% and the Russell 2000 is up 15.9%.

    Breakdown
    The portfolio breakdown remains the same, with 70% of the portfolio in equities, 30% of the portfolio in cash, and 0% of the portfolio in bonds.

    Research
    Again this week, I paid little attention to the research list last week, there just wasn't any time to devote to it.

    However, changes are coming.

    I am considering dumping the research list altogether and replacing it with a tracking list, which would be a list that tracks certain Value Alerts. Anyway, that's what I am considering.

    Holdings
    This week's moving on up stocks were drug maker Cubist Corporation (Nasdaq: CBST), up 12%, ultra-capacitor manufacturer Maxwell Technologies, Inc. (Nasdaq: MXWL), up 9%, and cigarette paper maker Schweiter-Maudit International, Inc. (NYSE: SWM), up 3%.

    This week's turd in the bunch bowl stocks were communications equipment maker Tellabs, Inc. (Nasdaq: TLAB), down 6%, heavy construction company Layne Chritensen Company (Nasdaq: LAYN), down 5%, and container maker Myers Industries, Inc. (NYSE: MYE), down 4%.

    Not Performing
    The top non-performers remain communications equipment company Tellabs, Inc., down 62% since being added to the portfolio, iron ore company Cliffs Natural Resources, Inc., down 39% since being added to the portfolio, and garage door/telephone headset maker Griffon Corporationdown 34% since being added to the portfolio.

    Wax

    Wax Ink is a baseline equity research company comprised of individual investors NOT licensed or registered with ANY government agency. Always obtain the advice of a registered investment professional BEFORE believing any information contained herein.

    Copyright © 2013 Wax Ink

    Disclosure: I am long CBST, MXWL, SWM, TLAB, LAYN, RBN.

    Stocks: MRK, MXWL, SWM, TLAB, LAYN, MYE
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