Book buildertm 30sep15

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Page 1 of 14 September2015 © 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.
Defending Your Capital
BookBuilder™ is about Simply Keeping It, Yours
30 September 2015 Update
Our BookBuilderTM
portfolios aim at building the children's education fund so they do not leave
school burdened like a borax mule with vitality sapping debt. Build your own deal book. Run your
online trading income account with our “likeables” because you need "to save your own bacon."
Several quarters in a row now, the ‘professional’ portfolio managers have shown they are confused
do not know. It is proverbial to learn and gain wisdom, Proverbs 3:31 in fact, but provably the
portfolio management class have no wisdom, only their confusion1
. Brute methods of pension,
insurance, ETFs and mutual funds. blinked and lost in one day $182 Billions, $7 Trn since May, of
your money they control in pension funds, insurance and banking investments, your money, in their
bubble2
. Who blinked and when is their entire story of playing Liar’s Poker with your money.
All our charity portfolios need to reload and rebuild. Fight the foolishness buy back at less than
the stoploss and greater than SF. Hold’em is the best strategy when such panicked movers play,
‘Ain’t Mis-behavin’ Wink’n, Blink’n and Naughty as traders’ reaction to wild externalities of their
gossip. Balance sheet fundamentals of what makes ‘likeable’ firms slowly change. Stop-loss on 52
week range normally is a sensible way to auto-pilot and save your cash in price-wars by other
means against, shale oil; OPEC attack on ISIS revenues from rogue wells held in Iraq and Syria;
and, the dilution of Quantitative Eating. China only slipped to 3% growth. India’s median income is
now 20% higher than Russians. There are a lot more Indians joining the muddle class. Wait until
those Russians figure out Putin-ocracy is sending them all back to Siberia. Putin needs to find new
tales to wag and divert attention from his 110 cronies skimming a third of Russia’s wealth, daily.
BookBuilder™ is about Simply Keeping It, Yours. Keeping it yours is your intention when you
save. We enable you to build value. Build your own deal book in your online trading account to
keep your capital safe and growing in value. Keep your money and obtain a hopeful return, yours.
The financial products industry covets spending your savings for themselves. They
do not see your pocket as their restraint, rather their opportunity. Do not loan them
your pocket-book on empty promises they have never delivered. Avoid these traps
laid by financial products conspiring to artfully exploit the small investor of hard-
won savings. These Artful Dodgers are just skilled pick-pockets, in suits bought
with your cash. Avoid these ‘Goats’ that come to just eat your grass, graze your
wallet, and leave. Don’t give them your wallet. “Save your own bacon."
"for the value of money is also perishable." Jean-Baptiste Say , 1803
What investors expect of financial products is a way to secure their hard earned savings while
growing their wealth. The circularity of ‘investment talk’ is what Alice gets at the Tea Party.
“Take some more tea,” the March Hare said to Alice very earnestly.
“I’ve had nothing yet,” Alice replied in an offended tone: “so I ca’n’t take more.”
“You mean you ca’n’t take less,” said the Hatter: “it’s very easy to take more than nothing.”
Pretty much, they have taken it all before you arrived. “Alice, meet Dr. Artful Dodger.”

“
Holding on to the value of what you have created is fundamental. Ancient wisdom tells us the feast
we enjoy today will very possibly move off our table. You build for a hope filled future when you
have enough to do what is in your heart and skills to take-on doing for yourself. Cash only has a
temporary value that time erodes. Cash is powerful only when it is engaged in business processes
creating more wealth, adding value. Cash must be invested to hold and grow, by adding value.
But, what can the small investor do with $5,000? We show, because, we can.
The Risk Price is our benchmark measure against the share price. It is our fundamental arbiter in
segregating the B-class of companies worthy of investment. The $toploss settings we publish for
these public portfolios should do the job of saving equity from serious harm due to their gossip
induced volatility. We shun the likely rude wealth takers, the N-class, that are not “likeables.” We
reasonably analyse balance sheets to identify and shun those doppelgangers of corporate fiction.
You want to keep your money, hopefully obtain return above the rate of inflation. Our “likeables”
stocks portfolios do this while being risk averse. That is indeed why they are likeable. “Likeables”
is our proven investment method built on new theory of the firm3
. The full history of trades made in
these portfolios in real time is shown. Our charity portfolios are proof of long term gain!
BookBuilder™ portfolios are of just our lowest cost "likeables" our methods identify. Because we
can, our proprietary information is given freely in charity to enable small investors to keep their
savings growing into their wealth. Our method is proven in long term portfolios earnings
consistently exceeding inflation. Grow your savings for children’s tuition, nest building or
retirement income. Because you need to “save your own bacon" run your online trading account
Our calculated Risk Price (SF) is provably the least stock price at which the company is “likeable”
so we can use “risk aversion”. Equities trading above our SF benchmark Risk Price are those
investors tend to like. Two of three continue to rise due investors’ behaviour. These are “likeables”
revealed by their Risk Price. By using the mean 52 week price range to set the $topLoss on each,
usually, the ‘laggards’ will be cut before they damage capital safety. In these gossip driven bubbles
we may need to lower that ratio to avoid their bubbles in the bath water that is the market. By
knowing the Risk Price as a bottom reference we can also exit and buy-back at a lower price to
recover. Then continue to make substantial gains. This is what we do when using the more active
and attentive “collaring options4
” to buy lower. By reinvesting cash to capital the portfolio grows in
value through the long term while always remaining "as good as cash” liquid whenever time comes
you need some cash from running your income portfolio.
Throughout the year confused portfolio managers moved the massive holdings they claim in your
name on news and gossip churn they and their confrere’s make-up. They are like the Mock Turtle
“only took the regular courses” but have no proof. Volatility they and their confreres make has
confused them day after day on ever “surprising news” because they never know where they are.
Convictions they have, and plenty more5
are now finally indicted, but no reasons can they offer, and
no help for you comes from them, just their litigation bill, you cover. Those Artful Dodgers’
baseless gambling with your money always pays them first, for their “reasons” that do not help you.

