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OP Newsletter: Outperformance (Mar’08, +16.8%)

Published on March 8, 2008

OP Newsletter: Outperformance (Mar’08, +16.8%)

March 8, 2008

A tough week for the US stock markets in which, the Dow fell -3%, the S&P 500 -2.8, the Nasdaq Composite -2.6, and the Russell 2000 -3.8%. In spite of the market falls, OPNewsletter portfolio grew 7.8% for the week and we have nearly 80% free cash (of the initial investments).

Year to date, the Dow is now down nearly -10.3%, the S&P 500 -11.9%, the Nasdaq Composite -16.6%, and the Russell 2000 -13.8%. Now compare this with OPNewsletter results for the same periods, Jan’08 14.8%, Feb’08 11.6% and this month we are +16.8% and we have two open portfolios while plenty of free cash is available to take advantage of potential opportunities.

The main point to note from this week is that markets have lost technical support at the January lows as almost every major market index closed at new multi-year lows today. Week ahead is relatively light in terms of economic data except the retail sales on Thursday and the CPI and Consumer Sentiment reports on Friday. But again, I shall remind my readers that “BEAR MARKET RALLIES ARE BRUTAL” so even if market rises from the oversold regions, be nimble and trade it very carefully.

Profitable trading, OP

One Comment

  • […] A tough week for the US stock markets in which, the Dow fell -3%, the S&P 500 -2.8, the Nasdaq Composite -2.6, and the Russell 2000 -3.8%. In spite of the market falls, OPNewsletter portfolio grew 7.8% for the week and we have nearly 80% free cash (of the initial investments). Year to date, the Dow is now down nearly -10.3%, the S&P 500 -11.9%, the Nasdaq Composite -16.6%, and the Russell 2000 -13.8%. Now compare this with …Original Source […]

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