2010 Review

Despite what seemed like insurmountable obstacles
all year long, 2010 was a good year in the market,
especially on top of 2009, which was a great year.

We regained some of the losses of the disaster years
of 2000, 2001, 2002, and 2008, but we still have a long
way to go.  The GTI now is only about one-third of
what it was at its high in 2000.

Here are the years' returns for all the GTI stocks,
in order from best to worst:

FNSR  

233%

 

TXN  

27%

 

OPXT  

-7%

PWER  

134%

 

XLNX  

18%

 

NSM  

-8%

EZCH  

132%

 

S  

16%

 

AMD  

-15%

CPHD  

82%

 

TSM  

14%

 

ZRAN  

-20%

ANAD  

64%

 

SMI  

13%

 

EQIX  

-23%

ALTR  

58%

 

QCOM  

9%

 

MU  

-24%

HITT  

50%

 

FLEX  

7%

 

IKAN  

-29%

BRCM  

39%

 

GLW  

1%

 

MVIS  

-41%

NETL  

36%

 

PMCS  

-1%

 

ENER  

-56%

SIGM  

33%

 

SYNA  

-4%

 

FORM  

-59%

It was a mixed bag. (Isn't it always?)  Kudos to FNSR
(valedictorian) and EZCH (most popular).  As to MVIS,
ENER, and FORM, I'd like to see them in my office
after class.

In the aggregate, the GTI was outperformed by the
universe of tech stocks.  Through November, 77%
of the 105 Technology mutual funds that Schwab
follows had done better than the GTI.

On the other hand, not one of the funds that Schwab
follows did as well as the Four Horsemen.  It's easier
to shine with only four stocks in your portfolio.

For a longer term perspective, here are the individual
returns for each of the last seven years, along with
annualized returns for the whole period (excluding
any time before coming into the GTI):

 

2010  

2009  

2008  

2007  

2006  

2005  

2004  

Total  

Ann'l  

ALTR

58%

37%

-13%

-1%

6%

-10%

-9%

62%

7%

AMD

-15%

348%

-71%

-63%

-33%

39%

44%

-47%

-9%

ANAD

64%

185%

-87%

31%

12%

 

 

-12%

-3%

BRCM

39%

85%

-35%

-19%

3%

46%

-5%

93%

10%

CPHD

82%

20%

-61%

210%

-3%

-12%

4%

137%

13%

ENER

-56%

-58%

-25%

-1%

-26%

 

 

-90%

-38%

EQIX

-23%

100%

-47%

34%

86%

-5%

52%

188%

16%

EZCH

132%

-24%

-14%

31%

175%

-64%

43%

190%

16%

FLEX

7%

186%

-79%

5%

10%

-24%

-7%

-47%

-9%

FNSR

233%

193%

-74%

-55%

55%

-4%

 

71%

11%

FORM

-59%

49%

-56%

-11%

2%

 

 

-76%

-29%

GLW

1%

105%

-59%

29%

-5%

81%

13%

110%

11%

HITT

50%

38%

-38%

37%

 

 

 

76%

16%

IKAN

-29%

48%

-77%

-38%

-41%

9%

 

-90%

-37%

MU

-24%

300%

-64%

-39%

 

 

 

-32%

-10%

MVIS

-41%

89%

-57%

22%

-11%

-49%

-8%

-76%

-18%

NETL

36%

110%

-32%

48%

-20%

123%

 

415%

32%

NSM

-8%

56%

-54%

1%

-12%

45%

-9%

-24%

-4%

OPXT

-7%

9%

-80%

-33%

 

 

 

-87%

-43%

PMCS

-1%

78%

-26%

-3%

-50%

 

 

-35%

-9%

PWER

134%

266%

-70%

-45%

21%

-33%

-12%

1%

0%

QCOM

9%

31%

-7%

6%

-11%

2%

57%

99%

10%

S

16%

100%

-86%

-30%

-9%

-5%

121%

-57%

-11%

SIGM

33%

13%

-83%

117%

65%

6%

 

-2%

-0%

SMI

13%

54%

-59%

-19%

-5%

-37%

-26%

-75%

-18%

SYNA

-4%

85%

-40%

39%

20%

-19%

104%

194%

17%

TSM

14%

49%

-17%

-4%

17%

27%

-5%

90%

10%

TXN

27%

71%

-52%

17%

-10%

31%

-11%

26%

3%

XLNX

18%

44%

-16%

-6%

-4%

-14%

-23%

-16%

-2%

ZRAN

-20%

62%

-70%

54%

-10%

40%

-36%

-51%

-10%

For comparison, the GTI's annual return for the seven
years was 6.4%, and the NASDAQ's was 4.1%.