BlackSwanTradingTM 22dec16

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Page 1 of 15 December 2016 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited.
The author does not provide investment advice. In order to use reproduce or convey the material herein,
in any way, written agreement must be obtained from the author or its agent Architypes Inc.
StockTakers Limited is an Alberta corporation providing information on “likeables” equities.
StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
Defend Your Capital, BlackSwanTradingTM
Update
22 December 2016
Equities trading above our benchmark Risk Price (SF) are those liked by investors, as two of three
continue to price rise due to investors’ preference. These equities we call “likeables.” They are
revealed by their rise above Risk Price, our metric that investors must know to defend their capital1
.
Cash must be engaged in the economy in business ideas with valiant balance sheets or it loses
value. That is simple fact. For small savings it is needful but arbitrary you feed at the low price end
of "likeables" we find in balance sheets. Equities that tend to hold their value and gain are better
than cash. Risk Aversion, Capital Safety and Liquidity in ‘likeables’ we prove works for you.
The US markets particularly well fed on Quantitative Eating courtesy of the Federal Reserve
suddenly lost their expectations. The markets are always expectant mooing for fodder. They got
pooped when the forced feeding ended, despite early Fed avuncular advice. Finally Fed rate rise
tentatively feels-out real recovery. Banks margin rise hinders2
the real economy, already sits on top.
Business press pundits wrote lots, but all gossip, not the real issues. They never knew and never do
know, they are just highly motivated paid-by-the-word business model guessers. Press post-truths
are trade of the Monetized Service Media Messengers MSMM. These schillers sent dumpster
gleanings throughout gerrymandered elections for dubious policy outcomes by two-guns blazing
duplicitous Yosemite Sam wearing his mustache on his head. What a goat rodeo with clowns is
running the Oval Bowl. Dem-dummies eyes not on the road to change shot their messenger.
We have a very conflicted interesting scene unfolding in the Oval Bowl. We have a new game of
what will he, won’t he, say or do next moment after this, sailing of the picaroons into high offices.
Seems doubtful he will drain the morass or grab it, spreading it all over the land. We will have a
volatile ride with this Yosemite Sam popping-off.
On years discussion the Financial Stability Board under Mark Carney has realized its remit and
declared risk models of deposit insured retail banking go back to the medieval3
era practice of
retaining more than 1/7th
reserve4
for absorbing Bad Risks they have put on their ledgers with our
money. History proves that high reserves worked to prevent imprudent bank calamity, they are
prone making others fix. Meanwhile WE the real economy are hard at our work adding value and
worth exceeding population growth and saving for a hopeful return under the new bank tithe5
after
absorbing their imprudences by using-up the ‘trifecta’ of monetary tools. The banks cannot stop
putting their hands into your cash-till6
either. Their cost-benefit calculus is crime’s implicit price.
Consumers were demanding. Firms were not allocating their balance sheet cash loads to capital, a
practice called entrepreneurial capitalism. Seemingly C-suites have forgotten while leveraging their
bonuses at stakeholders’ injury7
. The less competent have chosen to dispose rather than innovate
demand for more cash flow. At high cash and low interest rates many chose to buy-back stock,
propping price8
they can scoop their stock-options. Surprising how their moral hazard gets bonused,
again. The mavens are always, ‘surprised’ yet again, it is their stock response, in their favour.
"there is risk in what you do not or cannot know." Thomas Tooke, 1844
"for the value of money is also perishable." Jean-Baptiste Say , 1803

“
Update
22 December 2016
With Risk Price (SF) we have devised leverage to partitioning of markets, like Archimedes ‘point’.
We know with good reason where we are. When and where to go. Know What You Have. Have
What You Know.
In 2012 as open handed ‘Truth or Dare’ display of our methods we partitioned from then current
identified monthly crop of new ‘likeables’ from NYSE the Solo50KTM portfolio for a select group
of self-employed entrepreneurs. The Solo-50K portfolio tax shelter opportunity results from US tax
law amendments9
to encourage saving by the self-employed especially during years when their hay
is high. We opted to use only passive stoploss settings for capital safety in our charity to small
investors rather than aggressive options we use as are normal to our method. This Risk Price model
of stock worth proves how robust our derived ‘likeables’ are. Higher gains are up to our routine.
Many may recall the rightly famous Black Swan crying fowl on her fund managers near four years
ago. We sent her a Tweet 15 April 2013 to calm her down to our methods. We introduced her to our
portfolio the Solo50KTM we had prior devised to help self-employed heroines in our circle of
readers. We can call it the BlackSwanTradingTM or, in all respect to Noriel Roubini, perhaps a
more topical name suits BloodySlowTradingTM as it counterpoints Wall Street Pumpers.10
Hans Goetze @HansGoetze Apr 15
@RealMilaKunis
Solo50Kportfolio:AIZ,AVY,BSX,CMA,DOW,GT,HCBK,LLTC,LNC,NBR,NYT,NYX,OR
CL,SYY,TE,TEX,TSN,UNM,WM=123.15%@19wks
Note Solo50KTM had already made a 23.15% gain in the prior ‘hot’ 19 weeks. So, we reset it as
BSTTM for Ms. Kunis. If Ms. Kunis was not just clawing air time dollars from her followers but
allocated BSTTM it has posted 71.38% gain since 15apr13, with NO CHANGES. That is
disregarding stoploss settings that had kicked out all but 3 of the original 19 stocks in 26 months,
but from 01dec12 the gain is 101.37%, with no changes and carrying a lot of idle cash in that cache
from three takeovers and lots of dividends. That is open auditable proof in real time in real markets.
We prefer capital safety, from very slow trading, we can obtain with opportune hunting of options
traders. We can take their bets. Because we know better. With risk averse stoploss settings (instead
of collaring options as we prefer)11
BSTTM as Solo50KTM had made a nice 103.58% in 30 months.
That was an annual 32.89% internal rate of return, well above our 12 year test on the DJI.
But the market was ‘hot’ in 2013 stuffed on Quantitative Eating as the Treasury and Fed fed their
constituents, the banks. As the banks have shown every time the reins come off they build and blow
bubbles12
, like killer Whales corralling the herring or capelin for their lunch. Your money is their
free lunch, you are it. That is life on Cannery Row.
But wait, there is more to Solo50KTM. The original Solo50KTM had been sent prior to the
attention of a public service endowment frantic to rebuild its capital which had declined further
18% under ‘active management’ since the 2009 plunge. Their remit was threatened. They may wish

