BlackSwanTradingTM 22nov16

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Page 1 of 14 November 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 November 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.
Two and a half years late Uncle Draghi is now leading that charge to easing money market pain. Xi
and Putin are pondering how they will rule the mountains, valleys, even the Black and China Seas.
Saud and Khomeini divide the sands, as 3/4ths of mankind bow their heads to Abraham’s God.
Greek flirts with the dancing Bear brushing aside Merkel as the Euro banks ease pains. Christine
Lagarde has had a moral conversion and presses for some jubilee, before heading to court.
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. Meanwhile
our real economy is hard at its work to absorb their imprudences, exceed population growth and
save for a hopeful return. Consumers were demanding, firms were not reversing their balance sheet
cash loads to capital, capitalism. Firms that have not found their way to innovate, have chosen to
dispose rather than aggregate demand for more cash flow. At high cash and low interest rates many
chose to buy-back stock, propping price5
they can scoop their stock-options their moral hazard gets
bonused, again. The market mavens are always, ‘surprised’ yet again, it is their stock response.
The pundits’ paid-by-the-word business model wrote lots, but as gossips they never knew and never
do know, they are just highly motivated guessers. We have a guidepost, Risk Price (SF), we know
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. Solo-50K portfolio results in US tax law amendments6
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 rather than aggressive options that are normal to
our method. This Risk Price model of stock worth proves how robust our derived ‘likeables’ are.
"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 November 2016
Many may recall the rightly famous Black Swan crying fowl on her fund managers three years ago.
We sent her a Tweet 15 April 2013 to calm her down to our methods. We introduced her to our
portfolio we called 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 counterpoints Wall Street Pumpers.7
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 62.25% gain since 15apr13, with NO CHANGES. That is
disregarding our stoploss settings that had kicked out all but 3 of the original 19 stocks in 26
months.
We prefer capital safety, from very slow trading. With risk averse stoploss settings (instead of
collaring options as we prefer)8
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 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
they had known sooner of our work based in our new theory of the firm that proves 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
reality. 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 fees9
. They are not
changing their tools or sharpening those they have. They took the
“regular courses” required by a self-regulated industry driven only their
creative sales fiction10
. Seemingly, certification requires intensive study
in the key tools of Rhetoric - Adumbration, Subterfuge, Mystification
and Derogation. Humm, that sounds familiar.

“
Update
22 November 2016
“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
proven through the two recessions of the past 13 years. See our articles StockTakers’ 2012Q1 bite
on DJI11
. and The Counter Culture: Case for a Can Opener12. 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 CPPIB13 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 I was legally required to start paying 45 years
ago. Wall Street14
does not understand value or even price. When is any stock cheap enough15
?
Convention does not comprehend our ‘likeables’ behaviour as hedge funds fail to deliver16. But,
they are still skimming purses. Bonds are oh-so-ho-hum17
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
troubled waters of US stagnant 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 just capitalized sticky fingers gaming US
markets, not consumers ‘getting-on-with-their-lives’ hoping to earn income on savings.
Our public portfolios are proof, 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 with our new theory of the firm. We seek accredited
investors to whom we can offer StockTakers 12% Bond18
advancing what we have proven, we do
the work. We show proof in our methods, in real time portfolios.
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 cache19
. No crisis, no fees is their mantra. But risk
averse ‘likeables’ have nice tendencies and are very likeably coming back to current near doubling.
Portfolios Update List – 22 November 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

