BlackSwanTradingtm 22jan17

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Page 1 of 16 January2017© CopyrightStockTakers 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 January 2017
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

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Update
22 January 2017
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

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Update
22 January 2017
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.

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Update
22 January 2017
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.
AssurantInc. 96.15 AIZ:US 61 88.5
AveryDennisonCorp. 72.41 AVY:US 47 66.6
BostonScientificCorp. 23.9 BSX:US 13 21.3
ComericaInc. 66.96 CMA:US 34 56.9
Dow Chemical Co. 57.38 DOW:US 44 52.8
GoodyearTire & RubberCo. 30.52 GT:US 24 28.4
HudsonCityBancorp Inc. (takenover byM&T 02dec15) 10.12 HCBK:US
LinearTechnologyCorp. 62.43 LLTC 50 55.6
LincolnNational Corp. 66.93 LNC:US 48 56.9
NaborsIndustriesLtd. 17.58 NBR:US 8 14.2
NewYork TimesCompany 13.35 NYT 12 12.4
NYSE Euronext(Price 15nov13 at ICE Takeover) 45.29 ICE/NYX
Oracle Corp. 39.87 ORCL:US 37 37.5
SyscoCorp. 53.81 SYY:US 35 49.5
Teco EnergyInc. ($27.64 EMR takesover TE 30jun16) 27.64 TE:US
Terex Corp. 31.58 TEX:US 20 26.5
TysonFoodsInc. CL A 62.57 TSN:US 35 55.1
Unum Group 45.02 UNM:US 22 39.6
Waste ManagementInc. 69.66 WM:US 47 64.1

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Update
22 January 2017
(NB: stoploss settings not used to keep capital safe. We prefer risk aversion using collaring options)
BlackSwanSleepingTM Portfolio Value
(incl. Dividends) 22 January 2017 / 30November2012
87793.50 / 43465.00 Gain 49.7
months
101.99%
Current Cash
(ICE/NYX takeover 15nov13; HCBK takenover 02dec2015;
TE takenover 30jun16)
Dividends earned
8305.00
5442.50
IRR pa 18.50%
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!
13747.50
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 49.7 months, a net 18.50% IRR p.a.
gain, you have $13,747.50 (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, as a truly vulgar man is now POTUS.
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 101.99% at the end of 49.7 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 2012 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 January 2017
Buy-ins 22feb16 *100 shares each
Conagra FoodsInc.($44.2 StopLoss 09sep16) CAG:US 29 36.4
ComcastCorp. ($63.9 StopLoss 22oct16) CMCSA 56 68.4
CMS Energy Corp. ($38.7 StopLoss 02mar16) CMS:US 27 39.4
Deluxe Corporation ($66.4 StopLoss29sep16) DLX 47 67.2
DiamondFoodsInc.(LNCS acquiresDMND 01mar16) DMND 21 0.0
EdisonInternational ($68.7 StopLoss 22mar16) EIX 58 66.9
FidelityNational InfrmtnSrvs ($57.9 StopLoss 24feb16) FIS:US 50 72.6
International PaperCo 53.69 IP:US 35 48.3
KrogerCompany ($35.6 StopLoss22mar16) KR:US 22 30.7
Masco Corp.($30.6 StopLoss 29apr16) MAS:US 20 28.5
Buy-ins22mar16 *100 shareseach
LinearTechnologyCorp.($43.7 StopLoss 04may16) LLTC 50 55.6
SyscoCorp 53.81 SYY:US 35 49.5
Total SystemServices Inc. ($47.6 StopLoss 16aug16) TSS:US 30 48.1
Buy-ins22apr16 *100 shares
EdisonInternational ($70.2 StopLoss04oct16) EIX 58 66.9
KrogerCompany 34.09 KR:US 22 30.7
Buy-ins22may16 *100 shareseach
Iron MountainInc. ($34.1 StopLoss 06oct16) IRM:US 29 29.8
ProLogisInc.($50.6 StopLoss 05oct16) PLD:US 37 47.8
Rofin-SinarTech.Inc.(COHR takesover RDSTI 07nov16) RSTI:US 32 29.9
Buy-ins22jul16 *100 shareseach
AmericanElectricPowerCo.($66.2 StopLoss 16aug16) AEP 53 59.1
Bank New YorkMellonCorp.($44.9 StopLoss 19jan17) 44.90 BK:US 35 40.5
Buy-ins22aug16 *100 shareseach
MondelezInternational Inc.($40.8 StopLoss01dec16) MDLZ 39 42.5
AltriaGroupInc. 70.01 MO 48 66.5
ServiceNow Inc. 83.40 NOW 57 70.9
Buy-ins22sep16 *100 shareseach
Conagra FoodsInc. ($44.2 StopLoss 10nov16 split1285/1000) CAG 29 36.4
Buy-ins22oct16 *100 shareseach
AutodeskInc. ($68.4 StopLoss 02dec16) ADS 60 70.2
Deluxe Corporation ($60.3 StopLoss03nov16) DLX 47 67.2
EastGroup PropertiesInc.($64.8 StopLoss03nov16) EGP 51 68.5
FirstCash Financial Services 43.60 FCFS 40 37.9
Iron MountainInc. ($30.9 StopLoss 14nov16) IRM 29 29.8
Buy-ins22nov16 *100 shareseach
International Game Tech.($24.0 StopLoss 13dec16) IGT 14 22.1
Landstar SystemInc 84.05 LSTR 59 74.8
PayPal HoldingsIncorporated 41.69 PYPL 37 37.9
Ross StoresInc. 66.00 ROST 54 61.4

