Bud's Poem Page
  Katie's Coast2Coast Blog
  Katie's West Coast Blog
Lemley Yarling Management Co
309 W Johnson Street
Apt 544
Madison, WI 53703
Bud: 312-925-5248       Kathy: 630-323-8422

November 29, 2013

Model Portfolio Value As of 29 November 2013

$ 723,519

Comment on Model Portfolio activity

We took profits in Ascena Retail ahead of Mondayís earnings since the share price is at its high for the year. We also added to our Alcoa position during the week.

Markets remain at their highs and the correction better hurry if it is to beat the year end rally. Or maybe the year end will see a correction and not a rally. Inquiring minds and investors await the resolution.



November 22, 2013

Model Portfolio Value As of 22 November 2013

$ 722,003

Comment on Model Portfolio activity

During the week we took profits in Merck, Aeropostale, and Deere and repurchased NVDIA and GE.

We have reduced our retail exposure to Abercrombie and Ascena Retail. Having sold Aeropostale we may repurchase JC Penney before year end.

The market rise continues and the time for a correction this year is getting late but never underestimate Mr. Market.



November 15, 2013

Model Portfolio Value As of 15 November 2013

$ 721,974

Comment on Model Portfolio activity

During the week we purchased Altera, a chip company, and added to Ford while repurchasing Cisco after it dropped 15% on earnings disappointment and Alcoa at 10 lower than we sold a few weeks ago.

Markets donít seem to want to go down but we continue to expect a pullback before a year move higher.



November 8, 2013

Model Portfolio Value As of 8 November 2013

$ 710,981

Comment on Model Portfolio activity

In keeping with our pullback in November theme we sold several stocks to lock in nice profits while keeping about 50% plus exposure to the markets in many accounts. We donít think the correction will be severe but markets are extended and need a rest before the push into year end.

When Abercrombie dropped 15% this week we realized our exposure to retail was too large and so we eliminated JC Penney, and American Eagle. We like both companies but JC Penney is lesser quality than Aťropostale and American Eagle is of equal value with Abercrombie and Ascena.

The Employment numbers today were excellent and so the markets vacillated because good is bad in these markets as good may lead to the Fed tightening a bit-or so the thinking goes. Sometimes there is too much thinking.



November 1, 2013

Model Portfolio Value As of 1 November 2013

$ 713,555

Comment on Model Portfolio activity

We realized nice trading profits in Expedia and Verizon during the week. We also added to Sony when it dropped 15% on negative earnings news, and added IBM in larger accounts when it dropped 10%. We expect a pullback in November and then a rally into year end.
























This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Website Information

For Information on RBC LLC SIPC and Excess SIPC protection http://www.rbcadvisorservices.com/partner/testimonials/cid-161786.html.

For those clients of LY& Co and other interested persons the Quarterly Report on the routing of customer orders under SEC Rule11Ac1-6.
For Quarter Ending 09/30/2002 For Quarter Ending 12/31/2002 For Quarter Ending 03/31/2003
For Quarter Ending 06/30/2003 For Quarter Ending 09/30/2003 For Quarter Ending 12/31/2003
For Quarter Ending 03/31/2004

All SEC Rule11Ac1-6 Quarterly reports up to March 2, 2012 may be found by visiting the diclosures at LY& Co Clearing Broker Mesirow Financial at: http://www.tta.thomson.com/reports/1-6/msro/.

From March 2, 2012 forward all SEC Rule11Ac1-6 Quarterly reports may be found by visiting the website http://www.rbccorrespondentservices.com/cid-112218.html.

Annual offer to present clients of Lemley Yarling Management Co. Under Rule 204-3 of the SEC Advisors Act, we are pleased to offer to send to you our updated Form ADV, Part II for your perusal. If any present client would like a copy, please don't hesitate to write, e-mail, or call us.

A list of all recommendations made by Lemley Yarling Management Co. for the preceding one-year period is available upon request.

Business Continuity Plan


309 W Johnson Street Apt 544, Madison, Wi 53703 312-925-5248
The factual statements herein have been taken from sources we believe to be reliable but such statements are made without any representation as to accuracy or completeness or otherwise. From time to time the Lemley Letter, or one or more of its officers or employees, may buy and sell as agent the securities referred to herein or options relating thereto, and may have a long or short position in such securities or options. This report should not be construed as a solicitation or offer of the purchase or sale of securities. Prices shown are approximate. Past performance is no indication of future performance.