“
Update
22 December 2016
they had known sooner of our work based in our new theory of the firm that proves Risk Price
driven ‘likeables’ robust advantage in real markets.
Quantitative Eating was an unusual time. Most everyone has forgotten the DJI was at 12966
03dec2012. That market growth rate out stripping GDP is not likely repeated as Draghi uses QE.
Conventional bleating of the ‘dollar-per-word” industry called 2014 too volatile and 2015 too lame,
to make money, for you. With our “likeables” you can save your own bacon. You have proof.
What proof does convention offer? Yup, that is an oxymoron. Convention is flat-landers in a global
reality13
. Fund managers are just used equities traders who know little more than pretense, for
unworthy fee-taking so that none is ever left for you. Do not give those Artful Dodgers your wallet.
Financial industry advisors are schooled sellers of financial products to
exploit small investor savings for their taking fees14
. They are not
changing their tools or sharpening those they have. They took the
“regular courses” required by a self-regulated industry driven only by
their creative sales fiction15
. Seemingly, certification requires intensive
study in the key tools of Rhetoric - Adumbration, Subterfuge,
Mystification and Derogation. Humm, that sounds familiar.
“I only took the regular courses,” sighed the Mock Turtle.
“What was that?” inquired Alice. “Reeling and Writhing, of course, to
begin with, and then the different branches of Arithmetic – Ambition,
Distraction, Uglification, and Derision.”
The larger your ‘likeables’ portfolio will tend to average 26% per annum Internal Rate of Return as
using collaring options as proven through the two recessions of the past 13 years. See our articles
StockTakers’ 2012Q1 bite on DJI16
. and The Counter Culture: Case for a Can Opener17. Our
work stands on giants, insights of three very different laureates, and evidence as our “likeables”
behaviour is proof.
That proven behaviour of our portfolios, fund managers like CPPIB18 can afford to ignore. But
politicians demand you must trust to invest in their proven failures, even double-up donations.
Donations to their failure have already doubled since legally required to start paying 50 years ago.
Wall Street19
does not understand value or even price. When is any stock cheap enough20
?
Convention does not comprehend our ‘likeables’ behaviour as hedge funds fail to deliver21. But,
they are still skimming purses. Bonds are oh-so-ho-hum22
they do not know how to ‘fix-it’ either.
On gossip hem and haw the markets bounced and yawed with all the boats as Trump slapped the
stagnant waters of troubled US politics holing stoplosses. The managers of pensions, insurance and
other equity pools trade accounts for 90% of the market, but they do not know which way that flat-
world view of theirs turns, but churning your money works for their salaries, just not your income.
Quantitative Eating as ‘treacle-down’ never worked. ‘Repeat and stir’ just capitalized sticky fingers
gaming US markets, not consumers ‘getting-on-with-their-lives’ hoping to earn income on savings.

“
Update
22 December 2016
Our public portfolios are proof, yes, we can. Extending our proprietary information as charity
suiting small savers’ needs in our BookBuilderTM allows you invest in your children’s education,
TaxCharityTM allows you invest in your retirement income needs. Because we can, you can too.
Our public portfolios do better because we can. Our new theory of the firm works in real markets,
in real time. We seek accredited investors to whom we can offer StockTakers 12% Bond23
advancing what we have proven, we do the work. We show proof in our methods, in real time
portfolios that are charity to small investors.
BlackSwanTradingTM
is a study in passivity. Managed with our stoploss controls from the start in
01dec12 it showed gain of 103.58% for 43.7 months. These past 26 months’ of mugwumps mauling
market prices had to give-up the bloat of QE, with managers claiming need of switching to bonds to
generate their incomes from churning client cache24
. No crisis, no trades, no fees, is their mantra.
With a burgeoning cash pool drawn on doubled margins the banks are flush with extra non-deposit
cash they can extremely multiply in credit contracts to any ratio, at their will, as this is their deep
dark pool resource and outside reserve system scrutiny. The recent market bubble is driven by this
pool. But risk averse ‘likeables’ have nice tendencies and are very likeably back to current
doubling, as volatility range will increase.
Portfolios Update List – 22 December 2016
BlackSwanTradingTM (Solo 50K on NYSE)
just the equities of "likeables" Firms
Market
Price
Symbol SF
(Risk Price)
Stop/Loss
Buy-ins 01December 2012 and held, no stoploss used and portfolio left untended.
Assurant Inc. 85.56 AIZ:US 61 77.0
Avery Dennison Corp. 71.68 AVY:US 47 65.2
Boston Scientific Corp. 20.84 BSX:US 13 18.8
Comerica Inc. 61.55 CMA:US 34 56.0
Dow Chemical Co. 54.33 DOW:US 44 51.1
Goodyear Tire & Rubber Co. 30.47 GT:US 24 28.0
Hudson City Bancorp Inc. (takenover by M&T 02dec15) 10.12 HCBK:US
Linear Technology Corp. 62.06 LLTC 40 56.5
Lincoln National Corp. 63.65 LNC:US 48 56.0
Nabors Industries Ltd. 14.16 NBR:US 8 11.8
New York Times Company 12.65 NYT 12 11.9
NYSE Euronext (Price 15nov13 at ICE Takeover) 45.29 ICE/NYX
Oracle Corp. 40.09 ORCL:US 37 38.1
Sysco Corp. 54.10 SYY:US 32 49.2
Teco Energy Inc. ($27.64 EMR takesover TE 30jun16) 27.64 TE:US
Terex Corp. 29.34 TEX:US 20 25.8
Tyson Foods Inc. CL A 58.96 TSN:US 35 50.7
Unum Group 42.60 UNM:US 22 40.0
Waste Management Inc. 69.57 WM:US 47 64.0