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Update
22 January 2017
Williams-SonomaIncorporated 48.64 WSM:US 49 44.7
YelpIncorporated 41.06 YELP 18 33.3
Buy-ins22dec16 *100 shareseach
BB&T Corp. 45.42 BBT 32 40.9
BestBuy Co.Inc. 43.36 BBY 26 37.3
Unum Group 45.02 UNM:US 22 39.6
Solo 50K 2012 Portfolio Value (StopLoss tended -
incl. Dividends) 22 January2017/ 30 November 2012
86208.00 / 43465.00 Gain 49.7
months
98.34%
IRR pa 17.98%
Current Cash (after 22aug16 buy-ins 141.00
Net Cash (after StopLoss *100shares 4490.00
Current Cash pendingBuy-ins *100 shares 4631.00
Buy-ins 22jan17 *100 shares each SF
(Risk Price)
Stoploss
Bank of New York MellonCorp. 44.56 BK:US 35 40.5
Net Cash Forward 22oct16 *100 shares 175.00
Dividends earned 6160.00
Total Cash Available 6335.00
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’
12jan17 49.000
29aug16 +0.155
07nov16 +0.155
49.310
XYL:US 32 Vq
48.0
Vy
49.0
22jun16 45.910
7 mos
7.41%
Risk Price fundamental worth SF stepped-
up sharplyfrom 53 to 32 in our patent
analysis of XYL current SEC 8-Kreporting
completed long term financing through DB
as necessaryto purchase Sensus
Worldwide Ltd., an agreement adding
smart meteringsystems to enhance its
base in water andwaste water metering
and pumpingtechnologiesanoverlayingof
quarterlybalance sheet data report that
increasesthe worth as an expression ofSF

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Update
22 January 2017
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. $49.0 stoplost 12jan17
in showinghealthyuse of in-handcash
capitalizing the firm innovation. Next up Q3
report release will be 01nov16.
The market liked the quarterlyreport,
gainingshare price right throughelection
dyspepsia. What willhe, won’t he, sayor
do next moment after this, drainthe
morass or grabit, spread it all over the
land. Looks like a mudslide as the bottom
feeders fillup the swampfor a quagmire!
Solo 50K 2012 Portfolio Value (StopLoss tended -
incl. Dividends) 22 January 2017/ 30 November 2012
86208.00 / 43465.00 Gain 49.7
months
98.34%
IRR pa 17.98%
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. Price ratios are meaningless confusion26 but well enough a
crutch.
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
investing27. Our tighter $toploss values reduced risk of loss while the bears grumbled. All of the
stocks in our public portfolios28 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

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Update
22 January 2017
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)
AnalogDevicesInc 72.88 ADI:US 50 68.3
AutomaticData ProcessingInc. 103.24 ADP:US 77 97.5
NASDAQOMX GroupIncorporated 67.36 NDAQ 35 60.5
XylemIncorporated 49.06 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
AmerenCorp. ($47.0 StopLoss 21apr16) AEE:US 38 48.9
AllegionPLC($58.2 StopLoss 03feb16) ALLE:US 50 59.9
Broadcom Corp.($54.67 BRCMbuys-in shares 29jan16) BRCM 0.0
Conagra FoodsInc. ($44.2 StopLoss 09sep16) CAG:US 29 36.4
Campbell Soup ($60.1 StopLoss21apr16) CPB 37 58.4
DeltaAirLinesInc. ($44.7 stopLoss 27jan16) DAL 45 45.5
Dow Chemical Co. ($41.1 stopLoss 20jan16) DOW:US 44 52.8
E Trade Financial Corp. ($23.0 stopLoss29jan16) ETFC:US 20 32.0
Fortune BrndsHm. & Scty Inc. ($46.8 stopLoss 20jan16) FBHS:US 30 50.4
General MillsInc.($65.1 StopLoss 09sep16) GIS 50 57.4
GivaudanSA ADR ($38.8 $topLoss 21oct16) GVDNY 30 33.9
MondelezInternational Inc.($39.9 stopLoss 03feb16) MDLZ:US 39 42.5
TysonFoodsInc CL A ($67.5 $topLoss 21oct16) TSN:US 35 55.1