“
Their rumours ping-pong, nervous and unsure. They did not read or connect dots even when told,
“Quantitative Easing will continue until 6.5% unemployment is obtained.” Taper-talk fear was just
hot-air, market maven newspeak, volatility6
tales wagging dogs, making gossip. The ‘dollar per
word’ market mavens floated on Quantitative Eating. Now they fret over when the Fed will start
raising rates. Whereas if recently they read, “when NAIRU hits 5%.” Yeah, the Fed said rates will
rise when they see ‘full’ employment. One critic said, “no crisis, no trades, no money made.”
Current ‘Grexit’ crisis extends back to British, Dutch, French and German banks pursuing high
profits in derivative backed loans to Greek firms in 2010. That was as Germany was advancing
legislation to end such risky derivatives7
backed loans. It is those loans which IMF and ECB took to
save the banks €214 Bn loses on their risky business. Those same ‘saved’ banks have been found at
core of scandals in, Russian money laundering, LIBOR, EUBOR, FX, facilitating tax evasion ...
Almost unnoticed was quick exit this month from a 40 year bank career of a CEO centred in these
‘see no evil’ monkey businesses. By law, the public is liable for PLC defaults, as greatest of
unsecured creditors. Which public, whose public pockets pay bank folly is the question at stake.
Even as restraints on derivatives were being posed, Germany stimulated its own firms, funded
research and innovation; and, supported wages through training programmes. The Euro Troika was
saving its banks’ from losses on risky loans they made on the PIIGS victimized by profligate
bankers seeking high profit. Austerity, tightening the noose never defeated recession. Even before
Keynes, US President Herbert Hoover in 1931 proposed international financial debt moratorium to
fight the Great Depression. Banker Mellon did not agree. Cash must be engaged in effective
business processes to gain from value added by valiant business enterprises. Demand grows
economies. The business process creates ‘new money’ covering debt being carried. Austerity hangs
everyone out to dry.
Cash on balance sheets will eventually need to be allocated to serving new demand and innovation
creating jobs in the real economy as consumers spend and demand. Managers using QE cashroll for
buying-in shares just helps them to their share bonuses, not help to shareholders. Despite long
evident strong real growth, capitalization in jobs creation by innovation has lagged, along with
political leadership overwrought on fugitive tales from their dog-walkers. Some mavens called DJI
to hit 2000, by December 2014! The real economy is doing well but more slowly than those fast-
buck-per-word mavens want for service fees hand-over-fist. The dollar-per-word market mavens
and Artful Dodger portfolio managers have no reasons. It is just gossip driving their gambles with
your money, when absent a rigged game. No crisis, no trades, they make no money!
All 4 of StockTakers NYSE portfolios had doubled in less than 3 years. As our public charity
portfolios openly show our sensibly reasoned balance sheet analysis of firms managing their
business debt structure is proven method. Rooted in oil glut the TSX struggles to lesser gain, but
can grin too. We call that proof! Our method tends to 26% IRR gains. Recently, these are outlier
results in mixed markets confused by conventions, newspeak, jargon and aphorisms of the confused
that do not know, and will not bother to learn.

