Great October!

Oct. 31, 2013 4:41 PM ETDBI, RH
Alex Filonov profile picture
Alex Filonov's Blog
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Growth, Value, Special Situations, Portfolio Strategy

Contributor Since 2008

I was born in 1956 in Izhevsk, USSR. I graduated high school in 1974 in Tambov, USSR and from the Tambov Institute of Chemical Engineering (now Tambov State Technical University) in 1979, with a BS equivalent. Starting in October 1979 I worked full-time as an IT specialist. I moved to the Moscow region in 1980. Until 1990 I worked for different companies in the Soviet military industrial complex. I created a small software business in 1991, which failed in 1993. I worked for Oracle Corp in 1995 in Moscow. In 1996 I moved to the US, where I continued working as an IT professional, which is still my main source of income. I became a US citizen in 2006 and started investing in 1998. I had an extremely successful 1998 and 1999, very bad 2000 and 2001, then recovered. I mostly invest in what I know, which means mostly high tech companies, but wouldn't discard any opportunity. I'm trying to make my performance better and share my thoughts in my blog Muddling Investor (http://muddlinginvestor.blogspot.com/).

No, it's not about October Revolution (1917) in Russia. It's about stock market in 2013. I spent half of the month on vacation, so I rested while my portfolio worked. I should say, it worked quite good.

What now? Who knows? I still think that we are going to have rally straight into year end. But there are problems (aren't they always?). Stocks are somewhat overvalued. GOP in Congress is determined to kill economy in order to save it. Commodity prices are still high (with exception of corn, which fell off a cliff this year). As always, market climbs a wall of worry, confusion and resistance.

So far, I didn't trade much lately. Missed most of shutdown/debt ceiling debacle, which was very tradeable, and happy about it. Picked up Restoration Hardware (RH) and DSW Warehouse (DSW) on dips.

In the couple months remaining in the year, I'm planning to do the same. Pick up whatever I can on drops. Maybe buy something I'm pretty sure about. Maybe take some profits. This market is scary and exciting, my goal is not to be scared much and keep my excitement in check.

Disclosure: I am long DSW, RH.

Additional disclosure: Positions can change any time.

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