WHOOSH!!!!!!!!!!!!!!!

Stupid Investors: So, how was your Q2, guys?

AgFeed, Industries: Not good.

Has AgFeed Turned?

Since June 10, 2009, AgFeed has been losing value. It's been more or less a straight shot to $1.00 from $7.96 a share. That's an 87.4% loss for anyone keeping score. So, imagine my surprise when this past Friday, it closed 82% above its May bottom.

My AgFeed position, when fully purchased, was 26.6% of my portfolio. The losses have been huge, and single-handedly responsible for my weaker 2010 and 2011 performances. Since January 1st, the Dow has risen 9.5%, yet my YTD returns are -4.3%. If AgFeed was only worth what it was on January 1st, I'd be up 3% YTD. So AgFeed's performance has lowered my whole portfolio's returns by 7.3%. However, I haven't sold it because I don't buy the valuation. At its bottom, its equity was worth $52 million. Bananas. So it looks like it could finally be turning, but I'm too scared to do what I want to do: sell everything I own and load up on AgFeed. This week, while I'm not actually working or in class, I'll be watching the market.

LVS purchase

I bought shares of Las Vegas Sands at $41.79 with all of my remaining cash. That puts quite a large part of my portfolio in Vegas (and Macau).

I've chatted up my Corporate Finance and Investments professors and found that they're both holding cash. Almost entirely. They're very pessimistic about the future. And both wrong. Hopefully.