“
We show our risk averse, capital safe, liquid investing based on Risk Price works very likably. All
the gossip and volatility the ‘dollar-per-word’ market mavens have mumbled is their business
model ‘news’ for your trading. Those mavens whacked markets setback the August 2014 portfolios,
just as happened in Q1-2013, trimming our outlier results. ‘Be Calm and Carry-on’ $toploss resets
ride out waves market mavens make. Our simple risk averse $toploss does well for the long term.
Cash is powerful only when it is engaged in business, our social processes creating value, building
and adding wealth. Cash must be invested as capital to hold and grow value, adding to your wealth.
Let others chase the gamblers’ risk/reward model that rarely works. So called “financial advisors”
at institutions are sellers, Capital Appreciation Robbers, CAR sellers of ‘funky chicken’ financial
products for fee-taking leaving none for you. Do not give those Artful Dodgers your wallet
Less risk for more reward sounds unusual but “likeables” prove risk aversion is rewarded. Our
proprietary information given in charity empowers small investors to “save your own bacon.” But
you can be charitable. Consider paying-forward our charity by donating our usual 2&20 fee to
social charity. Good social and corporate works deserve8
your help.
We seek accredited investors to advance the impact of what we have proven. Meanwhile enjoy our
charity providing TaxCharityTM
and BookBuilderTM
portfolios in public service, because we can.
Use our proprietary “likeables” information for the small investor to save your own bacon. Set the
$topLosses indicated and get on with earning income from your business you know best. So,
expand your portfolio. You are ready for riding through more waves from comic behaviours in
politics infused market gossip. Grow your wallet, ride those waves. You know how to work and
save, so “save your own bacon” with our “likeables.” Accredited investors should call us.
BookBuilderTM
Portfolios Update List – 31 August 2015
NYSE BookBuilderTM
"likeables" Firms
(30 November 2012)
Market
Price
Symbol SF
(Risk Price)
Stop/Loss
(See prior posts for early trading history)
Buy-ins 28feb15 *100 shares each
Brocade Comm. Systems Inc. ($11.4 stopLoss 30apr15) BRCD:NASDAQ 8 9.3
Huntington Bancshares Inc. ($10.7 stopLoss 24aug15) HBAN:NASDAQ 10 9.8
KCG Holdings Inc. ($12.7 stopLoss 26jun15) KCG 11 10.8
Peoples United Fin. Inc. ($15.8 stopLoss 17aug15) PBCT:NASDAQ 14 15.8
Staples Inc. ($16.7 stopLoss 02mar15) SPLS:NASDAQ 14 14.0
Wendys International Inc. ($10.3 stopLoss 29apr15) WEN:US 8 7.7
Xerox Corp. ($12.9 stopLoss 10mar15) XRX 12 11.9
Buy-ins 31mar15 *100 shares each
Boyd Gaming Corp, ($13.1 stopLoss 17apr15) BYD 10 15.6
Opko Health Inc. ($15.8 stopLoss 09jun15) OPK 9 15.8
Radian Group Inc. ($15.7 stopLoss 24aug15) RDN:US 13 16.7
Buy-ins 30apr15 *100 shares each
Bank o f America ($16 stopLoss 24aug15) BAC 14 16.3

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Rite Aid Corp. ($7.6 stopLoss 18sep15) RAD:US 6 5.1
Two Harbors Invest. Corp. ($10.2 stopLoss 26jun15) TWO 10 9.8
Buy-ins 30jun15 *100 shares each
Boyd Gaming Corp. ($15.3 stopLoss 28sep15) 15.60 BYD 10 15.6
Hudson City Bancorp Inc. ($9.6 stopLoss 24aug15) HCBK:NASDAQ 9 9.6
Logitech International S.A. ($14.5 stopLoss 07jul15) LOGI:NASDAQ 8 11.8
Buy-ins 31jul15 *100 shares each
ChemoCentryx Inc. ($7.6 stopLoss 24aug15) CCXI 6 7.3
ShoreTel Inc. 7.47 SHOR 6 7.0
Buy-ins 31aug15 *100 shares each
American Capital Ltd. ($13.0 stopLoss 15sep15) 13.00 ACAS 13 13.0
ChemoCentryx Inc. ($6.0 stopLoss 16sep15) 6.00 CCXI 6 6.0
Hudson City Bancorp Inc. ($9.0 stopLoss 24sep15) 9.00 HCBK 9 9.0
Janus Capital Group Inc 13.60 JNS 10 13.1
Logitech International S.A. 13.11 LOGI 8 12.2
Peoples United Financial Incorporated 15.73 PBCT 14 14.5
NYSE BookBuilderTM
2012 Portfolio *100
Shares (incl. Dividendsª) 30 September 2015 / 30 November 2012
9959.20 /5460.00 Gain 34.0
months
82.40%
Net Cash Forward * 100 (after buy-ins 31jul2015) 235.00
Net Cash * 100 (after stoploss BYD ACAS CCXI HCBK
RAD)
5110.00
Net Current Cash Forward * 100 5345.00
Buy-ins 31sep15 *100 shares each
Brocade Communications Systems Incorporated 10.38 BRCD:NASDAQ 8 9.3
Callaway Golf Co 8.35 ELY 7 7.5
Huntington Bancshares Inc 10.60 HBAN:NASDAQ 9 9.8
Hudson City Bancorp Inc 10.17 HCBK:NASDAQ 9 9.6
Net Cash Forward * 100 (after no buy-ins 30apr15) 36.00
NYSE BookBuilderTM
2012 Portfolio *100
Shares (incl. Dividendsª) 31 August 2015 / 30 November 2012
11075.10 /5460.00 Gain 33.0
months
102.84%
ªIncluding total Cash Dividends Income earned 264.80
Stop-loss settings intend to defend capital from unusual negative market volatility in case of such irrational
market mavens’ pressures of Q3-2014 through Q3-2015. 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.
We have progressively tightened our stoploss settings to less than a standard deviation on a 52 week rolling
range9
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.

