Sunday, March 18, 2007

IT In and PCCC Out at Portfolio A1

As I suspected might happen last week, PCCC’s performance lag has finally caught up with it and it will be dropped from the portfolio tomorrow and repaced by IT, otherwise known as Gartner, the research powerhouse that has been on a tear as of late, up almost 200% since April 2005. IT made a new 52 week high on Thursday, the 31st new 52 week high in the last year. IT has also raised guidance three times in the past nine months and announced a $200 million share buyback just last month.

The portfolio rallied relative to the S&P 500 this week and now sits 0.32% below the benchmark index. RKT, which became the first addition to the portfolio two weeks ago, has also become the top performer in the portfolio, up 6.9%.

A snapshot of the portfolio is as follows:


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