Value Microcaps Portfolio

[SSKILLZ1]

VMI (Minus China Stocks)

Commentary: There were 36 china stocks in the VMI. Once again proving my point if you avoided china, the microcaps we follow in general held up. Not that your blown away by these returns, but this picture does look very different doesn't it. All is just my opinion, and I could always be wrong though.

 
 Symbol		% Up/Down 
 APNC		146.30% 
 SVLF		123.21% 
 REPR		94.03% 
 AMLJ		86.57% 
 MDF		67.11% 
 SPNS		63.48% 
 PRIM		56.50% 
 TAST		55.93% 
 NANO		43.57% 
 ADGF		37.16% 
 AFSI		35.71% 
 KLIC		28.47% 
 MASC		28.44% 
 NICK		25.20% 
 PCCC		25.17% 
 UFPT		21.16% 
 PLUS		19.63% 
 NSIT		16.19% 
 OBCI		14.97% 
 ISSI		13.82% 
 MBND		13.73% 
 ZYXI		13.33% 
 AGM		10.42% 
 IAIC		9.27% 
 INTT		9.02% 
 WSTG		8.34% 
 HIFS		7.42% 
 GAXC		7.14% 
 BOFI		4.77% 
 TLF		3.39% 
 OCCF		2.24% 
 WLDN		-1.00% 
 SPAN		-3.31% 
 CCOM		-5.00% 
 NIDB		-6.15% 
 JCTCF		-9.72% 
 KTCC		-10.15% 
 SMTX		-11.88% 
 AIRT		-12.83% 
 DIT		-19.51% 
 MSN		-19.70% 
 SMID		-20.00% 
 IEHC		-21.11% 
 BDL		-22.59% 
 MPAD		-24.24% 
 VSEC		-26.47% 
 ZMTP		-28.57% 
 WILC		-29.41% 
 AEY		-33.28% 
 CRWS		-36.13% 
 IEC		-37.53% 
 FKWL		-39.52% 
 KEQU		-40.23% 
 BDR		-42.02% 
 TPCS		-43.75% 
 TCCO		-43.88% 
 LRAD		-44.61% 
 ETM		-46.89% 
 UPG		-47.97% 
 SGMA		-48.44% 
 PERI		-48.97% 
 PWER		-61.67% 
 ORFR		-66.07% 
 MLKNA		-84.86% 
 Average Return	0.85%