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%.