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Update
22 December 2016
(NB: stoploss settings not used to keep capital safe. We prefer risk aversion using collaring options)
BlackSwanSleepingTM Portfolio Value
(incl. Dividends) 22 December 2016 / 30 November 2012
87523.50 / 43465.00 Gain 48.7
months
101.37%
Current Cash
(ICE/NYX takeover 15nov13; HCBK takenover 02dec2015;
TE takenover 30jun16)
Dividends earned
8305.00
5335.50
IRR pa 18.82%
Current ‘Ready’ Cash, such a lot to be sitting
idle instead of making wealth in adding to your
portfolio, or BookBuilderTM’s for your gifting
into children’s tax sheltered self-directed fund
building for their wealth independence.
OR, FESTIVUS with the rest of us, far below!
13640.50
Stop-loss settings intend to defend capital from unusual negative market volatility in case of such irrational
market mavens’ pressures of Q3-2014 through Q1-2016. Irrationally volatile swings occurred without
regard for reason as stock prices sharply rebounded. Capital was defended by stoploss settings as intended
but you must rebuild the portfolio with successive replacement buy-ins as shown below.
If you did not pay for the stop-loss positions you took the risk but carried-on in a slumber as above, you
gained a tidy 101.37% for snoozing like Rip Van Winkle for 48.7 months, a net 18.82% IRR p.a.
gain, you have $13,640.50 (used-less) cash in your wallet and now rockets return and land on earth,
standing-up. Spooky, but true, the real economy is still moving, up.
In the long haul all of those 19 ‘likeables’ rebounded above their buy-in.Mostr all are doubled and tripled in
price. The ‘likeables’ are defined by and remain above their Risk Price and $topLoss in dominant positive
markets. However below one sees clear example of our ‘likeables’ 2 of 3 gain tendencies at work in a
mixed market that was strongly negative on ‘news’ without substance over these past 27 months, on
newspeak unrelated to business of firms in the real economy. Managers make 90% of trading but they never
know where they are or which way to go. It is your money you gave them, they are gambling with..
Above no stoplosses were applied. Below we show the effect of the stoploss set only on quarterly basis
gained 96.06% at the end of 48.7 months for little effort by our model small investor managing their
personal savings portfolio only once each month and still over that interval including the last rough 8
quarters negative volatility achieving 18.12% IRR p.a. That is very likeable.
That demonstrated yield of 19.56% IRR p.a. is further proof our Risk Price driven ‘likeables’ risk
averse discipline is Capital Safe, Liquid and AlphaSmartTM. Investors need to know Risk Price.
Solo 50K on NYSE ”likeables” Firms Market
Price
Symbol SF
(Risk Price)
Stop/Loss
See old posts for Buy-ins 01 December 2012 *100 shares each

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Update
22 December 2016
Buy-ins 22feb16 *100 shares each
Conagra Foods Inc. ($44.2 StopLoss 09sep16) CAG:US 29 35.8
Comcast Corp. ($63.9 StopLoss 22oct16) CMCSA:U
S
56 67.5
CMS Energy Corp. ($38.7 StopLoss 02mar16) CMS:US 27 38.3
Deluxe Corporation ($66.4 StopLoss 29sep16) DLX 47 67.6
Diamond Foods Inc. (LNCS acquires DMND 01mar16) DMND 21 0.0
Edison International ($68.7 StopLoss 22mar16) EIX 58 66.4
Fidelity National Infrmtn Srvs ($57.9 StopLoss 24feb16) FIS:US 50 70.5
International Paper Co 53.79 IP:US 35 48.4
Kroger Company ($35.6 StopLoss 22mar16) KR:US 22 31.5
Masco Corp. ($30.6 StopLoss 29apr16) MAS:US 20 28.5
Buy-ins 22mar16 *100 shares each
Linear Technology Corp. ($43.7 StopLoss 04may16) LLTC 40 56.8
Sysco Corp 56.25 SYY:US 35 51.2
Total System Services Inc. ($47.6 StopLoss 16aug16) TSS:US 30 44.0
Buy-ins 22apr16 *100 shares
Edison International ($70.2 StopLoss 04oct16) EIX 58 66.4
Kroger Company 34.98 KR:US 22 31.5
Buy-ins 22may16 *100 shares each
Iron Mountain Inc. ($34.1 StopLoss 06oct16) IRM:US 29 29.2
ProLogis Inc. ($50.6 StopLoss 05oct16) PLD:US 37 47.2
Rofin-Sinar Tech. Inc. (COHR takesover RDSTI 07nov16) RSTI:US 32 29.9
Buy-ins 22jul16 *100 shares each
American Electric Power Co. ($66.2 StopLoss 16aug16) AEP 53 58.2
Bank of New York Mellon Corp 47.61 BK:US 35 44.3
Buy-ins 22aug16 *100 shares each
Mondelez International Inc. ($40.8 StopLoss 01dec16) 40.80 MDLZ 39 42.3
Altria Group Inc. 67.68 MO 48 61.6
ServiceNow Inc. 74.55 NOW 57 66.3
Buy-ins 22sep16 *100 shares each
Conagra Foods Inc. ($44.2 StopLoss 10nov16 split 1285/1000) CAG 29 35.8
Buy-ins 22oct16 *100 shares each
Autodesk Inc. ($68.4 StopLoss 02dec16) 68.40 ADS 49 67.9
Deluxe Corporation ($60.3 StopLoss 03nov16) DLX 47 67.6
EastGroup Properties Inc. ($64.8 StopLoss 03nov16) EGP 51 66.9
First Cash Financial Services 45.90 FCFS 40 40.9
Iron Mountain Inc. ($30.9 StopLoss 14nov16) IRM 29 29.2
Buy-ins 22nov16 *100 shares each
International Game Tech. ($24.0 StopLoss 13dec16) 24.00 IGT 14 22.2
Landstar System Inc 84.80 LSTR 59 78.0
PayPal Holdings Incorporated 39.68 PYPL 37 37.3

