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2014 June Update


The portfolios and capital gains summaries are current to the end of the month. There was hedging activity as well as investment activity this month.


I have been unable to become fully invested all year. Consequently, I am increasing the tranche size for all portfolios from $20,000 to $30,000.

Comprehensive Strategy, stocks

Selection list

The list was generated before the June 27 market opening. Price histories, adjusted for splits and dividends, were downloaded from Yahoo:

Stock                          Trend      Hardnose Group and End Market    
-----------------------------  -----  -------------------------------------
RAD   Rite Aid                 217 X  Retail, Variety                   USA
TLF   Tandy Leather Factory    205    Apparel                           USA
UIHC  United Insurance         201    Insurance                         USA
MPAA  Motorcar Parts           197 X  Auto Parts                 USA/Canada
MU    Micron Technology        184    Semiconductors                   intl
CAR   Avis Budget Group        175    Rental Services                  intl
GMK   Gruma SAB                171    Packaged Goods               USA/intl
STZ   Constellation Brands     167    Beverages, Alcoholic         USA/intl
GILD  Gilead Sciences          166    Biotechnology                    intl
ANIK  Anika Therapeutics       165    Biotechnology               USA/ intl
GY    GenCorp Inc              163    Aerospace & Defense               USA
DAL   Delta Air Lines          161    Airlines                         intl
CSCD  Cascade Microtech        159    Semiconductors                   intl
HCLP  Hi-Crush Partners        155    Basic Materials                   USA
HII   Huntington Ingalls       154    Aerospace & Defense               USA
TSM   Taiwan Semiconductor     152    Semiconductors                   intl
FSS   Federal Signal           151    Waste Management             USA/intl
AAL   American Airlines        150    Airlines                         intl
VTNR  Vertex Energy            149 X  Waste Management                  USA
VRX   Valeant Pharma-          148 X  Drugs                            intl

Portfolio

I sold DXPE and PGTI because they developed downtrends.

I chose HCLP for the monthly purchase. All stocks higher in the list were bypassed because I already own them or they are in the same groups and end markets as stocks I already own:

Stock      Hardnose Group        Qty        Start                End       
-----   --------------------   -----  -----------------   -----------------
DXPE    Industrial Equipment     250  09/27/12   11,901   06/02/14   17,447
PGTI    Building Materials      2000  06/27/13   17,304   06/02/14   17,192

Stock      Hardnose Group        Qty        Start            End of Month  
-----   --------------------   -----  -----------------   -----------------
AWH     Insurance                600  03/27/14   20,356   06/30/14   22,812
CPA     Airlines                 150  08/27/13   19,904   06/30/14   21,386
EADSY   Aerospace & Defense     1000  12/13/13   18,548   06/30/14   16,730
GILD    Biotechnology            300  04/25/14   22,206   06/30/14   24,873
GMK     Packaged Goods           500  05/27/14   20,416   06/30/14   23,925
HCLP    Basic Materials          500  06/27/14   31,412   06/30/14   31,595
MPAA    Auto Parts               700  02/27/14   17,135   06/30/14   17,045
MU      Semiconductors          1000  09/27/13   17,935   06/30/14   32,950
MWE     Oil & Gas                300  12/15/11   16,044   06/30/14   21,474

Capital gains

 Sep    Oct    Nov    Dec    Jan    Feb    Mar    Apr    May    Jun   Stock
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
                                                  1182    962    312    AWH
 7910   -786   4174 -16015                                             AFSI
 1064   5586    438   2877  -5015  -3607                               BBSI
                                   -3161                               BCOR
 3600  12585  10485    690  -1965   7569                               BITA
                                    7013  -3120  -1889                 BITA
 3660   1121                                                           CAMP
        8865   2130   4545   2265   3840  -6255  -4661                 CAMP
  860  -1543    777   -682  -1554   -106  -2040                         CHL
  896   1631    282   1303  -4411    714   1459  -1486   1148    -54    CPA
 5495   6465   3040   8610   -893                                      DXPE
                            -4790   1430  -1708   4570 -10910     55   DXPE
                             -868    590   -320   -900    860  -1180  EADSY
                                                         2167    510   GILD
                                                          559   2950    GMK
                                                                 183   HCLP
       -3983                                                           IGLD
 2140   -615  13090    629                                             JAZZ
                      2410   6275     71  -3316  -3122                 JAZZ
 3670  -5055   1615   1670  -6565   -596                                LAD
-7035  -3060   -264                                                    MGAM
              -2850                                                    MGAM
                                           1464    609  -2534    371   MPAA
        -255   3420    650   1290   1150   -530   2460   2470   4360     MU
 1632    615  -1563   -882   1218  -1902    441   -594   -417   2889    MWE
 2665    230    215   -605  -5655   -547                                OCN
 -560   1100   -900    240   1120   1820   -160  -3120  -2680    -28   PGTI
                      1381  -3143  -2580                               SLCA
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
25997  22901  34090   6821 -22691  11697 -14085  -6951  -8385  10368  Total