“
(Pending Need for Change or investing new Savings)
MGIC Investment Corporation 9.26 MTG:US 8 8.2
Mitsubishi UFJ Financial Group Inc. ADS 6.09 MTU:US 6 5.5
Smith & Wesson Holding Corporation 16.87 SWHC:US 12 14.7
Vigilance while these below are nearing but still trading below Risk Price and not yet “likeables” so are
still not risk averse buy-ins.
Alcoa Inc 9.66 AA:US 10 15.5
Camtek Limited 2.58 CAMT 3 3.2
LM Ericsson Telephone Company 9.78 ERIC:NASDAQ 11 10.9
New NYSE 2013 Portfolio Buyins *100 shares
(31 August 2013 )
4397.00
Catalyst Pharma. Partners Inc. ($3.3 stopLoss 24apr15) CPRX 3 3.0
Callaway Golf Co. ($9.3 stopLoss 14may15) ELY 7 9.3
Frontier Comm.Corp. ($7.6 stopLoss 06mar15) FTR:US 5 5.0
Lee Enterprises Inc. ($3.0 stopLoss 17apr15) LEE:US 3 3.0
MFA Financial Inc. ($7.8 stopLoss 08may15) MFA 7 6.8
MGIC Investment Corp. ($10.2 stopLoss 21aug15) MTG:US 8 10.2
Monster Worldwide Inc. ($6.0 stopLoss 28apr15) MWW 6 5.2
Northwest Biothera. Inc. ($7.8 stopLoss 06may15) NWBO 6 4.4
BAE Systems PLC ORD ($7.8 stopLoss sold 01may15) BAESF:US 6 6.4
Polycom Inc. ($12.4 stopLoss 22jun15) PLCM:NASDAQ 11 11.3
Buy-ins 31may15 *100 shares each
Atmel Corp. ($8.2 stopLoss 29jul15) ATML:US 7 7.0
Lloyds BankingGroup PLC ADS ($5.2 stopLoss 07jul15) LYG:US 5 5.2
Mitsubishi UFJ F’l Grp Inc. ADS ($7.1 stopLoss 16jun15) MTU:US 6 7.1
SLM Corp. ($9.6 stopLoss 15jul15) SLM 6 6.7
KCG Holdings Inc. ($12.1 stopLoss 08jul15) KCG 11 10.8
MFA Financial Inc. ($4.2 stopLoss 24aug15) MFA 7 6.8
BAE Systems PLC ORD ($7.3 stopLoss 12aug15) BAESF:US 6 6.4
Callaway Golf Co. 8.35 ELY 7 7.5
Rite Aid Corp. ($7.5 stopLoss 18sep15) 7.50 RAD:US 6 5.1
Supervalu Inc. ($9 stopLoss 04aug15) SVU:US 7 6.1

