Rayno Life Science Portfolio: Dx and Tools Update: Caution

http://sparkwebgroup.com/wp-json/oembed/1.0/embed?url=http://sparkwebgroup.com/ Speculative Small Cap Stocks Have Sold Off Since January 3

follow url The Russell 2000 (IWM) was up 5% YTD but the index http://research-consulting.com/tag/open-access/ is down 2.3% today. The NASDAQ is down 2% as of 1:30p EST.Small Cap stocks have outperformed in 2011 so today’s sell off may be a caution signal. Today’s market downturn was triggered by a chip downgrade by a Wells Fargo analyst and oil reaching the $105 level. The Fidelity Select Medical and Equipment Fund (FSMEX) tracks the tools and diagnostics sector well but consists primarily of large cap stocks. It is up 9.4% YTD before today’s action.

The Dx and Tools Portfolio has taken a hit since the mid-January peak. Larger cap stocks with good earnings in the portfolio have held up well:

Alera (ALR), GenProbe (GPRO), Illumina(ILMN) and Qiagen (QGEN).

Small cap speculative stocks have been hit hard after big rallies:

CardioVascularSystems (CSII),Exact Sciences (EXAS) and Sequenom (SQNM)

Model Portfolio

2010 Original Price Price % Ret Price
Recomm YrEnd’10 3/7/11
Abaxis ABAX 2/2/09 15 26.85 79 26.81
CardioV.Sys. CSII 11/5/10 7.15 11.66 63 9.52
Celera CRA 3/28/10 7 6.3 -10 6.23
Exact Sci EXAS 12/10/10 5.6 5.98 6.8 5.31
GenProbe GPRO 2/2/09 45 58.35 29.7 64.6
Illumina ILMN 2/2/09 29 63.34 118 66.45
Immucor BLUD 4/5/10 20 19.83 0 19.32
Alera ALR 2/2/09 25 36.6 46 38.08
MicroFluidics MFLU 7/6/10 0.77 1.34 74 sold
NeoGen NEOG 7/2/10 26 41.03 58 39.67
Qiagen QGEN 3/15/10 21.5 19.55 -9 20.61
Quidel QDEL 6/16/10 12.4 14.45 16 12.13
Sequenom SQNM 11/18/09 3.75 8.03 114 6
SeraCare SRLS 11/18/09 2.75 4.75 73 4
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