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Continued Carnage in StockTwits Top 10 Portfolio

Over the past week the StockTwits Top 10 portfolio continued to fall. It is now down 6.74% from the first Friday of the month.  Seven of the stocks in the portfolio are down more than 5% and three are down more than 10%.  The largest gainer is only up 3%.

If you don’t know by now, the portfolio performance should alert you that the most loved (and momentum) stocks are being sold in favor of value stocks. Although a rotation to value can suggest that investors are moving to safety, it isn’t predictive of a future market decline.  There are often times in the market when momentum and growth stocks get over valued which results in money managers taking profit and moving the money to under valued stocks.  They do this not from a belief that the market is going to fall, rather a belief that value will out perform growth and momentum going forward.  As a result, profit taking in the most loved stocks is just one piece of a larger picture.

Below is a performance chart and details of the current holdings.

Start Date Symbol Shares Start Price Start Total End Price End Total % Gain / Loss
3/7/2014 $ZNGA 1919 5.58 10708.02 4.49 8616.31 -19.53%
$BIDU 58 182.04 10558.32 154.25 8946.50 -15.27%
$AMD 2712 3.95 10712.40 3.96 10739.52 0.25%
$SLV 533 20.08 10702.64 19.03 10142.99 -5.23%
$EBAY 181 59.06 10689.86 55.36 10020.16 -6.26%
$NOK 1347 7.95 10708.65 7.355 9907.19 -7.48%
$REGN 32 328.11 10499.52 305.91 9789.12 -6.77%
$AA 881 12.16 10712.96 12.54 11047.74 3.12%
$GE 410 26.13 10713.30 25.96 10643.60 -0.65%
$ANR 2232 4.80 10713.60 4.32 9642.24 -10.00%
Cash 388.91 388.91
Totals 107108.18 99884.28 -6.74%
 
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