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BAE Systems PLC ORD ($6.6 stopLoss 04sep15) 6.60 BAESF 6 6.4
MFA Financial Inc. ($6.8 stopLoss 28sep15) 6.80 MFA 7 6.8
Perceptron Inc. ($9.0 stopLoss 23sep15) 9.00 PRCP 9 9.0
Supervalu Inc. ($7.5 stopLoss 23sep15) 7.50 SVU 7 6.1
BookBuildersTM
2013 NYSE Current Portfolio
(including dividendsª) 30 September 2015 / 31 August 2013
4914.60 /4397.00 Gain 25.0
months
11.77%
Net Cash Forward * 100 shares 30jun15 Buy-ins 207.00
Net Cash * 100 (after $toploss BAESF MFA PRCP RAD
SVU)
3740.00
Net Current Cash * 3947.00
Achillion Pharmaceuticals Incorporated 6.91 ACHN 2 4.5
Carrefour SA ADR 5.95 CRRFY:US 5 5.5
Monster Worldwide Inc 6.42 MWW 6 5.2
Office Depot Inc 6.42 ODP 4 5.3
Rite Aid Corporation 6.07 RAD:US 6 5.1
ShoreTel Incorporated 7.47 SHOR 6 6.8
Net Cash Forward * 100 (after buy-ins 31jul2015) 207.00
BookBuildersTM
2013 NYSE Current Portfolio
4914.60 /4397.00 Gain 25.0
months
11.77%
BookBuildersTM
New NYSE 2014 Portfolio
Set 31 August 2014
4925.00
Boulder Brands Inc. (stopLoss sold 01oct14) BDBD:US 14 14.4
Callaway Golf Co. (stopLoss sold 07oct14) ELY 7 7.5
Lloyds BankingGroup PLC ADS (stopLoss sold 02sep14) LYG:US 5 5.2
Office Depot Inc. ($8.4 stopLoss 17jul15) 8.40 ODP:US 4 5.3
Sangamo BioSciences Inc. (stopLoss sold 15sep14) SGMO:US 13 13.1
Sirius XM Radio Inc. ($3.7 stopLoss 30jun15) SIRI 3 3.5
Alcoa Inc. (stopLoss sold 15oct14) AA:US 10 15.5
Camtek Limited. (N* $2.87 stoploss 31may15) CAMT 3 3.2
Hudson City Bancorp Inc. ($9.7 stopLoss 06apr15) HCBK:NASDAQ 9 9.6
JA Solar Holdings Co. Ltd ADS ($9.5 stopLoss 18may15) JASO:NASDAQ 8 8.0
Lloyds Banking Group PLC ADS ($5.2 stopLoss 07jul15) LYG:US 5 5.2
Rite Aid Corporation 7.50 RAD:US 6 5.1

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Brocade Comm. Sys. Inc. ($11 stopLoss 09jul15) BRCD:NASDAQ 8 9.3
BAE Systems PLC ORD ($7.6 stopLoss 05jun15) BAESF:US 6 6.4
Catalyst Pharma. Partners Inc. ($4.3 stopLoss 07aug15) CPRX 3 4.3
ChemoCentryx Inc. ($7.6 stopLoss 24aug15) CCXI 6 7.3
Semler Scientific Inc. ($3.1 stopLoss 05jun15) SMLR 3 3.9
Hudson City Bancorp Inc. ($9.6 stopLoss 24aug15) HCBK:NASDAQ 9 9.6
Himax Technologies Inc. ($6.5 stopLoss 21aug15) HIMX:US 7 7.0
Morgan Hotel Group Co. ($5.7 stopLoss 04aug15) MHGC:NASDAQ 6 6.3
Sirius XM Radio Inc. ($3.7 stopLoss 24aug15) SIRI:NASDAQ 3 3.5
ChemoCentryx Inc. ($6.0 stopLoss 16sep15) 6.00 CCXI 6 6.0
Catalyst Pharma Partners Inc. ($3.0 stopLoss 30sep15) 3.00 CPRX 3 3.0
Frontier Comm Corp. ($4.7 stopLoss 29sep15) 4.70 FTR 5 4.7
Hudson City Bancorp Inc. ($9.0 stopLoss 01sep15) 9.00 HCBK 9 9.6
Lloyds BankingGroup PLC ADS 4.60 LYG 5 5.2
SLM Corp. ($7.6 stopLoss 24sep15) 7.60 SLM 6 6.7
BookBuildersTM
(including dividends*) 30 September 2015 / 31 August 2014
4271.60 /4925.00 Gain 13.0
months
86.73%
Net Cash Forward * 100 shares 31jul2014 Buy-ins 11.00
Net Cash * 100 (after $toploss CCXI CPRX FTR HCBK
RADSLM)
3780.00
Net Current Cash 3791.00
BAE Systems PLC ORD 6.85 BAESF:US 6 6.4
Northwest Biotherapeutics Incorporated 6.25 NWBO 6 4.4
Office Depot Inc 6.42 ODP 4 5.3
Sirius XM Radio Inc. 3.74 SIRI 3 3.5
SLM Corporation 7.40 SLM 6 6.7
Supervalu Inc 7.18 SVU:US 7 6.1
Net Cash Forward * 100 (after buy-ins 30sep2014) 11.00
BookBuildersTM
(including dividends*) 30 September 2015 / 31 August 2014
4271.60 /4925.00 Gain 13.0
months
86.73%

