Bought Tesoro Corporation (NYSE: TSO) Stock in the Portfolio

Bought Tesoro Corporation (NYSE: TSO) stock. 1500 shares @$13.05 were bought in the [model portfolio]. The refiner sector looks poised for a bounce, this is a good price point with a stable company for us to add it.

Sold Sequenom Inc. (NASDAQ: SQNM) Stock in the Portfolio

Sold Sequenom Inc. (NASDAQ: SQNM) stock. 4500 shares @$7.70 were sold in the [model portfolio] just before the open. It took some time but we had a great gain on this one, locking it in.

Bought DRV Direxion Daily Real Estate Bear 3X ETF in the portfolio

Bought Direxion Daily Real Estate Bear 3X ETF (NASDAQ: SQNM) stock. 1000 shares @$20.47 were bought in the [model portfolio]. We are hedging our bets in an increasingly tough labor force market.

Bought Sequenom Inc. (NASDAQ: SQNM) Stock in the Portfolio

Bought Sequenom Inc. (NASDAQ: SQNM) stock. 4500 shares @$3.43 were bought in the [model portfolio]. With all the bad news already baked in, the company will be stabilized by new management and still a healthy business.

Dumping Portolio Dead Weights

Obviously these were dogs and I hung in there with most of them for far too long, getting rid of the following:

1200 YTEC@7.88
800 VSNT@19.18
500 BOLT@12.10
1200 SIGM@12.79

Bought General Steel Holdings, Inc. (NYSE: GSI) Stock in the Portfolio

Bought General Steel Holdings, Inc. (NYSE: GSI) stock. 4000 shares @$4.67 were bought in the [model portfolio]. The volume and price action seems to be on the side of the longs here.

Two portfolio buyouts free up cash for future purchases

cashed out both SEPR and SDA from the portfolio after both bought out this year. We have plenty of cash and eyes open for future buys.