IRA Investing: Market Indicators Weaken

Sales and Purchases

My five stock purchases, to be held for the next month, were:

• Crane(CR Quote)
• Gardner Denver(GDI Quote)
• Nova Chemicals(NCX Quote)
• PepsiAmericas(PAS Quote)
• Teleflex(TFX Quote)

Finally, I also took a new position in W-H Energy Services(WHQ Quote). This is a conventional oil services company that has benefited, along with the whole industry, from the substantial increase in the prices of oil and natural gas.

The company has had outstanding average annual revenue growth of 20% over the last five years and has managed to achieve a 16.5% return on assets. In terms of valuation, though, the company sells at a 17% discount to the industry median.

In order to provide funds for my purchases last week, I reduced my position in Spyders(SPY Quote).

Portfolio Performance

In the table that follows, I list all my current IRA holdings:

The Portfolio
Symbol	Name	Purchase Date	Cost	Price	Gain
Regular Holdings
ADPI	American Dental Partners	1/30/2007	$20.75	$26.85	29.40%
AHG	Apria Healthcare	11/16/2006	$24.42	$28.33	16.01%
AMP	Ameriprise Financial	12/18/2006	$55.09	$61.44	11.53%
AMSF	Amerisafe	12/18/2006	$14.18	$18.98	33.85%
BDX	Becton Dickinson	11/10/2006	$71.29	$77.79	9.12%
BKI	Buckeye Technologies	11/16/2006	$11.83	$14.26	20.54%
CALM	Cal-Maine Foods	4/16/2007	$13.30	$12.22	-8.12%
CF	CF Industries	5/3/2007	$40.57	$42.12	3.82%
CGX	Consolidated Graphics	5/1/2007	$76.88	$71.94	-6.43%
CHUX	O'Charley's	2/1/2007	$21.55	$22.44	4.13%
GIB	CGI Group	3/9/2007	$8.52	$10.11	18.66%
INMD	Integramed America	2/6/2007	$11.47	$11.91	3.84%
KCI	Kinetic Concepts	2/6/2007	$49.75	$48.80	-1.91%
METH	Methode Electronics	3/8/2007	$12.93	$14.88	15.08%
NOOF	New Frontier Media	1/8/2007	$9.46	$8.85	-6.45%
QD	Quadramed	3/19/2007	$3.06	$3.15	2.94%
SCHL	Scholastic	1/3/2007	$36.23	$32.06	-11.51%
SHS	Sauer-Danfoss	10/27/2006	$26.63	$28.09	5.48%
SPY	S&P Depository Receipts	3/12/2007	$143.59	$152.62	6.29%
TBSI	TBS International	5/15/2007	$18.48	$21.05	13.91%
WEL	Boots & Coots	3/22/2007	$2.25	$1.90	-15.56%
WHQ	W-H Energy Services	5/17/2007	$60.96	$62.80	3.02%
WRNC	Warnaco Group	3/14/2007	$26.99	$33.51	24.16%
One Month Screen
CR	Crane Company	5/15/2007	$42.53	$42.67	0.33%
GDI	Gardner Denver	5/15/2007	$39.49	$40.58	2.76%
NCX	Nova Chemicals	5/15/2007	$35.54	$36.00	1.29%
PAS	PepsiAmericas	5/15/2007	$24.47	$24.61	0.57%
TFX	Teleflex	5/15/2007	$75.49	$77.86	3.14%
Performance Results as of 5/18/2007				IRA	S&P 500
	Quarter to Date			6.3%	7.2%
	Year to Date			15.4%	7.9%
Source: TheAstuteInvestor.com

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Please note that due to factors including low market capitalization and/or insufficient public float, we consider American Dental Partners, Amerisafe, Cal-Maine Foods, Integramed America, New Frontier Media, Quadramed, TBS International, Boots & Coots, Nexstar Communications and Nova American Steel to be small-cap stocks. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.