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Update
22 November 2016
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
(NB: stoploss settings not used to keep capital safe. We prefer risk aversion using collaring options)
BlackSwanSleepingTM Portfolio Value
(incl. Dividends) 22 November 2016 / 30 November 2012
83721.50 / 43465.00 Gain 47.7
months
92.62%
Current Cash
(ICE/NYX takeover 15nov13; HCBK takenover 02dec2015;
TE takenover 30jun16)
Dividends earned
8305.00
5212.50
IRR pa 17.93%
Current ‘Ready’ Cash, such a lot to be sitting
idle instead of making wealth in adding to your
portfolio, or BookBuilderTM’s for your
children
13517.50
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 92.62% for snoozing like Rip Van Winkle for 47.7 months, a net 17.93% IRR p.a. gain,
you got $13,517.50 (used-less) cash in your wallet and now rockets return and land on earth, standing-up.
In the long haul all but 2 of these 19 ‘likeables’ rebounded 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 20 months, on
newspeak unrelated to business of firms in the real economy. Managers make 90% of trading but they never

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Update
22 November 2016
know where they are or which way to go.
We have progressively tightened our stoploss settings to less than a standard deviation on a 52 week rolling
range20
of a stock’s price. That does incur an added ‘churn’ cost of buying after selling at the triggered
stoploss setting. That is a consequence of exercising Capital Safety. There are benefits to doing that.
Above no stoplosses were applied. Below we show the effect of the stoploss set only on quarterly basis
gained 31.94% more at the end of 47.7 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 again hit 103.47% achieving 19.56% 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
Buy-ins 22jan16 *100 shares each
Analog Devices Inc. ($49.3 StopLoss 08feb16) ADI:US 50 68.5
Autodesk Inc. ($46.6 StopLoss 05feb16) ADSK:US 49 68.4
AFLAC Inc. (N* $59.7 stepout 22feb16) AFL:US 58 66.9
Avery Dennison Corp. ($69.5 StopLoss 26oct16) 69.50 AVY:US 47 65.2
BB&T Corp. ($31.2 StopLoss 03feb16) BBT 32 42.3
Big Lots Inc. ($42.8 StopLoss 18may16) BIG:US 38 48.2
Diamond Foods Inc. ($37.2 StopLoss 28jan16) DMND 0.0
AGL Resources Inc. ($65.97 SO takesover GAS 30jun16) GAS:US 0.0
Hartford Financial Srvs. ($42.1 StopLoss 27jun16) HIG:US 24 45.7
Jarden ($49.2 StopLoss 08feb16, NWL takesover 18apr16) JAH:US 0.0
KLATencor Corp. ($67.5 StopLoss 12aug16) KLAC:US 50 74.7
Paychex Inc. ($46.7 StopLoss 08feb16) PAYX:US 47 53.5
Pinnacle Foods Inc. ($40.4 StopLoss 08feb16) PF:US 28 46.4
TE Connectivity Ltd. ($56.0 StopLoss 27jan16) TEL:US 35 62.2
Total System Srvs Inc, ($42.8 StopLoss 27jan16) TSS:US 30 45.7
Buy-ins 22feb16 *100 shares each
Conagra Foods Inc. ($44.2 StopLoss 09sep16) CAG:US 29 34.9
Comcast Corp. ($63.9 StopLoss 22oct16) CMCSA:US 56 65.6
CMS Energy Corp. ($38.7 StopLoss 02mar16) CMS:US 27 37.3
Deluxe Corporation ($66.4 StopLoss 29sep16) DLX 47 64.6
Diamond Foods Inc. (LNCS acquires DMND 01mar16) DMND 21 0.0
Edison International ($68.7 StopLoss 22mar16) EIX 58 64.8
Fidelity National Infrmtn Srvs ($57.9 StopLoss 24feb16) FIS:US 50 72.2
International Paper Co 71.68 IP:US 35 64.5

