The DJIA and SPY posted fractional losses this week while the Nasdaq Composite rose by almost 0.7%. The three indices are all in the black year to date with profits running from 1.66% to 6.09%. The Dow is now the laggard after the tech-heavy Nasdaq rebounded strongly in recent weeks.
Our own Virtual Value Portfolio had a better week than the broad market, gaining 0.82% since last Friday. Boardwalk Pipelines (BWP) was especially strong. We beat Murphy’s Law as both lots, of what is now our largest position, are up more than 50% since our March 2014, acquisition dates. BWP's move helped our portfolio set a new closing record.
Our unlevered, plain vanilla value blend is now ahead by 8.56% YTD and up 52.74% since our Oct. 26, 2012, inception date.
We added the cast-off shares of Bed, Bath & Beyond (BBBY) to our list on Thursday after the shares got down to a three-year low. By Friday’s close BBBY had rebounded 3.3% from our purchase price the previous day.
Also check the status of our put-writing activities by using this link… Market Shadows' Put Writing Portfolio.
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