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Engage “Likeables” and save your own bacon.
Equities that tend to hold their value and gain are better than cash. We like risk aversion, Capital
Safety and Liquidity because we have proven that works, for low risk and high AlphaSmartTM
gains.
For small savings it is needful but arbitrary you feed at the low price-point end of "likeables" found
in the market. These “likeables” are used in the BookBuildersTM
fitting criteria for small investor
portfolio needs. What is essential in your portfolios is that you buy a full complement of at least
eight or preferably more equities at any time. (We prefer equal blocks of 100 shares. That allows us
'collaring options' an aggressive exit strategy to maximize gains (instead of passive stop-loss) as
many “likeables” rebound ‘collaring’ lets us hold through volatility and earn more gains).
Do not expect perfect of Risk Price. Tendency for gain is not the same as pin-the-point on the mule
as most claim encourage or seek. Let others chase the gamblers’ risk/reward model. Risk Price is
what investors need to know. Risk aversion comes of a diverse range of our “likeables” in your
portfolio. Our proprietary “likeables” information allows small investors to save your own bacon.
TSX 2012 BookBuilderTM
“Likeables”
Portfolio (set 30 November 2012)
Market
Price
Symbol SF
(Risk Price)
Stop/Loss
Air Canada ($11.1 stopLoss 021aug15) AC.TO 8 12.1
Chartwell Snrs Hsg REIT ($12.2 stopLoss 04mar15) CSH.UN 10 12.2
Element Financial Corp. ($18.0 stopLoss 18sep15) 18.00 EFN 12 18.0
Fortuna Silver Mines Inc. ($5.2 $topLoss 05mar15) FVI 5 5.4
NuVista Energy Ltd.( N* $7.7 stopLoss 31may15) NVA 8 8.0
Advantage Oil & Gas Ltd. ($7 stopLoss 10aug15) AAV 5 5.0
Martinrea International Inc. ($13.1 stopLoss 09jul15) MRE 10 11.0
RONA inc. ($15.2 stopLoss 19jun15) RON 12 15.2
Superior Plus Corp. ($13.3 stopLoss 17jun15) SPB 12 12.1
Ballard Power Systems Inc. ($2.4 stopLoss 02jul15) BLD 2 2.1
NovaGold Resources Inc. ($4.1 stopLoss 02jul15) NG 4 4.0
CAE Inc. ($14.7 stopLoss 08jul15) CAE 13 14.7
Cott Corporation. 14.42 BCB 9 11.1
Advantage Oil & Gas Ltd. ($7 stopLoss 10aug15) AAV 6 6.6
Choice Properties REIT ($11.1 stopLoss 21aug15) CHP.UN 11 11.1
Chorus Aviation Inc. (($5.7 stopLoss 21aug15) CHR.B 7 5.7
Heroux-Devtek Inc. 11.83 HRX $10 10.8

“
BlackBerry Limited. ($9.0 stopLoss 25sep15) 9.00 BB 8 9.0
Chorus Aviation Inc. 5.47 CHR.B 3 5.0
Extendicare Incorporated 8.01 EXE 7 7.3
Martinrea Intl Inc. ($11.0 stopLoss 22sep15) 11.00 MRE 10 11.0
NovaGold Resources Inc. 4.83 NG 4 4.0
Premier Gold Mines Limited 2.25 PG 2 2.0
.
Portfolio Value
(including dividendsª) 30 September 2015 / 30 November
2012
8943.20 /6391.00 Gain 34.0
months
39.93 %
Net Current Cash after 31aug15 Buy-ins *100 shares 11.00
Net Cash * 100 (stoploss EFN BB MRE) 3800.00
Net Cash for Buy-ins *100 shares 381100
Buy-ins 30sepl2015 *100 shares each
Cott Corporation 14.42 BCB 9 12.1
Choice Properties REIT 11.50 CHP.UN 10 11.0
Martinrea International Inc 10.56 MRE 10 9.2
Net Current Cash after 31aug15 Buy-ins *100 shares 163.00
Portfolio Value
(including dividendsª) 30 September 2015 / 30 November
2012
8943.20 /6391.00 Gain 34.0
months
39.93 %
Removal of Quantitative Eating combined with oil and gas bloat has made unusual down-side
volatility in all markets this past year. To that adjustment now older Greece and newer China
issues added spooky gossip, a ‘sea-change’, of stoplosses were triggered again in June and August.
Balance sheets did not flip-flop, but portfolio managers did, unrelated to ‘fundamentals’ of value
investing10
. Our tighter $toploss values reduce risk of loss. All of the stocks in our public
portfolios11
simply rebounded. Most, can still be bought back for less than they stopped out weeks
ago even as those regained 20% faster than the market. Take the bonus and buy those back.
However we do not recommend chasing after a much higher price of highly volatile zoomers some
regaining 400% faster than markets. You would have to add money in most such cases chasing
that momentum. Besides zoomers are more appropriate to aggressively vigilant use of collaring
options. Skimming for advantageous collaring options to protect your capital takes time, instead of
working at what you now 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

