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Written by Zandro Zulueta
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Saturday, 07 June 2008 01:54 |
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This is the trading performance of Zig Traders as of June 7, 2008. The ZIG customer account was launched last January 4, 2008 and trades equities listed in the NYSE, NASDAQ, and AMEX. The ZIG account has a cumulative rate of return of +7.08% since January 4, 2008 or an annualized yearly return of +16.73%. The US market has been very weak of late due to renewed concerns in housing, the financial meltdown, economic weakness, and recession. However, the main highlight of the month is the strong rise of oil which as of yesterday has nearly reached 140 USD per barrel. The very strong rally of the market in April has made everyone think that the economy is about to recover. However, the strong oil has stifled this rally. We may see the market continue to go down to retest its previous lows set in mid-March of this year. Due to all these events, Zig Traders was forced to become agile. ZIG Traders was forced to change strategies from buying stocks in April to short selling stocks in May. Zig Traders has again performed quite well as the S&P 500 returned a cumulative loss of -3.61% for the same duration we have been trading.
ZIG Trading Fund | As of 6/07/2008 | | Currency | USD | | Current Value | 72,552.52 | | Previous Month's Value | 71,314.86 | | Launch Value | 67,753.04 | | Launch Date | 01/04/2008 | | Annualized Yearly Return | +16.73% | Return since Jan. 4, 2008 | +7.08% |
ZIG Weekly Performance vs. the S&P 500 Index 
Key Note: The market has been very volatile this year and so is the Zig Trading account as the company was forced to change strategies between buying and shorting during the duration.
Cumulative Monthly / Weekly Returns | | P1M | P2M | P3M | P4M | P5M | P22W | | ZIG | 4.29 | 3.98 | 7.85 | 5.26 | 5.26 | 7.08 | | SP500 | -1.15 | -5.74 | -6.83 | -0.98 | -0.80 | -3.61 |
Notes: 1. This is the performance of an actual customer proprietary account handled and traded by Zig Traders. We cannot disclose personal information about the account owner as part of the privacy disclosure agreement 2. For more info, please browse thru the Portfolio Performance Guide Section found in the main menu |
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