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Last week I sold my position in Open Text OTEX because I had held that stock for seven months and it no longer appeared on my screening system as a buy. I also sold one half of my position in Life Sciences Research LSR because a combination of appreciation by that stock and a decline in the median company valuation of the research services industry left LSR looking fairly valued at current price levels. I was unable to identify any individual stocks to buy so I added to my position in S&P 500 Depository Receipts SPY. Because of my inability to find new individual stocks to buy, I now have about 45% of my total portfolio in this ETF. The energy-related stocks that I do own were again the stars last week. Complete Petroleum Services CPX was up 12.3%, Stone Energy SGY was up 9.6% and Helmerich & Payne HP was up 9.5%. The first two still seem to be very attractive when compared to industry median valuation but HP looks to be approaching fair value and I rate it a hold. Technology stocks were also strong last week, leading to nice increases in Rofin Sinar Technologies RSTI, which was up 8.6%, and Sybase SY, which was up 7.9%. I continue to think that RSTI is fairly valued and that SY is attractive for purchase. The table that follows shows all the current holdings in my IRA as of last week:
| Symbol | Name | Purchase Date | Cost | Price | Gain |
| Regular Holdings | |||||
| CALM | Cal-Maine Foods | 4/16/2007 | $13.30 | $28.94 | 117.59% |
| CPX | Complete Production Services | 3/27/2008 | $22.37 | $26.03 | 16.36% |
| EXAC | Exactech | 11/5/2007 | $21.00 | $26.83 | 27.76% |
| GIB | CGI Group | 3/9/2007 | $8.52 | $11.92 | 39.91% |
| HP | Helmerich & Payne | 12/27/2007 | $39.88 | $56.53 | 41.75% |
| ISYS | Integral Systems | 3/5/2008 | $25.90 | $29.86 | 15.29% |
| LSR | Life Sciences Research | 3/11/2008 | $24.22 | $27.97 | 15.48% |
| RSTI | Rofin Sinar Technologies | 9/21/2007 | $35.06 | $47.54 | 35.60% |
| SCL | Stepan Co. | 2/27/2008 | $34.94 | $40.78 | 16.71% |
| SCX | L. S. Starrett | 12/10/2007 | $18.88 | $19.38 | 2.65% |
| SGY | Stone Energy | 11/1/2007 | $43.74 | $63.32 | 44.76% |
| SPY | S & P Dep. Receipts | 1/14/2008+ | $132.20 | $138.48 | 4.75% |
| SY | Sybase | 11/13/2007 | $25.79 | $27.77 | 7.68% |
| USPH | US Physical Therapy | 1/17/2008 | $13.98 | $15.57 | 11.37% |
| One Month Screen | |||||
| No Current Holdings | |||||
| Performance Results As Of 4/18/2008 | IRA | S&P 500 | |||
| Full Year 2007 | 33.0% | 5.5% | |||
| 2008 Year To Date | 0.9% | -4.8% | |||
| Total Return For IRA S&P 500 Does Not Include Income for Current Quarter | |||||
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