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Update
22 December 2016
Ross Stores Inc. 67.11 ROST 48 61.7
Williams-Sonoma Incorporated 49.77 WSM:US 49 40.8
Yelp Incorporated 38.23 YELP 18 28.7
Solo 50K 2012 Portfolio Value (StopLoss tended -
incl. Dividends) 22 December 2016 / 30 November 2012
85437.00 / 43465.00 Gain 48.7
months
96.57%
IRR pa 18.12%
Current Cash (after 22aug16 buy-ins 228.00
Net Cash (after StopLoss *100 shares 13320.00
Current Cash pending Buy-ins *100 shares 13548.00
Buy-ins 22nov16 *100 shares each SF
(Risk Price)
Stoploss
BB&T Corp 47.31 BBT 32 43.5
Best Buy Co. Inc 41.38 BBY 26 37.2
Unum Group 44.53 UNM:US 22 41.0
Net Cash Forward 22oct16 *100 shares 141.00
Dividends earned 5854.00
Total Cash Available 5995.00
StockTakers Gaming in the StockYards with options on: Zylem Inc.
Q: How do we do +26% p.a. IRR, you ask? Or, “why do you always buy-in 100 share blocks?” Or, “How
can StockTakers 12% Bond sustain 2.874% per quarter dividend to bond holders?”
A: We seek and secure controls on risk with collaring options taken from other Stockyard dogs and traders
to guide our hold positions and control exits on ‘zoomers’ we filter from the ‘pack’ of ‘likeables’ in the ‘B’
partition of the market Risk Price gives us to work with. The pack of identified ‘zoomers’ we can risk
manage, because we know better, to achieve a segment obtaining even 75% p.a. IRR in a hangdog market25
.
If you used $4591.00 ‘idle’ cash in your cache,
for which 22jun16 you did add a 100 block of
Xylem Inc. to your growing wealth cache, plus
29aug16, gave you $0.155 dividend too! Same
dividend is confirmed 07dec16, 1.3% dividend
coupon is better than bonds.
Humm … from 14.95% gain in three months
the market bull-ooneys backed off to 6.72%
gain in three months, is very nice! Very
likeable as we prefer, and we hold! We bought
their option short call down at our stop and put
option to cover the ends of 10% range on
market volatility of record, for a nice ‘side-bar’
gain of at least 49 on short sell and 56 long, as
22dec16 51.130
29aug16 +0.155
07nov16
+0.155
51.440
XYL:US 32 Vq
46.0
Vy
48.9
22jun16 45.910
6 mos
12.05%
Risk Price fundamental worth SF stepped-
up sharply from 53 to 32 in our patent
analysis of XYL current SEC 8-K reporting
completed long term financing through DB
as necessary to purchase Sensus
Worldwide Ltd., an agreement adding
smart metering systems to enhance its
base in water and waste water metering
and pumping technologies an overlaying of
quarterly balance sheet data report that
increases the worth as an expression of SF
in showing healthy use of in-hand cash
capitalizing the firm innovation. Next up Q3

“
Update
22 December 2016
we hold. Good firm placing itself in good
capital position for surge in water
infrastructure purchasing, as the world expands
its needs for water treatment and old systems
replacement.
report release will be 01nov16.
The market liked the quarterly report,
gaining share price right through election
dyspepsia. What will he, won’t he, say or
do next moment after this, drain the
morass or grab it, spread it all over the
land.
Solo 50K 2012 Portfolio Value (StopLoss tended -
incl. Dividends) 22 December 2016 / 30 November 2012
85437.00 / 43465.00 Gain 48.7
months
96.57%
IRR pa 18.12%
Removal of Quantitative Eating combined with oil and gas bloat made unusual down-side
volatility in all markets this past 2 years. To that adjustment older Greece and newer China issues
added spooky gossip, a ‘sea-change’, of stoplosses were triggered by a trope of managers who
cannot figure out where they are.
Fundamentals of consumer spending, cars and house prices all rose while the managers threw your
money on the dice floor. We can buy back ‘likeables’ at lower prices and recover. Stock Prices
rebounded well above the prior stoploss again indicating less tight stops should be used again. The
normal mooing of herds grazing has returned. With our ‘likeables’ we can benefit most from the
fluttering of uncertainty in the market that is made by ‘active’ fund managers who have no
direction, no compass, as they lose the cache of their clients in their churn for their fees income.
Balance sheets did not flip-flop, but portfolio managers did, unrelated to ‘fundamentals’ of value
investing26
. Our tighter $toploss values reduced risk of loss while the bears grumbled. All of the
stocks in our public portfolios27
simply rebounded, much higher. Few can still be bought back for
less than they stopped out weeks ago even as the markets regain confidence. Take the bonus when
it is there and buy those back. Staying in the market gets the rise as the tide swell comes in.
Skimming for advantageous collaring options to protect your capital takes time, away from
working at what you know you do best. Collaring of options can be very useful in added gains but
it requires a lot more attention than small investors can lavish.
Stoploss is a simpler approach. It is time to loosen the easily managed $toploss values as positive
mooing returns, as the bears picnic, rebuild for gain as markets liquidity has returned. Price has no
mass - gossip fluctuates and gyrates like a dervish, gravity less so but we know more about it.
Most of the US is nearing NAIRU full employment. Political shift to fuller renewal of
infrastructure is now at forefront with income equality initiatives. All the ‘canards’ must walk the
political stage while the real economy slowly inches its recovery forward, while absorbing other
people’s abuse of ‘credit float’ in the sea of moral hazard they had created.

