Reference Portfolio as of 31st of March 06/03/31

We're back to business again. Here's what the system has just done:


Actions
OPEN POSITION LONG - Security: LEVEL 3 COMMS (LVLT) NB: 163568 ISL: 4,48 M: 2
OPEN POSITION LONG - Security: Bankrate, Inc. (RATE) NB: 21130 ISL: 34,68 M: 2
OPEN POSITION LONG - Security: AMER SCIENCE (ASEI.O) NB: 9999 ISL: 73,29 M: 2
OPEN POSITION LONG - Security: NVIDIA (NVDA) NB: 16047 ISL: 45,66 M: 2
OPEN POSITION LONG - Security: Diodes Incorporated (DIOD) NB: 22341 ISL: 32,80 M: 2
OPEN POSITION LONG - Security: Silicon Laboratories (SLAB) NB: 16392 ISL: 44,70 M: 2
OPEN POSITION LONG - Security: TELLABS (TLAB) NB: 57573 ISL: 12,73 M: 2
OPEN POSITION LONG - Security: Garmin Ltd. (GRMN) NB: 11256 ISL: 64,95 M: 2
OPEN POSITION LONG - Security: FOUNDRY NETWORKS INC (FDRY) NB: 51058 ISL: 14,35 M: 2
OPEN POSITION LONG - Security: NII Holdings, Inc. (NIHD) NB: 16000 ISL: 45,80 M: 2
OPEN POSITION LONG - Security: COMMSCOPE (CTV) NB: 31640 ISL: 22,95 M: 2

Account general informations
NAV: 11 449 665,09
Market Expo: 10 075 861,66
Open Positions: 11

Actual portfolio (included today actions)
LEVEL 3 COMMS OpenDate: 29/03/2006 NB:163568 STOP: 4,48
Bankrate, Inc. OpenDate: 29/03/2006 NB:21130 STOP: 34,68
AMER SCIENCE OpenDate: 29/03/2006 NB:9999 STOP: 73,29
NVIDIA OpenDate: 29/03/2006 NB:16047 STOP: 45,66
Diodes Incorporated OpenDate: 29/03/20 06 NB:22341 STOP: 32,80
Silicon Laboratories OpenDate: 29/03/2006 NB:16392 STOP: 44,70
TELLABS OpenDate: 29/03/2006 NB:57573 STOP: 12,73
Garmin Ltd. OpenDate: 29/03/2006 NB:11256 STOP: 64,95
FOUNDRY NETWORKS INC OpenDate: 29/03/2006 NB:51058 STOP: 14,35
NII Holdings, Inc. OpenDate: 29/03/2006 NB:16000 STOP: 45,80
COMMSCOPE OpenDate: 29/03/2006 NB:31640 STOP: 22,95

Reference Portfolio as of 06/03/17 17th of March

The system remains flat and the situation is as follows:

Actions
Nothing

Account general informations
NAV: 11 440 160,80
Market Expo: 0,00
Open Positions: 0

Actual portfolio (included today actions)
Nothing

The only change to the world markets is the SSEC (Shanghai's index) which turned BULL on Feb the 14th 2006 with all Chinese indexes to the LONG end now.

A summary table is given hereunder:

Reference Portfolio as of 06/03/10 10th of March

The system has been whipsawed and is designed to prefer to take a small loss than to let positions run against it. Therefore the portfolio is closed again waiting for better conditions, with accelerating market internal, increasing number of open trades and better technical configuration. We've had so far a difficult market for traders (or trading automation systems) as most of the moves these last two years have been followed by 68% (fibonacci) retracements and therefore as soon as the system either gets in, or worse makes some money and starts leveraging, we've been shaken out early. Graphical representations of NAV & Market Expo, of Open Trades and a table of P2T are given after. We also make the worse P2T since the account started (12,85%).

Undoubtedly, it's been a much easier environment for investors who have been running a slow bull market for most of 2004 and 2005.

Here's where we stand and NAV is down to 11 408 521 USD:

Actions
CLOSE POSITION LONG - Security: AMKOR TECHNOLOGY (AMKR) NB: 101290 Close rule: GC
CLOSE POSITION LONG - Security: WESCO INTL (WCC) NB: 16353 Close rule: GC
CLOSE POSITION LONG - Security: AMER SCIENCE (ASEI.O) NB: 11166 Close rule: GC
CLOSE POSITION LONG - Security: SBA COMMS CORP (SBAC) NB: 42116 Close rule: GC
CLOSE POSITION LONG - Security: E TRADE GROUP (ET) NB: 37560 Close rule: GC
CLOSE POSITION LONG - Security: INFORMATICA (INFA) NB: 59882 Close rule: GC
CLOSE POSITION LONG - Security: ADAPTEC (ADPT) NB: 146925 Close rule: GC
CLOSE POSITION LONG - Security: TELLABS (TLAB) NB: 65047 Close rule: GC
CLOSE POSITION LONG - Security: KFX (KFX) NB: 45923 Close rule: GC
CLOSE POSITION LONG - Security: InterDigital Communication (IDCC) NB: 35818 Close rule: GC
CLOSE POSITION LONG - Security: NetEase.com, Inc. (NTES) NB: 10967 Close rule: GC

Account general informations
NAV: 11 408 521,55
Market Expo: 0,00
Open Positions: 0

Actual portfolio (included today actions)
Nothing

The slowdown in the market is visible on this graph of the Potential Open Trades:










The graphical display of the NAV and other information is given hereunder:









P2T Table:















Stay tuned !

Reference Portfolio as of 06/03/03 3rd of March

We're back to business and the system has started to slowly take positions again.
Here follows the situation, including positions:

Actions
Nothing

Account general informations
NAV: 12 121 133,72
Market Expo: 10 645 723,40
Open Positions: 11

Actual portfolio (included today actions)
AMKOR TECHNOLOGY OpenDate: 03/03/2006 NB:101290 STOP: 7,62
WESCO INTL OpenDate: 03/03/2006 NB:16353 STOP: 47,22
AMER SCIENCE OpenDate: 03/03/2006 NB:11166 STOP: 68,95
SBA COMMS CORP OpenDate: 03/03/2006 NB:42116 STOP: 18,34
E TRADE GROUP OpenDate: 03/03/2006 NB:37560 STOP: 20,56
INFORMATICA OpenDate: 03/03/2006 NB:59882 STOP: 12,90
ADAPTEC OpenDate: 03/03/2006 NB:146925 STOP: 5,26
TELLABS OpenDate: 03/03/2006 NB:65047 STOP: 11,87
KFX OpenDate: 03/03/2006 NB:45923 STOP: 16,82
InterDigital Communication OpenDate: 03/03/2006 NB:35818 STOP: 21,56
NetEase.com, Inc. OpenDate: 03/03/2006 NB:10967 STOP: 70,42