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Update
22 November 2016
Kroger Company ($35.6 StopLoss 22mar16) KR:US 22 30.1
Masco Corp. ($30.6 StopLoss 29apr16) MAS:US 20 29.0
Buy-ins 22mar16 *100 shares each
Linear Technology Corp. ($43.7 StopLoss 04may16) LLTC 40 56.5
Sysco Corp 54.10 SYY:US 32 49.2
Total System Services Inc. ($47.6 StopLoss 16aug16) TSS:US 30 45.7
Buy-ins 22apr16 *100 shares
Edison International ($70.2 StopLoss 04oct16) EIX 58 64.8
Kroger Company 33.47 KR:US 22 30.1
Buy-ins 22may16 *100 shares each
Iron Mountain Inc. ($34.1 StopLoss 06oct16) IRM:US 29 29.8
ProLogis Inc. ($50.6 StopLoss 05oct16) PLD:US 34 45.8
Rofin-Sinar Tech. Inc. (COHR takesover RDSTI 07nov16) 32.55 RSTI:US 32 29.9
Buy-ins 22jul16 *100 shares each
American Electric Power Co. ($66.2 StopLoss 16aug16) AEP 53 55.0
Bank of New York Mellon Corp 47.25 BK:US 35 44.9
Buy-ins 22aug16 *100 shares each
Mondelez International Inc. 43.40 MDLZ 39 40.8
Altria Group Inc. 64.21 MO 50 59.7
ServiceNow Inc. 86.23 NOW 80 71.3
Buy-ins 22sep16 *100 shares each
Conagra Foods Inc. ($44.2 StopLoss 10nov16 split 1285/1000) 44.20 CAG 29 34.9
Buy-ins 22oct16 *100 shares each
Autodesk Inc. 75.21 ADSK:US 49 68.4
Deluxe Corporation ($60.3 StopLoss 03nov16) 60.30 DLX 47 64.6
EastGroup Properties Inc. ($64.8 StopLoss 03nov16) 64.80 EGP 55 62.0
First Cash Financial Services 47.55 FCFS 40 42.8
Iron Mountain Inc. ($30.9 StopLoss 14nov16) 30.90 IRM:US 29 29.8
Solo 50K 2012 Portfolio Value (StopLoss tended -
incl. Dividends) 22 November 2016 / 30 November 2012
88432.90 / 43465.00 Gain 47.7
months
103.46%
IRR pa 19.56%
Current Cash (after 22aug16 buy-ins 228.00
Net Cash (after StopLoss *100 shares 30225.00
Current Cash pending Buy-ins *100 shares 30453.00
Buy-ins 22nov16 *100 shares each SF
(Risk Price)
Stoploss
International Game Technology 27.29 IGT 15 24.0
Landstar System Inc 80.45 LSTR 59 76.4
PayPal Holdings Incorporated 40.33 PYPL 37 37.9
Ross Stores Inc. 63.09 ROST 48 58.7
Williams-Sonoma Incorporated 54.93 WSM:US 49 43.4

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Update
22 November 2016
Yelp Incorporated 38.34 YELP 22 28.4
Net Cash Forward 22oct16 *100 shares 228.00
Dividends earned 5669.90
Total Cash Available 5897.90
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 market21
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
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.
22nov16 52.92
29aug16 +0.155
07nov16 +0.155
53.230
XYL:US 32 Vq
47.6
Vy
48.9
22jun16 45.910
5 mos
15.94%
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 report release will be 01nov16.
The market liked the quarterly report, gaining
share price right through election dyspepsia.
Solo 50K 2012 Portfolio Value (StopLoss tended -
incl. Dividends) 22 November 2016 / 30 November 2012
88432.90 / 43465.00 Gain 47.7
months
103.46%
IRR pa 19.56%
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

“
Update
22 November 2016
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
investing22
. Our tighter $toploss values reduced risk of loss while the bears grumbled. All of the
stocks in our public portfolios23
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.
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)