“
Update
22 December 2016
The reality that ‘treacle-down’ never worked is roosting, as much as, austerity is impoverishing in
hard times when innovation and productivity are needed to ‘credit float’ warranted investment in
valiant business processes and enterprises in the real economy. That is the expectation society has
of corporations given fictitious personhood in accepting as public liability for corporate risk of
failure that society will obtain benefits if corporate success is won. Society needs the collective use
of ‘credit float’. Society wants those risks for socio-economic benefits to all trading connections
for ‘credit float’ given to the federation of interests that is incorporated with the enterprise. How
the corporation is governed and the added value distributed is where we need to workout better.
Austerity the FSB sees as necessary in support of retail bank reserves to limit imprudence of moral
hazard by bankers, which they pay from their resources without the public purse. The high margins
bankers have imposed in recent years has reduced liquidity, damping markets instead of spurring,
the amount of ‘credit float’ available for real economy enterprises, creating worth and wealth in
their business process, making ‘money’ to put in all our pockets and allocate as we wish or save in
‘likeables’ equities hopeful of gaining better income than our labour alone provides.
(Pending Need for Change or investing new Savings)
Analog Devices Inc 73.45 ADI:US 50 68.3
Automatic Data Processing Inc. 102.6 ADP:US 77 97.5
NASDAQ OMX Group Incorporated 67.21 NDAQ 35 60.5
Xylem Incorporated 51.13 XYL:US 32 46.0
USA Solo ROTH/IRA 2013 limit 51000.00
See old posts for Buy-ins 15 September 2013 *100 shares each
Buy-ins 22jan16*100 shares each
Ameren Corp. ($47.0 StopLoss 21apr16) AEE:US 38 48.2
Allegion PLC ($58.2 StopLoss 03feb16) ALLE:US 50 60.7
Broadcom Corp. ($54.67 BRCM buys-in shares 29jan16) BRCM 0.0
Conagra Foods Inc. ($44.2 StopLoss 09sep16) CAG:US 29 35.8
Campbell Soup ($60.1 StopLoss 21apr16) CPB 37 55.4
Delta Air Lines Inc. ($44.7 stopLoss 27jan16) DAL 45 45.3
Dow Chemical Co. ($41.1 stopLoss 20jan16) DOW:US 44 54.6
E Trade Financial Corp. ($23.0 stopLoss 29jan16) ETFC:US 20 31.8
Fortune Brnds Hm. & Scty Inc. ($46.8 stopLoss 20jan16) FBHS:US 30 50.0
General Mills Inc. ($65.1 StopLoss 09sep16) GIS 50 57.5
Givaudan SA ADR ($38.8 $topLoss 21oct16)
GVDNY:U
S
30 33.2
Mondelez International Inc. ($39.9 stopLoss 03feb16) MDLZ:US 39 42.3
Tyson Foods Inc CL A ($67.5 $topLoss 21oct16) TSN:US 35 51.2
Total System Services Inc. ($42.8 StopLoss 27jan16) TSS:US 30 44.0