Comprehensive Strategy, call options

Selection list

The list was generated before the June 27 market opening. Price histories, adjusted for splits and dividends, were downloaded from Yahoo:

Stock                          Merit      Hardnose Group and End Market    
-----------------------------  -----  -------------------------------------
PII   Polaris Industries       451    Recreation                   USA/intl
UNP   Union Pacific            410    Railroads                         USA
HD    Home Depot, The          377    Home Furnishings                  USA
ROST  Ross Stores              371 X  Apparel                           USA
CMCSK Comcast Corp             369    Utilities, Telecom               intl
CMCSA Comcast Corp             363    Utilities, Telecom               intl
LYB   LyondellBasell Ind       358    Chemicals                        intl
AZO   AutoZone Inc             337    Auto Parts                        USA
CI    Cigna Corp               308    Healthcare Plans             USA/intl
MCK   McKesson Corp            305    Drugs                             USA
ACT   Activis plc              281    Drugs                            intl
STZ   Constellation Brands     256    Beverages, Alcoholic         USA/intl
BIIB  Biogen Idec              241    Biotechnology                USA/intl
GNRC  Generac Holdings         220 X  Machinery                    USA/intl
CAR   Avis Budget Group        194    Rental Services                  intl
MU    Micron Technology        192    Semiconductors                   intl
REGN  Regeneron Pharma-        190 X  Biotechnology                USA/intl
RAD   Rite Aid                 180 X  Retail, Variety                   USA
PPC   Pilgrim's Pride          173    Meat Products              USA/Mexico
FANG  Diamondback Energy       162    Oil & Gas                         USA

Portfolio

I sold PETM15C70 because PETM developed a downtrend.

UNP split 2:1.

All were disqualified because I already own them or they are in the same groups and end markets as stocks I already own. Consequently, I added to my position in PII:

Option      Hardnose Group       Qty        Start                End       
----------  --------------------  --  -----------------   -----------------
PETM15C70   Retail, Specialty      3  11/27/12    3,550   06/02/14      142

Option      Hardnose Group       Qty        Start            End of Month  
----------  --------------------  --  -----------------   -----------------
ACT15C95    Drugs                  2  03/27/13    1,910   06/30/14   25,620
CAR15C35    Rental Services        7  05/24/13    3,793   06/30/14   17,080
CI15C60     Healthcare Plans       3  01/25/13    2,317   06/30/14    9,630
CMCSK15C37  Utilities, Telecom     5  12/14/12    2,047   06/30/14    7,950
DFS16C60    Credit Services        3  03/27/14    1,918   06/30/14    2,289
FDO16C65    Retail, Variety        3  12/13/13    2,269   06/30/14    2,400
GNRC16C50   Machinery              5  11/20/13    5,107   06/30/14    4,025
HD15C77.5   Home Furnishings       3  09/27/13    2,089   06/30/14    1,755
LYB15C70    Chemicals              3  07/26/13    2,200   06/30/14    8,400
PII15C87.5  Recreation             2  02/27/13    2,750   06/30/14    8,440
PII16C130   Recreation             2  06/27/14    3,426   06/30/14    3,416
PKG16C72.5  Packaging              3  02/27/14    2,452   06/30/14    1,770
PPC16C22.5  Meat Products         10  04/25/14    4,756   06/30/14    7,700
ROST15C65   Apparel                3  06/27/13    2,488   06/30/14    1,323
STZ15C65    Beverages, Alcoholic   3  10/25/13    2,284   06/30/14    7,170
UNP16C175   Railroads              2  01/27/14    1,639   06/30/14    3,270

