This material is provided for informational purposes only, as of the date hereof, and is subject to change without notice.
This material may not be suitable for all investors and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.

© 2016 by Clay Baker all rights reserved

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Day 3: A Little Bounce

December 29, 2016

Another day down, 362 more to go.  Today the portfolio was UP 0.28% for a GAIN of $1,372.61 which reduced our overall losses to date to -$1,422.83 (-0.38%).  


The markets today were quiet again, DOW share volume was only slightly above average.  Reading the closing market reports I see that "Banks" were to blame for the fractionally lower close on the Dow.  After a while of these posts you'll see that there is a pattern, each day the analysts and pundits find something to blame for the down days and something to rally behind on the up days.  Today we're blaming banks, just not the banks in this portfolio.  So far we have 9 companies that are up over 1% to as much as 5.43% and 4 of them are regional banks.

Kingstone Companies Inc  KINS  +5.43%

LeMaitre Vascular Inc  LMAT  +4.84%

Mid Penn Bancorp, Inc.  MPB  +4.20%

Greene County Bancorp  GCBC  +3.83%

Bank of Marin Bancorp  BMRC  +2.61%

Pacific Premier Bancorp  PPBI  +2.31%

Norsat Intl. Inc  NSAT  +1.79%

Logitech Intl. SA  LOGI  +1.41%

Fox Factory Holding Corp  FOXF  +1.14%


After a massive run up with the anticipation of higher interest rates banks like Bank of America, Citigroup, Goldman Sachs, JP Morgan and Morgan Stanley were all down today; with the exception of JP Morgan they were all down more than 1%.  Banks are still a wonderful investment for the next decade, we’re just seeing investors taking a much deserved breather and letting these companies catch up with their valuations.


Stay Invested,

Clay Baker


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