“
Update
22 December 2016
Texas Instruments Inc. 74.20 TXN:US 50 67.5
Buy-ins 22feb16*100 shares each
Ameren Corp. ($47.0 StopLoss 21apr16) AEE:US 38 48.2
American Electric Power Co. ($61.3 StopLoss 01mar16) AEP 53 58.2
Cavium Incorporated ($55.0 StopLoss 18apr16) CAVM:US 40 52.9
Cablevision Sys. Corp. (21jun16 CVC mergers private) CVC:US 17 0.0
E Trade Financial Corp. ($23.3 StopLoss 07apr16) ETFC:US 20 31.8
Mondelez International Inc. ($41.6 StopLoss 27jun16) MDLZ:US 39 42.3
Patterson Companies Inc. ($43.3 StopLoss 01mar16) PDCO 38 37.6
Sealed Air Corp. ($48.1 StopLoss 28apr16) SEE:US 30 43.0
Buy-ins 22mar16*100 shares each
Lululemon Athletica Inc. ($60.2 StopLoss 13may16) LULU:US 49 56.8
Southwest Airlines Co. ($42.9 StopLoss 04may16) LUV 39 46.7
Buy-ins 22apr16 *100 shares each
Ameren Corp. ($47.3 StopLoss 04oct16) AEE:US 38 48.2
Bemis Co Inc. ($49.6 StopLoss 13may16) BMS 40 44.8
CBRE Group Inc. ($25.8 StopLoss 27jun16) CBG 28 28.2
First Cash Financial Serv. ($47.4 StopLoss 09sep16) FCFS 40 40.9
Waste Management Inc. 70.79 WM:US 47 65.1
Buy-ins 22may16 *100 shares each
Bemis Co Inc 48.15 BMS:US 40 44.8
Southwest Airlines Co. (N* $36.28 StopLoss 22aug16) LUV:US 39 46.7
Altria Group Inc. 67.68 MO:US 48 61.6
Sealed Air Corp. ($43.4 StopLoss 27jun16) SEE:US 30 43.0
Buy-ins 22jun16 *100 shares each
Hormel Foods Corporation 35.15 HRL:US 25 30.6
Buy-ins 22jul16 *100 shares each
Lexmark Int’l Inc. CL A ($40.49 Apex takesover 28nov16) 40.49 LXK 35 36.0
Masco Corp. ($29.8 StopLoss 01nov16) MAS:US 20 28.5
Maxim Integrated Products Inc. 39.16 MXIM 32 36.8
Buy-ins 22aug16 *100 shares each
Spectra Energy Corp. 41.67 SE 25 36.7
Buy-ins 22sep16 *100 shares each
Conagra Foods Inc. ($44.2 $topLoss 10nov16) CAG:US 29 35.8
General Mills Inc. ($60.5 $topLoss 21oct16) GIS 50 57.5
Pinnacle Foods Inc. ($47.1 $topLoss 10nov16) PF:US 28 48.7
Buy-ins 22oct16 *100 shares each
Analog Devices Inc. ($68.5 $topLoss 02dec16) 68.50 ADI:US 50 68.3
Cavium Incorporated 62.93 CAVM:US 40 52.9
Fortune Brands Home & Security Inc. 54.98 FBHS:US 30 50.0
Givaudan SA ADR ($36.4 $topLoss 10nov16) GVDNY:U
S
30 33.2

“
Update
22 December 2016
Buy-ins 22nov16 *100 shares each
Barnes Group Incorporated 47.45 B 25 43.7
Bank of New York Mellon Corp. 47.61 BK:US 35 44.3
eBay Inc. 29.54 EBAY:US 24 27.2
Givaudan SA ADR 35.69 GVDNY:U
S
30 33.2
USA Solo ROTH/IRA 2013 Portfolio Value
22 December 2016 (dividends inclu.) / 15 September 2013
79242.95 / 50912.00 Gain 39.3
months
55.63%
IRR pa 14.39%
Current 2013 Cash (after 22oct16 buy-ins) 192.00
Net Cash (StopLoss sales) *100 shares 6850.00
Current Cash pending Buy-ins *100 shares 7042.00
Buy-ins 22dec16 *100 shares each SF
(Risk Price)
Stoploss
Principal Financial Group Inc 58.42 PFG:US 46 53.2
ProLogis 51.90 PLD:US 37 47.2
Net Cash Forward 22oct16 *100 shares 59.00
Dividends earned 2651.95
Total Cash Available 2710.95
That is ‘idle’ cash in your cache, for which if
you did consider adding a 100 share block of
Inteliquent Incorporated.to your growing
wealth cache, Surprise, you got stopped out at
$18.50 02aug2016 but made $133.00 gain in
one month, very nice!! Buy back at the better
current price of $15.31, it was still a ‘likeable’
for investing in itself and innovation of product
even if the mavens ‘expected’ better Q2 profit,
you snacked on Zacks bet and earned yourself
a nice bottle of 2009 Lynch-Bages from
Zachy’s for your dinner.
Or, did you add to your cache from your
dividends cash by buying in another.
22oct16-Subtle rise this month as the rest of
the market turtled defensively, overcomes
lawyers claims of SEC misinformation, as
IQNT allies with ZipWhip shares investment.
22dec16
22.90
bought back
22aug16 @
15.31
IQNT 11 21.1

“
Update
22 December 2016
Jabil Circuit Inc. 22aug16 to 22dec16
JBL bought-in 22 aug16 @20.93 to your cache
For a very nice $147.00, 7.02% gain in one
month!
Goldman, Motley, Monkey and Zacks all came
late for the party. They get the leftovers.
But, you, Bubby Girrrly, you are buying
another bottle of 2009 Lynch-Bages at
Zachy’s?
22nov16- Modest decline with the market, but
Zack must have been listening? JBL repeats
same quarterly dividend 0.08 for 1.53% pa for
10nov16, better than bonds for your money, If
you have held, then that is your 2.25% gain in
three months.
22dec16 –yummy, 15.38% in four months, for
a yield of $322.00. Take a seasonal trip to
Zacks for 2 bottles of Ch.Lynch-Bages 2009.
Happy Festivus, with the rest of us!!
22dec16 @ 24.07
10nov16 @ 0.08
JBL 20 21.7
22dec16 @ 24.15
22 aug16 @ 20.93
Meanwhile, your herd of ‘likeables’ beauties
is nicely mooing your grass.
So, now that you have divested and are
enjoying your Lynch-Bages at your family
festive table, let’s play a new round of this
game again with your cache cash allocated on
current newbies in the ‘likeables’ pool.
StockTakers Fun & Games in the StockYards with: FDML, EEP, SYMC, TER, IPG, VLO, UIS, SIRI
Buy-ins 22dec16 *100 shares each SF
(Risk Price)
Stoploss
FederalMogul Corp 10.47 FDML 5 8.0
Enbridge Energy Partners LP CL A 25.08 EEP 17 18.8
Symantec Corp. 24.11 SYMC 16 21.7
Teradyne Inc 25.59 TER 16 23.8
Interpublic Group of Cos 23.58 IPG 17 22.2
Vale SA 7.79 VALE 8 6.4
Unisys Corporation 15.35 UIS 10 11.5
Sirius XM Radio Inc. 4.51 SIRI 4 4.2
The BST cache put in action
FESTIVUS with the rest of us 22dec2016 13648.00

