To paraphrase America, I tried a Q4 update, but I got so damn depressed, that I set my sights on May and got myself undressed.

Boy were things ugly three months ago.  As is the norm, Knology was the last of the stocks in my portfolio to report
earnings. Here is my quarterly (well bi-quarterly) stock update.

AAPL.  What a yo-yo.  $160 to $200 to $120 and back to $190.  I have faith that the penetration that I am seeing in the world of geeks is going to spread.  Holding.

ELNK.  Got a nice bounce to a 52 week high after the earnings call.  I sold my position.

KNOL.  Knology spent most the the last six months in a slide then got a pop on Q1 earnings.  That is all I needed to sell.  And I did. With a $3.00 basis costs $14.63 is a nice return through 41 months.  I will take a 130% annual return any day.

NFLX.
Same story as six months ago. Blockbuster pulling back on marketing and Movie Gallery filing chapter 11 results in strong subscriber growth at NetFlix.  So much for those competitive pressures that were dampening performance.  Flew up to $40 before retreating to $30.  Up 38% in 12 months. Sold half my holdings to lock up some profits.

SCUR. These guys are making me sick.  Stock has gone from $10 to $5 in the last six months.  Every time they have an earnings call the stock drops.  I have lost faith in management.  I am not alone.  At the moment there is no resistance.  I need to unload it but will wait for a little recovery before I do so.

VMW purchased the stock at $100 on what I called “recent weakness due to misplaced concerns with Dell’s purchase of EqualLogic”. Shortly there after they issued guidance below expectations and the stock dropped 31% in a day.  It has recovered slightly and seem volatile enough to make further gains.

I took some of the proceeds from the above mentioned sales and went a bit earlier in the food chain with some private equity investments.

As mentioned previously, I made an investment in RTEV, an electric car company run by Mike McQuary.

I also wrote a check to Profounder, an investment company focused on turning ideas and technologies into compelling opportunities for professional investors.  The company has not launched.