“
not time to loosen the easily managed $toploss values to recover, but again we must rebuild for
gain hopeful calmer markets will soon return. Price has no mass - gravity like gossip fluctuates.
Most of North America 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
peoples 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 investment are needed to ‘credit float’ warranted investment in
valiant business processes and enterprises in the real economy. Austerity withdraws ‘credit float’
from real economy enterprises creating worth and wealth in the business process, making ‘money’
to put in our pockets and allocate as we wish or save in ‘likeable’ equities hopeful of gain.
New TSX 2013 Portfolio Buyins *100 shares
Set 31 August 2013
6282.00
Buy-ins 28feb2015*100 shares each
Air Canada ($11.1 stopLoss 021aug15) AC.TO 8 12.1
Chorus Aviation Inc. ($5.7 stopLoss 21aug15) CHR.B 3 6.0
Chartwell Snrs Hsg REIT ($12.2 stopLoss 04mar15) CSH.UN 10 12.2
Martinrea International Inc. ($13.1 stopLoss 09jul15) MRE 10 13.1
Fortuna Silver Mines Inc. ($5.2 $topLoss 05mar15) FVI 5 5.4
Nevsun Resources Ltd. ($4.7 stopLoss 16jun15) NSU 4 4.0
Buy-ins 31mar2015*100 shares each
Celestica Inc. 17.18 CLS 10 15.8
Element Financial Corp. ($18.0 stopLoss 18sep15) 18.00 EFN 12 18.0
Extendicare Inc. ($7.5 stopLoss 26may15) EXE 7 8.3
Semafo Inc. ($3.40 stopLoss 15jun15) SMF 3 3.0
Buy-ins 31may2015*100 shares each
Kirkland Lake Gold Inc. 5.55 KGI 4 4.2
Lake Shore Gold Corp. (N* $1.1 stopLoss 31jul15) LSG 0 1.2
Buy-ins 30jun2015*100 shares each
Extendicare Inc. ($7.5 stopLoss 24aug15) EXE 7 8.3
Buy-ins 31jul2015*100 shares each
Leon's Furniture Ltd. ($14 stopLoss 20aug15) LNF 14 14.6
Buy-ins 31aug2015*100 shares each
BlackBerry Limited ($9.0 stopLoss 25sep15) 9.00 BB 8 9.0
Heroux-Devtek Inc 11.83 HRX 9 10.8
Martinrea Intl Inc. ($11.0 stopLoss 22sep15) 11.00 MRE 10 11.0

“
New TSX 2013 BookBuilderTM
Portfolio
(including dividendsª) 31 August 2015 / 31 August 2013
8084.50 /6282.00 Gain 25.0
months
27.99%
Net Current Cash after 31mar Buy-ins *100 shares 79.00
Net Cash * 100 (stoploss sakes AC CHR-B EXE LNF) 3800.00
Net Cash for Buy-ins *100 shares 3879.00
Buy-ins 30sep2015*100 shares each
Altius Minerals Corporation 11.99 ALS 9 10.6
ATS Automation Tooling Systems Incorporated 12.91 ATA 10 11.7
RONA inc. 13.61 RON 12 12.4
Net Current Cash after 31aug2015 *100 share Buy-ins 28.00
New TSX 2013 BookBuilderTM
Portfolio
8084.50 /6282.00 Gain 25.0
months
27.99%
(Pending Need for Change or investing new Savings)
Choice Properties REIT 11.50 CHP.UN 10 10.9
Great Canadian Gaming Corp 18.65 GC 14 20.7
Intertape Polymer Group Incorporated 14.27 ITP 10 15.0
BookBuilderTM
New TSX 2014 “Likeables”
$5,000 Portfolio (31 August 2014 *100 share Buy-ins)
4871.00
Advantage Oil & Gas Ltd. ($11.1 stopLoss 021aug15) 7.00 AAV 5 5.0
Chorus Aviation Inc. ($5.7 stopLoss 21aug15) 5.70 CHR.B 3 6.0
Fortuna Silver Mines Inc. ($5.2 stopLoss 05mar15) FVI 5 5.4
Heroux-Devtek Inc. ($10.2 stopLoss 02mar15) HRX 9 11.8
Nevsun Resources Ltd. ($4.7 stopLoss 16jun15) NSU 4 4.0
Ainsworth Lumber Co. Ltd. (NBD takeover 01apr12) ANS
BlackBerry Ltd. ($11.5 stopLoss 10jun15) BB 8 11.5
Extendicare Inc. ($7.5 stopLoss 26may15) EXE 7 8.3
Semafo Inc. ($3.4 stopLoss 15jun15) SMF 3 3.0
Ballard Power Systems Inc. ($2.5 stopLoss 02jul15) BLD 2 2.1
Alacer Gold Corp. ($2.5 stopLoss 20jul15) ASR 3 2.6
Premier Gold Mines Ltd. ($2.2 stopLoss 09jul15) PG 2 2.0

