It’s been another solid week for my portfolio, even with market’s performance yesterday. The masses are still rife with fear, meaning it’s a great time to invest, so I became fully invested as of last week. The more bad news, the better!

Cleveland-Cliffs (CLF) is close to having doubled for me since I bought it. While I would normally be inclined to take at least some profits here, commodities show absolutely no sign of slowing down, and CLF is definitely a leader there.

I am a bit disappointed about Google (GOOG) and VMWare’s (VMW) performance so far this year. I was warned about picking the leaders of the last bull market, as they rarely perform the same in the next bull market, but I just felt very confident about both of these companies. I will still give them time though, especially Google.

Renesola (SOL) has amazed me, up nearly 80% in one month! People can keep talking about how the solar market is overvalued and bound to crash every day now. With my company having made 400% profits from First Solar (FSLR), and me now profiting from SOL, I strongly feel that solar stocks are here to stay. I wouldn’t be too surprised to see a correction of some sort sometime soon though.

Since last updated, I added F5 Networks (FFIV), an internet networking infrastructure company, Fluor Corp (FLR), an engineering company involved with oil and natural gas, and Marvel Entertainment (MVL), of comic book fame. I added FFIV due to its strong performance over the past month, as well as it being a subject I’m familiar with (I have a natural tendency to be more interested in tech stories). I added FLR as a test of buying a stock after it’s spiked on earnings, as I did some reading about how most stocks continue to rise even after a one day gain of 10%. Lastly, I added MVL due to the success of Iron Man and betting on the fact that they will continue to make large profits off of their properties (now that they full control the movie making rights to them). I am a bit hesitant about MVL though as it pick based mostly on a few stories I read, and not as much the fundamental and technical research I like to do.

Finally, I sold Immersion Technologies (IMMR), maker of touch screens, after tepid performance for the past month, and added a favorite from last year, China Fire & Security Group (CFSG). CFSG was one of the biggest winners for me last year, and took a massive hit due to what appears to be equivalent to a gossip column about one of the major stock holders. China’s infrastructure boom is huge, especially with the Olympics, and this company seems to pick up contracts left and right to do the fire and security systems for these buildings.

YTD Performance as of 05/21/2008: Up 11.81%

Portfolio Holdings

Changes

Date	Action	Stock	Price	Shares
5/8/2008	BUY	F5 Networks (FFIV)	27	373
5/13/2008	BUY	Fluor Corp (FLR)	187	53
5/13/2008	BUY	Marvel Entertainment (MVL)	34	292
5/19/2008	BUY	China Fire and Security Group (CFSG)	11	1124
5/19/2008	SELL	Immersion Technology (IMMR)	10	620