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Portfolio Update...

Whenever you add a momentum tactic to compensate for a sideways market you get significantly more volatility.  I am pretty confident, however, that the momentum piece of the portfolio will end up being worth the nausea that it creates in the short-term.  My momentum holdings right now are BIG, SKX, VSH, ARBA, and SGY.  The other names in the portfolio are still based on long-term growth at reasonable prices.  I may be adding more momentum if performance slides through the next couple weeks.  My performance now is unrealized -6.8% and realized 12.01%.  This totals a ytd performance of +5.21% while the market (S&P 500) is down approximately -4%.  I have to admit that this market has been extremely difficult to navigate.   

Here are the current holdings...

Position Cost   Current Price   Difference   Performance
X  $    49.00   44.00    $    (5.00)   -10.20%
TXT  $    21.50   17.85    $    (3.65)   -16.98%
SKX  $    28.40   26.38    $    (2.02)   -7.11%
VSH  $       9.20   8.00    $    (1.20)   -13.04%
BMRN  $    20.50   20.80    $       0.30   1.46%
BIG  $    31.00   31.41    $       0.41   1.32%
CSCO  $    24.50   21.00    $    (3.50)   -14.29%
ARBA  $    13.80   15.50    $       1.70   12.32%
RIMM  $    55.00   46.00    $    (9.00)   -16.36%
HBAN  $       6.40   5.41    $    (0.99)   -15.47%
PWAV  $       1.69   1.73    $       0.04   2.37%
CNX  $    36.95   33.00    $    (3.95)   -10.69%
SGY  $    13.50   11.42    $    (2.08)   -15.41%
TEX  $    18.70   18.80    $       0.10   0.53%
PLD  $    11.00   10.81    $    (0.19)   -1.73%

Good Luck!

Terry Monahan
Cincinnati, Ohio