“
Western Forest Prods Inc. (N* $2.23 stopLoss 30jun15) WEF 1 2.4
Algonquin Power & Utilis Corp. ($9.2 stopLoss 09jul15) AQN 9 9.0
Heroux-Devtek Inc. 11.83 HRX 9 11.8
Atlantic Power Corp. ($3 stopLoss 06aug15) ATP 3 3.0
Lundin Mining Corp. ($4.2 stopLoss 19aug15) LUN 5 4.5
Nevsun Resources Ltd. ($4 stopLoss 05aug15) NSU 4 4.0
Extendicare Incorporated 8.01 EXE 7 7.3
Guyana Goldfields Inc. 3.58 GUY 3 3.2
NovaGold Resources Inc. 4.83 NG 4 4.0
OceanaGold Corp. ($2.0 stopLoss 28sep15) 2.00 OGC 2 2.0
Premier Gold Mines Limited 2.25 PG 2 2.0
Semafo Inc. ($3.0 stopLoss 03sep15) 3.00 SMF 3 3.0
BookBuilderTM
(including dividendsª) 30 September2015 / 31 August 2014
4251.20 /4871.00 Gain 13.0
months
87.28%
Net Current Cash (after 31aug15 *100 share Buy-ins) 100.00
Net Cash * 100 (on stoploss OGC SMF) 500.00
Net Cash for Buy-ins *100 shares 600.00
Alacer Gold Corp. 3.01 ASR 3 2.6
Western Forest Products Incorporated 1.80 WEF 1 1.5
Net Current Cash after 30apr15 Buy-ins *100 shares 119.00
BookBuilderTM
(including dividendsª) 30 September2015 / 31 August 2014
4251.20 /4871.00 Gain 13.0
months
87.28%
Vigilance while these below are nearing but still trading below Risk Price and not yet “likeables” so are
still not risk averse buy-ins.
Artis Real Estate Investment Trust 12.68 AX.UN 14 14.0
Enerflex Ltd. 13.19 EFX 14 18.7
NuVista Energy Ltd. 5.05 NVA 7 8.0
Engage “likeables” and save your own bacon.

“
Our reasons for having any equity in our portfolios are clear, concise and consistent, “likeables” are
equities valued by market investors, 2 of 3 tending to gain, as investor preferences hold the stock at
prices above the Risk Price. “AlphaSmartTM
gains, Capital Safety and Liquidity” are consequences
we obtain through risk aversion that our Risk Price enables. That is proven.
It is the price of risk12
because that’s the price at which we can reasonably expect to get our money
back with a possible and hopeful return that exceeds the rate of inflation. That proof is here in your
hands, as we continue to show as above, because, we can.
Know What You Have, and only, Have What You Know.
Our view is risk averse. Of course we require 2&20 fees for doing that. Mail us for our help.
Hans Goetze,
Architypes Inc. architypes@gmail.com and StockTakers Limited hg.stocktaker@gmail.com
Head Office
76 Midridge Close SE
Calgary, AB
T2X 1G1
351 Chemin Boulanger
Sutton, PQ
J0E 2K0
450 538-1270
1
http://riskwerk.com/2012/06/05/economics-is-confusing/
2
http://riskwerk.com/2015/08/27/pi-extreme-economics-the-worlds-bubble-wrap/
3
E. Goetze,“The Modal Geometry of the Firm and the Balance Sheet Worth of the Trading Connections”, 2006, available on
request.
4
http://riskwerk.com/2012/09/22/popovicius-volatility/
5
banks have paid nearly $230 billion in litigation costs since 2009 http://www.reuters.com/article/2015/01/13/us-
banking-litigation-research-idUSKBN0KM10G20150113
6
http://www.marketwatch.com/story/only-a-black-swan-will-bring-back-stock-volatility-2014-05-18 These Goldilocks
and the Black Swans are confused by the tales even the VIXens siren to investors.
7
Timothy Geithner made a whirlwind tour to quash the ban http://rense.com/general91/geit.htm
8
http://www.slideshare.net/HansGoetze/the-corporate-social-on-our-best
9
http://riskwerk.com/2012/09/22/popovicius-volatility/
10
https://en.wikipedia.org/wiki/The_Intelligent_Investor
11
http://riskwerk.com/2013/05/18/the-real-intelligent-investor/
12
http://riskwerk.com/2012/08/26/the-price-of-risk/

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