Capital gains

 Sep    Oct    Nov    Dec    Jan    Feb    Mar    Apr    May    Jun  Option
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
    0   2960      0   3372      0      0      0   8128   1900   2040    ACT
  168    872   2384   1500    -89                                       AZO
 -420    840   2100      0   1400   1589   2821   2660   2450   1540    CAR
  504      0   -207      0   1725  -2712    888   -720   2835    735     CI
    0      0      0      0      0      0      0   3850    450    750  CMCSK
 2525   -255    610     45    608                                       DFS
                                                  -238    261    348    DFS
  -48    474     60    -45   -340                                       DRI
                              -10      0      0  -1149     90   1200    FDO
 -482   1200  -1615    -50  -2302                                       GME
                      1493  -1435      0   3135  -1300  -3050     75   GNRC
         101    399    171  -1155    630   -540    -45    -30    135     HD
  180    570   -270    534      0   1623   1143    540   1920   -360    LYB
  810   -360    -57   -291  -1482     36    435   -351   -915    -23   PETM
    0      0      0      0      0      0      0   5660   -540   -260    PII
                                                                 -10    PII
                                            368  -1110    -90    150    PKG
                                                         1544   1400    PPC
  537      0   1131  -1188      0      0      0  -1404   -180   -477   ROST
                806     90   1278    942    300   -750   1020   1200    STZ
    0      0   1928     50    620                                       UNP
                                     311    689   -149    480    300    UNP
 ----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
 3774   6402   7269   5681  -1182   2419   9239  13622   8145   8743  Total

Comprehensive Strategy, hedges

Selection list

The list was generated before the June 2 market opening. Price histories, adjusted for splits and dividends, were downloaded from Yahoo:

Stock                          Trend    Hardnose Group and End Market   Exp
-----------------------------  -----  --------------------------------  ---
WTW   Weight Watchers          -110   Personal Services     NAmer/intl  Jan
RNF   Rentech Nitrogen          -97   Agriculture             USA/intl  Jan
BWP   Boardwalk Pipeline        -94   Oil & Gas                    USA  Dec
VEEV  Veeva Systems             -91   Information Services        intl  Dec
CLUB  Town Sports               -80   Recreation                   USA  Dec
LITB  LightIn TheBox            -79   Retail, Specialty          China  Dec
CZZ   Cosan Ltd                 -69   Oil & Gas            Brazil/intl  Dec
EVEP  EV Energy                 -66   Oil & Gas                    USA  Dec
AGI   Alamos Gold               -63   Precious Metals             intl  Dec
HSTM  Healthstream Inc          -63   Information Services         USA  Dec
ARCO  Arcos Dorados             -60   Restaurants               Brazil  Nov
RKUS  Ruckus Wireless           -60   Computers                   intl  Nov
UTEK  Ultratech Inc             -57   Semiconductors              intl  Nov
PCYC  Pharmacyclics Inc         -57   Biotechnology           USA/intl  Nov
QLIK  Qlik Technologies         -56   Software           Americas/intl  Nov
LNKD  LinkedIn Corp             -55   Information Services        intl  Nov
DANG  Dangdang Inc              -55   Retail, Specialty          China  Dec
KEYW  KEYW Holding              -55   Software                     USA  Nov
ENT   Global Eagle              -54   Entertainment               intl  Nov
LAYN  Layne Christensen         -54   Heavy Construction    NAmer/intl  Dec

Portfolio

The number of hedges required was one for last month's purchase of GMK minus two for the sales of DXPE and PGTI minus 1/2 for the sale of PETM15C70. I sold BWP01P12.5 and PPO01P35:

Option      Hardnose Group       Qty        Start            End of Month  
----------  --------------------  --  -----------------   -----------------
BWP01P12.5  Oil & Gas             30  04/10/14    3,242   06/02/14      928
PPO01P35    Machinery             10  04/10/14    4,846   06/02/14    1,804