“
Update
22 November 2016
Analog Devices Inc 72.89 ADI:US 50 68.5
Automatic Data Processing Inc. 96.39 ADP:US 77 91.6
NASDAQ OMX Group Incorporated 65.58 NDAQ 35 59.7
Xylem Incorporated 52.92 XYL:US 32 47.6
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 45.5
Allegion PLC ($58.2 StopLoss 03feb16) ALLE:US 50 63.2
Broadcom Corp. ($54.67 BRCM buys-in shares 29jan16) BRCM 0.0
Conagra Foods Inc. ($44.2 StopLoss 09sep16) CAG:US 29 34.9
Campbell Soup ($60.1 StopLoss 21apr16) CPB 37 52.5
Delta Air Lines Inc. ($44.7 stopLoss 27jan16) DAL 45 44.0
Dow Chemical Co. ($41.1 stopLoss 20jan16) DOW:US 44 51.1
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 51.6
General Mills Inc. ($65.1 StopLoss 09sep16) GIS 50 57.7
Givaudan SA ADR ($38.8 $topLoss 21oct16) GVDNY:US 30 32.9
Mondelez International Inc. ($39.9 stopLoss 03feb16) MDLZ:US 39 40.8
Tyson Foods Inc CL A ($67.5 $topLoss 21oct16) TSN:US 35 50.7
Total System Services Inc. ($42.8 StopLoss 27jan16) TSS:US 30 45.7
Texas Instruments Inc. 74.40 TXN:US 70 67.7
Buy-ins 22feb16*100 shares each 0.0
Ameren Corp. ($47.0 StopLoss 21apr16) AEE:US 38 45.5
American Electric Power Co. ($61.3 StopLoss 01mar16) AEP 53 55.0
Cavium Incorporated ($55.0 StopLoss 18apr16) CAVM:US 40 46.4
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 40.8
Patterson Companies Inc. ($43.3 StopLoss 01mar16) PDCO 38 37.6
Sealed Air Corp. ($48.1 StopLoss 28apr16) SEE:US 30 43.2
Buy-ins 22mar16*100 shares each
Lululemon Athletica Inc. ($60.2 StopLoss 13may16) LULU:US 49 51.3
Southwest Airlines Co. ($42.9 StopLoss 04may16) LUV 39 43.3
Buy-ins 22apr16 *100 shares each
Ameren Corp. ($47.3 StopLoss 04oct16) AEE:US 38 45.5
Bemis Co Inc. ($49.6 StopLoss 13may16) BMS 40 46.3
CBRE Group Inc. ($25.8 StopLoss 27jun16) CBG 28 26.4
First Cash Financial Serv. ($47.4 StopLoss 09sep16) FCFS 40 42.8
Waste Management Inc. 69.57 WM:US 64 64.0
Buy-ins 22may16 *100 shares each

“
Update
22 November 2016
Bemis Co Inc 49.82 BMS:US 40 46.3
Southwest Airlines Co. (N* $36.28 StopLoss 22aug16) LUV:US 39 34.0
Altria Group Inc. 64.21 MO:US 50 59.7
Sealed Air Corp. ($43.4 StopLoss 27jun16) SEE:US 30 43.2
Buy-ins 22jun16 *100 shares each
Hormel Foods Corporation 35.86 HRL:US 39 31.6
Buy-ins 22jul16 *100 shares each
Lexmark International Inc CL A 40.41 LXK 36 35.6
Masco Corp. ($29.8 StopLoss 01nov16) 32.56 MAS:US 20 29.0
Maxim Integrated Products Inc. 40.07 MXIM 39 37.3
Buy-ins 22aug16 *100 shares each
Spectra Energy Corp. 42.00 SE 47 39.1
Buy-ins 22sep16 *100 shares each
Conagra Foods Inc. ($44.2 $topLoss 10nov16) 44.20 CAG:US 29 34.9
General Mills Inc. ($60.5 $topLoss 21oct16) GIS 50 57.7
Pinnacle Foods Inc. ($47.1 $topLoss 10nov16) 47.10 PF:US 28 46.4
Buy-ins 22oct16 *100 shares each
Analog Devices Inc 72.89 ADI:US 50 68.5
Cavium Incorporated 54.58 CAVM:US 40 46.4
Fortune Brands Home & Security Inc. 56.75 FBHS:US 30 51.6
Givaudan SA ADR ($36.4 $topLoss 10nov16) 36.40 GVDNY:US 30 32.9
USA Solo ROTH/IRA 2013 Portfolio Value
22 November 2016 (dividends inclu.) / 15 September 2013
78524.95 / 50912.00 Gain 38.3
months
54.22%
IRR pa 14.54%
Current 2013 Cash (after 22oct16 buy-ins) 232.00
Net Cash (StopLoss sales) *100 shares 15750.00
Current Cash pending Buy-ins *100 shares 15982.00
Buy-ins 22nov16 *100 shares each SF
(Risk Price)
Stoploss
Best Buy Co. Inc 46.60 BBY 26 42.9
Bank of New York Mellon Corp. 47.25 BK:US 35 44.9
eBay Inc. 29.06 EBAY:US 24 26.7
Givaudan SA ADR 35.35 GVDNY:US 30 32.9
Net Cash Forward 22oct16 *100 shares 156.00
Dividends earned 2486.95
Total Cash Available 2642.95
That is ‘idle’ cash in your cache, for which if
you did consider adding a 100 block of
22nov16
22.77
bought
IQNT 11 20.3

