Quarterly Report

It's the end of third quarter, and here's how things have gone so far this year ...


I could feel pretty bad about that, but here's a comparison between my portfolio and the S&P 500's performance this year ....




All things considered, I think I've done quite all right.

Quartely Report

Here's how things have gone so far this year:


All in all, it's been a slow year for penny stocks: I've invested in 15 companies and seem to be waiting longer for them to pay off - and the majority of my holdings have fleas. I've been trading in penny stocks for over a decade now, and this has been the slowest year ever.

But then, that's not entirely a bad thing - my picks aren't taking off quickly, but they're not taking a fast dive, either - and a 6.6% gain may seem small, but considering that the S&P has lost 13.8% during that time period, it's really not that bad.

Quarterly Report

Here's a graph of the portfolio's performance for the first quarter:


Since my approach is to invest in companies that have the potential for high returns in the six- to twelve-month range, it's premature to begin assessing the success of that strategy, but given the turbulence in the market, and the high degree of risk in small-cap stocks, I think it's done fairly well so far.

Of the 13 companies I've invested in, I've only made two serious mistakes (Pilgrim Petroleum and GoIP Global), though a couple of others (H3 Enterprises and Blue Star Health) are shaping up to be serious dogs, and the jury's still out on whether the remainder will live up to their potential.