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Update
22 January 2017
Total SystemServicesInc.($42.8 StopLoss 27jan16) TSS:US 30 48.1
TexasInstrumentsInc. 74.75 TXN:US 50 67.3
Buy-ins 22feb16*100 shares each
AmerenCorp. ($47.0 StopLoss 21apr16) AEE:US 38 48.9
AmericanElectricPowerCo.($61.3 StopLoss 01mar16) AEP 53 59.1
CaviumIncorporated ($55.0 StopLoss 18apr16) CAVM:US 40 56.3
CablevisionSys.Corp.(21jun16 CVCmergers private) CVC:US 17 0.0
E Trade Financial Corp. ($23.3 StopLoss 07apr16) ETFC:US 20 32.0
MondelezInternational Inc.($41.6 StopLoss 27jun16) MDLZ:US 39 42.5
PattersonCompaniesInc.($43.3 StopLoss 01mar16) PDCO 38 37.2
SealedAirCorp.($48.1 StopLoss 28apr16) SEE:US 30 44.4
Buy-ins22mar16*100 shareseach
LululemonAthleticaInc.($60.2 StopLoss 13may16) LULU:US 49 59.9
SouthwestAirlinesCo.($42.9 StopLoss 04may16) LUV 39 46.5
Buy-ins 22apr16 *100 shares each
AmerenCorp. ($47.3 StopLoss 04oct16) AEE:US 38 48.9
BemisCoInc. ($49.6 StopLoss 13may16) BMS 40 46.8
CBRE Group Inc. ($25.8 StopLoss 27jun16) CBG 28 27.5
FirstCash Financial Serv.($47.4 StopLoss 09sep16) FCFS 40 37.9
Waste ManagementInc. 69.66 WM:US 47 64.1
Buy-ins 22may16 *100 shares each
BemisCoInc 49.76 BMS:US 40 46.8
SouthwestAirlinesCo.(N* $36.28 StopLoss 22aug16) LUV:US 39 46.5
AltriaGroupInc. 70.01 MO:US 48 66.5
SealedAirCorp.($43.4 StopLoss 27jun16) SEE:US 30 44.4
Buy-ins 22jun16 *100 shares each
Hormel FoodsCorporation 36.27 HRL:US 25 33.0
Buy-ins22jul16 *100 shareseach
LexmarkInt’l Inc.CL A ($40.49 Apex takesover 28nov16) LXK 35 40.5
Masco Corp.($29.8 StopLoss 01nov16) MAS:US 20 28.5
MaximIntegratedProductsInc. 41.39 MXIM 32 38.1
Buy-ins22aug16 *100 shareseach
SpectraEnergyCorp. 41.97 SE 25 36.5
Buy-ins22sep16 *100 shareseach
Conagra FoodsInc.($44.2 $topLoss 10nov16) CAG:US 29 36.4
General MillsInc.($60.5 $topLoss 21oct16) GIS 50 57.4
Pinnacle Foods Inc.($47.1 $topLoss 10nov16) PF:US 28 49.6
Buy-ins22oct16 *100 shareseach
AnalogDevicesInc.($68.5 $topLoss 02dec16) ADI:US 50 65.6
CaviumIncorporated 64.02 CAVM:US 40 56.3
Fortune BrandsHome & SecurityInc. 55.41 FBHS:US 30 50.4
GivaudanSA ADR ($36.4 $topLoss 10nov16) GVDNY 30 33.9

