Time to tally the books. I started this blog at the end of January 2009. During this time, I offered specific opinions on 28 stocks. On 11 occasions, I expressed the opinion that the stock was undervalued and on 17 occasions, I said that the stock, at the then current price, was overvalued. The results shown below are not time weighted; the returns are actuals for whatever period of time shown.

Undervalued at Time of Blog Entry
Ticker Date of Blog Price$ Opinion 05/29/09 Price$ Profit/Loss %
TKC 05/17/09 $12.25 long $12.67 3.43%
CHKP 05/03/09 $23.63 long $23.30 -1.40%
MCRS 04/26/09 $20.61 long $25.90 25.67%
ENDP 03/22/09 $16.79 long $16.07 -4.29%
WDC 03/15/09 $17.21 long $24.58 42.82%
ADP 03/08/09 $33.28 long $38.00 14.18%
TNH 02/18/09 $125.26 long $123.73 -1.22%
CSCO 02/12/09 $17.04 long $18.51 8.63%
CSGS 02/08/09 $15.47 long $13.66 -11.70%
RHI 02/08/09 $18.22 long $21.11 15.86%
EME 01/28/09 $20.72 long $21.82 5.31%
Average 8.84%

Overvalued at Time of Blog Entry
Ticker Date of Blog Price$ Opinion 05/29/09 Price$ Profit/Loss %
NFLX 04/13/09 $46.95 short $38.54 21.82%
BAX 02/28/09 $58.05 short $49.82 16.52%
AAP 02/08/09 $33.63 short 43.42 -22.55%
AEO 02/08/09 $9.64 short $14.51 -33.56%
BBBY 02/08/09 $24.00 short $27.87 -13.89%
BF.B 02/08/09 $48.18 short $44.79 7.57%
CLC 02/08/09 $32.82 short $28.54 15.00%
CREE 02/08/09 $21.84 short $30.20 -27.68$
EW 02/08/09 $61.10 short $63.50 -3.78%
IDC 02/08/09 $24.42 short $23.43 4.23%
ESI 02/08/09 $128.87 short $90.55 42.32%
MKTAY 02/08/09 $22.81 short $22.29 2.33%
NKE 02/08/09 $48.68 short $55.11 -11.67%
PAYX 02/08/09 $26.93 short $27.17 -0.88%
RTN 02/08/09 $47.80 short $44.69 6.96%
COL 02/08/09 $38.90 short $42.33 -8.10%
STRA 02/08/09 $222.04 short $179.44 23.74%
Average 1.08%

Overall, my longs did reasonably well returning an average of 8.84% during the period. The shorts remained in positive territory by posting a return of 1.08%. The best long (WDC) returned 42.82% whereas the worst of the longs (CSGS) lost 11.70%. The best performing short was my call on ESI which returned 42.32%. The worst performer in this category is AEO which lost 33.56%.
Compared to the overall market, these returns do not look so bad.
Disclosure: At the time of writing this blog entry, I am long CHKP and ENDP. Since January, I have traded MCRS, CSCO and EME.
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