“
Update
22 December 2016
Meanwhile, your herd of ‘likeables’ beauties
is nicely mooing your grass.
USA Solo ROTH/IRA 2013 Portfolio Value
22 December 2016 (dividends inclu.) / 15 September 2013
79242.95 / 50912.00 Gain 39.3
months
55.63%
IRR pa 14.39%
Stop-loss settings defend capital from unusual negative market volatility as in case of such irrational market
mavens’ pressures trading on ‘newspeak’ and gossip. Irrationally volatile swings occurred in the past 18
months as the stock prices sharply rebounded without regard for any real reason. New highs were recorded
in markets showing a 6% swing in days. Capital was defended as intended but you must rebuild the
portfolio from capital protective $topLoss sales with successive replacement buy-ins as shown above.
If you did not pay for the stop-loss positions you took the risk but can carry-on, grateful most rebounded
above their Risk Price and $topLoss, some are ‘zoomers’ some are clearly ‘laggards’ needing to be
shunned. However one sees clear example of our ‘likeables’2 of 3 tendency in wobbling mixed markets
with Solo50K BSTTM continued gaining. As market behaviours shifted sharply up and down risk aversion
pays with less risk and better gains. More stable trading seems to have returned, to contented mooing.
No one is claiming DJI to hit 20000 this December, as they did last year. But feeding frenzy has gripped on
promised infrastructure financing, the XYZ-millenials will be paying for the next 40 years as deficit debts
will balloon under the Yuge Welfare Queen from Queens. He has never minded debt so long as someone
else paid. That is GOP 101, per, Dick Cheney, “Deficits do not matter, Reagan taught us that.” Cut welfare
to single parent and child households and have States shove that Federal money into frat-boy bursaries and
marriage counselling for young upper middle class couples28
. Empty all your pockets, say good-bye to it.
That is the only change voted, worst of the same corporatocracy, the corporate command economy29
.
StockTakers helps small investors grow their wealth and attain liquidity with their own savings30
. To the
accredited investor StockTakers offers the 12% Bond, we do all the work and take all the risk.
Engage in “likeables” save your own bacon. Because we can, you can, too.
The conventional investment industry cannot prove any of their assumptions underlying their
methods. As we have shown, luck is all that they trade in. At their best 1.03 to 1 is just a coin-toss,
not adding value, or covering inflation and their fees – you lose. They cannot model a fair price or
value. Nonsense told often enough can even become politically correct, even as legal sinecure.
Equities that tend to hold their value and gain are better than cash. We like Capital Safety and
Liquidity because we have proven our risk aversion works, consistently obtaining both low risk
and AlphaSmartTM
high gain. Our Risk Price is what investors must know to defend their capital.
Market behaviour prefers the “likeables” trading above Risk Price and bids up their price. Our
method is proven. Because we can, you can31.
In our Modal Geometry32
theory of the firm we make only two assumptions, clearly as follows:

“
Update
22 December 2016
1. there is a balance sheet of the firm (that the rule of law governs its information is possibly
weak assumption but at an accuracy to at least the modest degree accountants are prepared
to be responsible for); and,
2. the firm will vigorously negotiate, “what it owns” (in order to stay in business “what is
owed to it” with “what it owes” and vice versa, to make the best of what it has, that is in its
trading connections).
The Modal Geometry theory of the firm has unfolded by rigourous observation of corporate ledgers
relation to balance sheets as business process33 adds value. That is aided with logic, epistemology,
and some powerful mathematics. You have proof in these TaxCharityTM portfolios performances.
Our reasons for having any equity in our portfolios are clear, concise and consistent. “likeables”
tendency demonstrates 2 of 3 gaining for the long term. This we show proof positive, in our
TaxCharityTM and BookBuilderTM portfolios continued gain.
Know What You Have. Have What You Know.
Our view is risk averse. Of course we earn our fees for taking all the risk. Mail us for our help.
Hans Goetze,
Architypes Inc. architypes@gmail.com and StockTakers Limited
Head Office
351 Chemin Boulanger
Sutton, PQ
J0E 2K0
450 538-1270
647 608-2176
1
http://www.slideshare.net/HansGoetze/the-grail-and-the-goat-portfolios
2
http://www.slideshare.net/HansGoetze/new-bank-tithe their historic high margin is their ‘private sales tax’ 6+prime 0.25%=6.25%
instead of 3.25% http://www.money-rates.com/prime-rate-history.htm “Historically, the prime rate is set 300 points above the federal
funds rate.” http://finance.yahoo.com/blogs/talking-numbers/222-years-interest-history-one-chart-173358843.html the average rate
has been 5.18% since the start of this country’s history. “Any time we break above it, we get into trouble,” says Louise Yamada.
3
http://www.slideshare.net/HansGoetze/medieval-diet raised reserve ratio lowers leverage of money multiplier of loans interest paid.
Banks response has been to double their margin to ensure ‘someone else is going to die, so bankers slurp the champagne and caviar’
4
http://www.bizjournals.com/birmingham/morning_call/2015/11/financial-stability-board-aims-to-stop-banks-from.html
5
http://www.slideshare.net/HansGoetze/new-bank-tithe the triumvirate tools, direct intervention in TARP; market intervention with
Quantitative Eating; and interest rate setting have been exhausted into sluggish growth by banks raising average margin from 3 to
6% benefiting themselves at society expense (as a 3% sales tax piled on as if an interest rate rise displacing FED role mediating
money market rate) to depress results of increased productivity on flat wages and low wage service jobs creation as corporate cash
ratio on balance sheets remains high reduced only by mergers at inflated stock prices for management bonuses
6
Class action suit has been filed on TD Bank for importing known defective coin counters in 2013 for a 20% skim of main street
retailers’ cash deposits; and, another suit for their breach of variable rate consumer credit contracts surcharging as racketeering.

