Weekly update of the performance on Mar 27,2010

Have to say market was pretty bull for the past several weeks. But our portfolio outperform the whole market very much. Here is a summary of the performance:

Profit and loss for period from 05-Mar-2010 to 26-Mar-2010( 3 weeks ) :

EL: from 61.66 to 63.92, P&L is 3.66526% .

CREE: from 68.8 to 70.13, P&L is 1.93314% .

PRGO: from 50.73 to 56.79, P&L is 11.9456% .

F: from 13 to 13.86, P&L is 6.61538% .

HUN: from 13.67 to 12.7, P&L is -7.09583% .

NYB: from 15.6 to 16.35, P&L is 4.80769% .

PNRA: from 78.04 to 76.91, P&L is -1.44798% .

TRA: from 45.34 to 45.96, P&L is 1.36745% .

Total position changes: P&L is 4.39846% .

During the same period, the performance of the main index:

SP500: 1138.7 to 1166.59, profitted by 2.45%.

Russell1000: 626.78 to 642.06, profitted by 2.44%.

Profit and loss for period from 19-Mar-2010 to 26-Mar-2010(one week) :

EL: from 63.13 to 63.92, P&L is 1.25139% .

CREE: from 70.03 to 70.13, P&L is 0.142796% .

PRGO: from 50.38 to 56.79, P&L is 12.7233% .

F: from 13.29 to 13.86, P&L is 4.28894% .

HUN: from 12.77 to 12.7, P&L is -0.54816% .

NYB: from 16.37 to 16.35, P&L is -0.122175% .

PNRA: from 78.99 to 76.91, P&L is -2.63324% .

TRA: from 45.7 to 45.96, P&L is 0.568928% .

Total position changes:P&L is 2.50084% .

During the same period, the performance of the main index:

SP500: 1159.90 to 1166.59, profitted by 0.58%.

Russell1000: 638.39 to 642.06, profitted by 0.57%.

Weekly update of the performance

For past week, our portfolio lost 0.64%. Here is the details:

EL: from 63.51 to 63.13, P&L is -0.598331% .

CREE: from 70.95 to 70.03, P&L is -1.29669% .

PRGO: from 50.68 to 50.38, P&L is -0.591949% .

F: from 13.34 to 13.29, P&L is -0.374813% .

HUN: from 13.5 to 12.77, P&L is -5.40741% .

NYB: from 16.33 to 16.37, P&L is 0.244948% .

PNRA: from 79.15 to 78.99, P&L is -0.202148% .

TRA: from 46.23 to 45.7, P&L is -1.14644% .

The total return of the portfolio is 1.85132% since our midterm momentum strategy goes live two weeks ago. Compared to major index: Russell 1000, 1.85%; DOW, 0.81%; SP500, 1.86%. We need to be patient now. Anyway, it still catches up with major index.

Performance of the strategy for past week

Our first strategy has been live for a week. It performed pretty well. Here is the break down of the performance of the stocks:

EL: from 61.66 to 63.51, P&L is 3% .

CREE: from 68.8 to 70.95, P&L is 3.13% .

PRGO: from 50.73 to 50.68, P&L is -0.1% .

F: from 13 to 13.34, P&L is 2.62% .

HUN: from 13.67 to 13.5, P&L is -1.24% .

NYB: from 15.6 to 16.33, P&L is 4.68% .

PNRA: from 78.04 to 79.15, P&L is 1.42% .

TRA: from 45.44 to 46.33, P&L is 1.96% .

The total profit was 2.51% for the whole portfolio. During the same period, SP500 index changed from 1138.7 to 1149.99, which profited 0.99%; DOW changed from 10566.2 to 10624.69, which profited .055%.

To make our comparison more relevant, let us see the performance of Russell 1000 index, which is the universe of our stock screening. For Russell 1000 index, it changed from 626.78 to 633.55, which profited 1.08%.

We need to be patient to see further results. If it keeps performing this way, we will be very happy.

Our first strategy rolled out and the current holdings

Today we rolled out our first strategy. The strategy leveraged the investing experience of our group members quantitatively and qualitatively as well. We would like to publish our stock selection and holding on this blog. The performance of the strategy will also be updated weekly. Please write to us for any questions you might have on the strategy or current market.

Here is the selection:

Stock Weight

EL 11.50%

CREE 7.40%

PRGO 10.60%

F 28.70%

HUN 5.00%

NYB 21.10%

PNRA 7.90%

TRA 7.90%

We had built our position at the open of market this morning. Later on we might update our holdings according to market condition and will publish the updates here then.