This market is not producing stocks with astronomical returns like we saw in 1999, 2003, and even 2004. Gains now seem to get cut off anywhere between 50-100% unless you are PDO and MXC. Although its been difficult I still manage to find excellent stocks although the market is bad. I want to see stocks with tremendous growth in sales and earnings, not 15% growth but 100% or more. This gives me laser focus on the top growth stocks in the market. With this focus on growth I’ve come across AMPH - American Physicians Svc. Lets get to the numbers: Sales % growth YoY: 120.92% 3 yr Sales growth: 43% EPS % growth YoY: 1,476.11% 3 yr EPS growth: 45% These are certainly the type of growth numbers I want to see, very high and even its 3 year growth is impressive. Moving onto ...

Much like I did with Ctrip.com (CTRP) last week [May 2: Cutting Ctrip.com to Almost Nothing] I am going to cut these 3 positions to almost nil; they are small positions at this time as I cut them at lower prices, but the gains (% wise) have been huge, and the stocks are not near any major support. Fundamentals remain strong in all the stocks so there is no change in that area. Further, this does not mean the stocks need to pullback anytime soon but consistent with my strategy, I am simply going to take the last of these gains off the table and wait for meaningful pullbacks, after some staggering moves. These positions are in the 0.5-0.7% range of the portfolio, so I am essentially dropping them to what I call "holding positions" aka tiny positions (0.1% or 0.2%), but not selling them out ...