“
Update
22 December 2016
7
Recent The Economist ‘Schumpeter’ column asks where false equivalences in management guru strategies are really going.
http://www.economist.com/news/business/21711909-what-martin-luther-did-catholic-church-needs-be-done-business-gurus-
management?cid1=cust/ednew/n/bl/n/20161215n/owned/n/n/nwl/n/n/n/8374158/n What and who do they serve with poison pills?
8
A. Sorkin, Too Big to Fail, 2009, Richard Fuld CEO at Lehman did this instead of innovating changes, p 126-132; C-suites share
bonus drives their concerned efforts, p 54-57 deal with Warren Buffet notes intent of J. Gutfreund at Salomon Bros bailout; R. Gasso
bonus on NYSE IPO, p52; Robert Steel at Goldman IPO p 67, Wachovia, p 409-17 181-3;. John Mack on Fuld’s merger discussion
p186-195; Erin Callan currying market on quarterly report, p 33-5; J. Dimon on Bear Stearns shareholders p.37; Timothy Geithner is
self- deceiving or duplicitous with the neoclassical redefinition of ‘The Invisible Hand’ p37 or who the bailout helped, italics p 409
9
http://retireplan.about.com/od/401kplans/a/Solo-401-K-Contribution-Limits-2013.htm
10
http://riskwerk.com/2015/03/05/pi-the-razors-edge-the-market-bubble/
11
http://riskwerk.com/2013/08/10/the-sp-tsx-hangdog-market-3/
12
J.K. Galbraith, The Great Crash, 1929, NY, 1954 & 1997, ISBN 0-395-85999-9, not regulators, bankers, (p120-41) or economists
(p143-54 knew more than populist romancing, that delusion covering what was later discerned in courts as rapacious banking
activity fueling speculation by investment trusts in highly leveraged options trading aided by bankers (supported by their taking Fed
rediscount loans after client deposits) made margin loans available, bankers who were also side-betting inside trading for themselves,
remedied to extent by 1933 & 34 Bank and SEC Acts as repealed in 1990’s lobby, ended in pantomimic shrugged ineptithet, “who
knew?’ claiming their ineptness behind the curtain where they are supposed having scrutiny their mandate. See also, R. F. Bruner &,
S. D. Carr, The Panic of 1907; for rapacious exploits J. P. Morgan used to kill trust-bank competition and add Tennessee Coal & Oil
to US Steel as uncovered in Pujo Congressional hearings, 1912, shortly before his death. Under pressure Federal Reserve Bank was
revived, by the banks and remains as adjunct tool of the banks paid for by public funds; H. Goetze, Midas Miasma, March 2011.
13
Hans Goetze, Feast or Famine, November 2015
14
Leading proponent of Modern Portfolio Theory, Peter L. Bernstein disaffected realized it was ‘exposing investors to risk while
productive way for making the professionals a living’ http://www.e-m-h.org/Bernstein1999.pdf
15
http://www.slideshare.net/HansGoetze/judge-by-company-they-keep
16
http://www.slideshare.net/HansGoetze/stock-takers-2012-q1-bite-on-dji
17
http://www.slideshare.net/HansGoetze/the-case-for-the-can-opener-edufeb12
18
http://riskwerk.com/2013/11/10/pi-cppib-2nd-quarter/
19
http://riskwerk.com/2013/11/15/bn-cpwr-compuware-corporation/
20
http://riskwerk.com/2014/10/10/bn-the-stock-market-is-always-cheap/
21
https://www.hedgefundresearch.com/mon_register/index.php?fuse=login&hi
22
http://riskwerk.com/2014/09/29/bn-blackrocks-broken-bond-market/
23
http://www.slideshare.net/HansGoetze/stocktakers-12-bond 5 year, 15 million callable, paying 2.874% quarterly to accredited
investors http://www.slideshare.net/HansGoetze/have-a-slice
24
https://riskwerk.com/2016/06/16/bn-the-w-syndrome/
25
http://riskwerk.com/2013/08/10/the-sp-tsx-hangdog-market-3/
26
https://en.wikipedia.org/wiki/The_Intelligent_Investor
27
http://riskwerk.com/2013/05/18/the-real-intelligent-investor/
28
NPR radio does journalism, seeks answers to tough questions. The MuddleStreamMedia do not do journalism. They sell salacious
gossip and fictions to grab eyeballs for advertisers and cannot claim rightful membership of the Fifth Estate, they verify nothing
http://www.npr.org/2016/08/22/490245470/20-years-since-welfares-overhaul-results-are-mixed the GOP states have subverted
TENF reform to deny the needy support, giving 75% of these federal funds to wealthier constituent programmes.
29
John Perkins, Confession of an Economic Hitman, https://www.youtube.com/watch?v=y-a6jzU0YgQ the book was found on
Osama Bin-Laden’s night table. Noam Chomsky fills out this ‘ice-berg’ https://www.youtube.com/watch?v=97eV9IW0sSk as Neil
De Grasse Tyson explains it https://www.youtube.com/watch?v=x8WYriay8MY
30
Hans Goetze, Open Letter to Deborah, 2015
31
http://www.slideshare.net/HansGoetze/the-grail-and-the-goat-portfolios
32
“The Modal Geometry of the Firm and the Balance Sheet Worth of the Trading Connections”, 2006.
33
http://riskwerk.com/2014/03/15/pi-the-process/

BlackSwanTradingTM 22dec16

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