Option      Hardnose Group       Qty        Start            End of Month  
----------  --------------------  --  -----------------   -----------------
AEO11P10    Apparel               30  04/10/14    3,632   06/30/14    2,940
ARCO11P10   Restaurants           40  04/10/14    5,239   06/30/14    3,000
BDE11P10    Recreation             7  04/10/14      993   06/30/14      420
DDD11P50    Computers              6  04/10/14    4,651   06/30/14    2,310
DHX11P5     Business Services     60  04/10/14    3,055   06/30/14    1,200
EC11P35     Oil & Gas             10  04/10/14    2,616   06/30/14    1,400
KOF11P105   Beverages, Soft        4  04/10/14    3,655   06/30/14    1,600
LITB12P5    Retail, Specialty     60  05/02/14    7,855   06/30/14    3,600
MDCO01P25   Drugs                 14  04/10/14    6,221   06/30/14    2,520
NUAN01P15   Software              20  04/10/14    2,744   06/30/14    1,000
NXST11P40   Entertainment         10  04/10/14    6,056   06/30/14    1,500
RAX01P32.5  Information Services  14  04/10/14    7,201   06/30/14    4,620
RNF01P15    Agriculture           20  05/02/14    3,724   06/30/14    1,900
SINA01P55   Internet Services      6  04/10/14    5,353   06/30/14    5,820
UTEK11P25   Semiconductors        14  04/10/14    4,569   06/30/14    6,160
VIV11P20    Utilities, Telecom    20  04/10/14    2,840   06/30/14    2,600
WTW01P20    Personal Services     20  04/10/14    9,024   06/30/14    5,800
XXIA11P12.5 Internet Services     30  04/10/14    5,012   06/30/14    5,700

Capital gains

 Sep    Oct    Nov    Dec    Jan    Feb    Mar    Apr    May    Jun  Option
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
                                                  -182    450   -960    AEO
                                                  1361      0  -3600   ARCO
                                                  -538     35    -70    BDE
                                                 -1442   -600   -272    BWP
                                                  1091  -1272  -2160    DDD
                                                 -1555      0   -300    DHX
                                                  -616   -300   -300     EC
                                                  -335  -2040    320    KOF
                                                        -1855  -2400   LITB
                                                  -761  -2590   -350   MDCO
                                                   -44   -420  -1280   NUAN
                                                  -156  -1900  -2500   NXST
                                                   354  -3100   -296    PPO
                                                  2179  -5880   1120    RAX
                                                         -624  -1200    RNF
                                                  2147    390  -2070   SINA
                                                 -1349    490   2450   UTEK
                                                   -40    300   -500    VIV
                                                 -1224  -1600   -400    WTW
                                                  -212    600    300   XXIA
 ----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
                                                 -1322 -19916 -14468  Total

Real Estate Fund Strategy

Portfolio

Option          Description      Qty        Start                End       
----------  --------------------  --  -----------------   -----------------
IYR15C64    US Real Estate ETF     3  11/27/12    1,825                    
IYR15C64    US Real Estate ETF     3  12/14/12    1,490                    
IYR15C69    US Real Estate ETF     3  01/25/13    1,225                    
IYR15C68    US Real Estate ETF     3  02/27/13    1,369                    
IYR15C70    US Real Estate ETF     3  03/27/13    1,180                    
IYR15C73    US Real Estate ETF     3  04/26/13    1,195                    
IYR15C73    US Real Estate ETF     3  05/24/13    1,264                    
IYR15C67    US Real Estate ETF     3  06/27/13    1,465                    
IYR15C68    US Real Estate ETF     3  07/26/13    1,450                    
IYR15C63    US Real Estate ETF     3  08/27/13    1,462                    
IYR15C65    US Real Estate ETF     3  09/27/13    1,336                    
IYR15C68    US Real Estate ETF     3  10/25/13    1,330                    
IYR16C65    US Real Estate ETF     3  11/20/13    1,495                    
IYR16C63    US Real Estate ETF     3  12/13/13    1,450                    
IYR16C65    US Real Estate ETF     3  01/27/14    1,294                    
IYR16C69    US Real Estate ETF     3  02/27/14    1,270                    
IYR16C67    US Real Estate ETF     3  03/27/14    1,288                    
IYR16C70    US Real Estate ETF     3  04/25/14    1,180                    
IYR16C72    US Real Estate ETF     3  05/27/14    1,060                    
IYR16C72    US Real Estate ETF     5  06/27/14    1,882                    

Capital gains

 Sep    Oct    Nov    Dec    Jan    Feb    Mar    Apr    May    Jun  Option
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
 1316   3029  -7771  -1900    780   4487   -778   3215   3885   1785    IYR

Easy Strategy

Portfolio

This portfolio is empty.

Capital gains

 Sep    Oct    Nov    Dec    Jan    Feb    Mar    Apr    May    Jun  Option
-----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
 1677   4336   3446   2944  -5285   5971    674    -89      0      0    SPY