NEW YORK ( TheStreet) -- The Sumichrastreport.com basket of stocks, or as it has come be known, the S&P 500 Stock-Slayer Portfolio, fell last month. After being up 45%, it was up just over 32%, since its inception on Feb. 10, 2009 (see chart at end). Despite this 30% dropoff, the portfolio still beat the S&P, which returned 25% over the same period.

I have contended that people need to bury 'buy and hold,' and take the reins of their investments; i.e., take "stock" of your stocks on a continuous basis and forget the old-fashioned "buy and hold" strategy.

Did my strategy really pay off? It appears that it did. If you held on to all the 14 stocks I recommended since February, you would be up 29.92%, vs. recalibrating the portfolio and returning 32.19%.

Overall, I am very nervous about equities and, therefore, I have not added any new names to my list at this time. For the remaining six stocks in my portfolio, here's what I would do:

Pulte Homes ( PHM): At the end of September, I set a sell limit of $13.00. I missed the boat. It's now $9.01. I really don't like to double down, but I still think housing's recovery (albeit slow) will lift this "boat" back in the money. Hold.

General Electric ( GE): At least we are still ahead of our entry point of $11.62, but if these markets start to turn down, I could issue an "abandon ship" order. Hold.

Huaneng Power ( HNP): Down 12% since I first recommended it, HNP had a mid-month run in October, just to retreat as most China stocks suffered in the last 10 trading days. Hold.

China Integrated Energy ( CBEH): The old saying "timing is everything" rang true last week, as CBEH shareholders (of which I am one) got disappointed by the $5.75 pricing of the secondary offering. A few weeks earlier, and it may have been priced higher. Look for new research coverage and a management team fired-up to deliver. With almost 90 cents a share in 2009 estimated earnings, I said buy below $7.00. I'm sticking with it. (Disclosure: I own this stock).

Bank of America ( BAC): I said I may live to regret this pick, and it hasn't taken me long to live up to that concern. They need a new CEO and to get the government out of the business and then I really believe their franchise will pay off. I recommended it at $16.50 and it's $14.50. Hold it for now.

QKL Stores ( QKLS): Since I recommended this stock last month, it moved to the Nasdaq and looks like it's about to complete a secondary offering. With more cash, it can fuel its 100% growth rate. Watch to see how well the secondary does and what its quarter earnings look like. If both go well, watch out! This one could really move higher quickly. (Disclosure: I own this stock).

At the time of publication, Sumichrast was long CBEH and QKLS.

Co-author of multiple books in real estate and finance including "The New Complete Guide to Home Buying" and "Opportunities in Financial Careers", Martin Sumichrast brings a wealth of experience in the financial markets. Internationally renowned, he was involved in the re-emergence of Eastern and Central Europe after the collapse of the Soviet Union and the Chinese expansion into the U.S. capital markets. You can learn more about Martin at www.SumichrastReport.com.

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