“
Update
22 January 2017
Buy-ins22nov16 *100 shareseach
BarnesGroup Incorporated 46.19 B 25 41.6
Bank NewYorkMellonCorp.($44.9 StopLoss 19jan17) 44.90 BK:US 35 40.5
eBayInc. 30.64 EBAY:US 24 27.6
GivaudanSA ADR 36.08 GVDNY 30 33.9
Buy-ins22dec16 *100 shareseach
Principal Financial GroupInc 58.24 PFG:US 46 51.3
ProLogis 52.57 PLD:US 37 47.8
USA Solo ROTH/IRA 2013 Portfolio Value
22 January 2017 (dividends inclu.) / 15 September 2013
80101.95 / 50912.00 Gain 40.3
months
57.32%
IRR pa 14.44%
Current 2013 Cash (after 22oct16 buy-ins) 59.00
Net Cash (StopLoss sales) *100 shares 4490.00
Current Cash pendingBuy-ins *100 shares 4549.00
Buy-ins 22dec16 *100 shares each SF
(Risk Price)
Stoploss
Bank of NewYork MellonCorp. 44.56 BK:US 35 40.5
Total Cash Available 2932.95
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
boughtback
22aug16 @
15.31
IQNT 11 21.1

“
Update
22 January 2017
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
The BST cache (or new savings) put in action
FESTIVUS with the rest of us 22dec2016 13648.00
Buy-ins 22dec16 *100 shares each SF
(Risk Price)
Stoploss
FederalMogul Corp 9.99 FDML 5 8.0
Enbridge EnergyPartnersLPCL A 24.94 EEP 17 18.8
SymantecCorp. 26.65 SYMC 16 21.7
Teradyne Inc 26.29 TER 16 23.8
InterpublicGroupof Cos 23.08 IPG 17 22.2
Vale SA 10.03 VALE 8 6.4
UnisysCorporation 13.15 UIS 10 11.5
SiriusXMRadioInc. 4.59 SIRI 4 4.2
The BST cache (or new savings) put in action

“
Update
22 January 2017
FESTIVUS with the rest of us 22jan2017
/ (including dividends) 22dec2016
13872.00 / 13648.00 Gain 1.0
months
1.64%
FESTIVUS Total Cash Available 0.00
FESTIVUS with the rest of us 22jan2017
/ (including dividends) 22dec2016
13872.00 / 13648.00 Gain 1.0
months
1.64%
Meanwhile, your herd of ‘likeables’ beauties
is nicely mooing your grass.
USA Solo ROTH/IRA 2013 Portfolio Value
22 January 2017 (dividends inclu.) / 15 September 2013
80101.95 / 50912.00 Gain 40.3
months
57.32%
IRR pa 14.44%
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 couples29
. Empty all your pockets, say good-bye to it.
That is the only change voted, worst of the same kleptocracy, the corporate command economy30
. Watchout
for the Larsen iceberg31
StockTakers helps small investors grow their wealth and attain liquidity with their own savings32
. 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,

“
Update
22 January 2017
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 can33.
In our Modal Geometry34 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 process35 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-tithetheir historichigh margin is their ‘privatesales tax’ 6+prime 0.25%=6.25%
instead of 3.25% http://www.money-rates.com/prime-rate-history.htm“Historically, theprime 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 timewebreak above it, we get into trouble,” says Louise Yamada.

“
Update
22 January 2017
3 http://www.slideshare.net/HansGoetze/medieval-diet raised reserve ratio lowers leverage of money multiplier of loans interest paid.
Banks responsehas 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 thetriumviratetools, direct intervention in TARP;market intervention with
QuantitativeEating; 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.
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 theneoclassical 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 thecurtain 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 pressureFederal 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
productiveway 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 http://riskwerk.com/2012/06/05/economics-is-confusing/
27 https://en.wikipedia.org/wiki/The_Intelligent_Investor
28 http://riskwerk.com/2013/05/18/the-real-intelligent-investor/
29 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

“
Update
22 January 2017
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.
30 John Perkins, Confession of an Economic Hitman, https://www.youtube.com/watch?v=y-a6jzU0YgQ thebook 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
31 https://phys.org/news/2017-01-massive-antarctic-ice-shelf-ready.html poised to break raising world oceans 4cm as a tsunami
ripples through the Pacific, while watching Trump ignore all evidence, filing theswamp with beasties raiding thepublic purse
32 Hans Goetze, Open Letter to Deborah, 2015, http://www.slideshare.net/HansGoetze/open-letter-to-deborah
33 http://www.slideshare.net/HansGoetze/the-grail-and-the-goat-portfolios
34 “TheModalGeometry of the Firm and theBalance Sheet Worth of the Trading Connections”, 2006.
35 http://riskwerk.com/2014/03/15/pi-the-process/

BlackSwanTradingtm 22jan17

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