Portfolio Weights for 3Q15

The Agora Focus list for the third quarter has only 8 stocks. That makes my job easier.

Ticker	Name	Recommender	Newsletter	Weight
SPX	Market			16.89%
adap	Adaptimmune Therapeutics	Stephen Petranek	Breakthrough Technology Alert and Technology Profits Confidential	16.73%
al	Air Lease	Chris Mayer	Mayer’s 100x Club and Mayer’s Special Situations	6.79%
cry	CryoLife	Rick Pearson	Agora Financial’s Catalyst Trader	11.28%
exel	Elexlixis	Ray Blanco	Technology Profits Confidential and Agora Financial’s FDA Trader	9.42%
hcn	Health Care REIT	Zach Scheidt	Lifetime Income Report and Income on Demand	9.95%
nbl	Noble Energy	Byron King	Outstanding Investments, Real Wealth Trader and Military-Tech Alert	4.66%
newt	Newtek Business Service	Jonas Elmerraji	Penny Stock Fortunes, STORM Signals	13.32%
wtr	Aqua America	Jim Rickards & Dan Amoss	Rickards’ Strategic Intelligence	10.96%

I didn't sell all stocks when turning over the portfolio. I held onto one, the AIG warrants, for a couple of reasons. First, it seems to have more to run left in it. Also, for tax reasons, it would be nice to go into long-term capital gains. 

I'm not investing the amount in SPX, but instead, distributing it among the remaining (or keeping stocks that I like). 

Here are a few questions that folks have asked me. 

Q: How do I execute the orders?

A: I am mostly trading a Fidelity Market basket. This allows me to trade all the stocks from a single screen. Those are market orders, My IRA is with another company, so I'm trading one stock at a time.
Q: Do you put a stop loss on the stocks?
A: No, I just let them ride for 90 days. In a sense, I have a time stop instead of a price stop.
Q: How does correlation work?
A: Correlation is a statistical function between -1 and +1. When it's close to 1 (e.g., Fannie Mae and Freddie Mac in 1Q15 had a correlation of .98) the two stocks move in tandem. When it's close to -1, they move inversely. When it's close to 0, then the movement of one is almost independent of the second.