Hi everyone. A while back I introduced you folks to a private investment opportunity based on stock market trading. As you probably know already (and if you don’t, you need to get back to Earth real soon) the stock markets worldwide have taken a beating, and as I expected Private Program 2 was not left untouched. I’ll leave it up to our main trader to explain.
As any member following the world equity markets in the last few weeks
will note that NON of bigger Financial institutions in the World
escaped from this down turn, indeed some of the biggest produced losses for
the first time in their trading history, we also noted very few
companies escaped this market down turn, and today’s value recovery ($66.600)
of our stocks is a firm testament to of owning high quality stocks.
This problem (Sub-prime) we feel is bottoming out, and if the market
leaves the bond insurers alone, we should start to see some improvement
in the next few weeks in all our open positions.
I deemed it prudent to trim some of the fat from our holdings ( sell
off, and buy back some spreads ) to give us a cash cushion going forward,
this of course has resulted in our first recorded loss since we began
nearly two years ago, and for this we will be working very hard to
recover in the next few weeks, and months.
JAN. 08 RESULTS
With no further ado our net positions as at the 31st. Jan. 08 in Strategy 1
is a negative -2.5%, and in Strategy 2 negative -6%.
Ouch. Well, this is real trading after all, not some ponzi game. *Sigh* This loss is nothing compared to one of my managed forex accounts, but let’s not go there.
There is good news however. First good news is that this program’s books will be fully audited by an outside party.
Second good news is that both dealer books (Strategy 1 & Strategy 2) are now accepting new members. You may remember that a while back I said that Strategy 2 dealer book was closed to new investors. Well, it is now open again. Here is what the trader has to say about it:
We will still accept new members in both dealer books, now that we have survived the worst that the trading world has to offer I feel a little more relaxed about taking on more members.
If you wish to join send an e-mail with the subject line “I wish to join Private Program 2” to opportunity at alansmoneyblog.com