Despite the portfolio remaining flat over the past week, the individual stocks fluctuated widely. Homeseekers rose from a month's low of $5.69US to close the week at $7.69 after fear of interest rate hikes had subsided. Gains by Homeseekers were offset by losses from Finet.com (20.4%), Jaws Technology (10.5%) and Ecompark (6.25%).

Despite many alliances being announced by Finet.com and a business model that is among the best we have seen, Finet continues to slide furiously. It is on such occasions that investors have to continuously remember the reasons for purchasing Finet shares, average down, if possible. We believe that fundamentally, this is a good company with a good business model and management.

Ecompark (formerly Storage One) once again fell below 70 cents but bounced back to finish the week at 75 cents (6.25% off for the week). We do not expect any major price appreciation until existing EKP/ASE options expire in mid September.

In a choppy market such as we currently have investors continue to lock in their gains continuously.