“
Update
22 November 2016
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 is 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.
back
22aug16 @
15.31
Jabil Circuit Inc. 22nov16
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.
22nov16
21.40
20.93
@22 aug16
JBL 20 19.5
USA Solo ROTH/IRA 2013 Portfolio Value
22 November 2016 (dividends inclu.) / 15 September 2013
78524.95 / 50912.00 Gain 38.3
months
54.22%
IRR pa 14.54%
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.

“
Update
22 November 2016
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 couples24
. Empty all your pockets, say good-bye to it.
That is the only change voted, worst of the same corporatocracy, the corporate command economy25
.
StockTakers helps small investors grow their wealth and attain liquidity with their own savings26
. 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 can27.
In our Modal Geometry28
theory of the firm we make only two assumptions, clearly as follows:
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 process29 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.

“
Update
22 November 2016
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
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 note notion on 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 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
6
http://retireplan.about.com/od/401kplans/a/Solo-401-K-Contribution-Limits-2013.htm
7
http://riskwerk.com/2015/03/05/pi-the-razors-edge-the-market-bubble/
8
http://riskwerk.com/2013/08/10/the-sp-tsx-hangdog-market-3/
9
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
10
http://www.slideshare.net/HansGoetze/judge-by-company-they-keep
11
http://www.slideshare.net/HansGoetze/stock-takers-2012-q1-bite-on-dji
12
http://www.slideshare.net/HansGoetze/the-case-for-the-can-opener-edufeb12
13
http://riskwerk.com/2013/11/10/pi-cppib-2nd-quarter/
14
http://riskwerk.com/2013/11/15/bn-cpwr-compuware-corporation/
15
http://riskwerk.com/2014/10/10/bn-the-stock-market-is-always-cheap/
16
https://www.hedgefundresearch.com/mon_register/index.php?fuse=login&hi
17
http://riskwerk.com/2014/09/29/bn-blackrocks-broken-bond-market/
18
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
19
https://riskwerk.com/2016/06/16/bn-the-w-syndrome/
20
http://riskwerk.com/2012/09/22/popovicius-volatility/
21
http://riskwerk.com/2013/08/10/the-sp-tsx-hangdog-market-3/
22
https://en.wikipedia.org/wiki/The_Intelligent_Investor
23
http://riskwerk.com/2013/05/18/the-real-intelligent-investor/
24
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.

“
Update
22 November 2016
25
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
26
Hans Goetze, Open Letter to Deborah, 2015
27
http://www.slideshare.net/HansGoetze/the-grail-and-the-goat-portfolios
28
“The Modal Geometry of the Firm and the Balance Sheet Worth of the Trading Connections”, 2006.
29
http://riskwerk.com/2014/03/15/pi-the-process/

BlackSwanTradingTM 22nov16

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