Well here I am again four years later! It's been a pretty good few years for small-cap value earnings breakouts too, I'll start with an update on my holdings as in my last post.
So basically DDRX and KIRK turned out to be rocketships (i.e. >100% annualised return), which is ultimately what I'm looking for. As below, I bought DDRX @ $3.93 and it was acquired @ $35 (+791%), and I held KIRK from $3.93 to $17 (+333%). AIPC did pretty well too and I held from $20.75 to $53 (+155%). Afaic the others were pretty mediocre and although I got a decent enough return (i.e. 10% < r < 100%) on almost all, they were nothing to get too excited about. On that note, if anyone knows how to distinguish rocketships from more mediocre performers, I'd love to hear! That's something I still haven't figured out ...
Even so, I've been lucky enough to have bought a few more in the meantime (e.g. LGL, PATK, IMH, CPSS) and I'm still following the same process but with a significantly bigger account. I'm hopeful there's a few among my current holdings too.
I'll probably update this for a while with more details on how I implement my strategy in the hope of getting some feedback on how I could improve it, and if there's no interest I'll likely forget about it again at some point for another four years!
Open positions:
04/10/2013,XRM,7.4598,25.94%
04/19/2013,OSTK,18.589,37.18%
04/23/2013,POWR,13.882,1.62%
04/24/2013,ECTY,1.6599,-3.20%
04/25/2013,LLEN,2.8799,45.84%
05/06/2013,REGI,12.0099,3.91%
05/09/2013,CSPI,8.299,1.70%
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