It is quite nice to be in the black for the YTD, when the All Ords Index is still negative for the year. It has only been the last couple of months that some trends have developed and these have been mainly in the small resources and companies servicing this sector. This does re-inforce the 2 speed economy that is the new catch phrase in the press. I'm also holding FLT & WEB - both travel and undoubtedly helped by the soaring AUD making overseas holidays very attractive. Graincorp(GNC) also is looking promising - I'm guessing on the back of all of the rain we have had. I will also explain my performance table. VAMI is an acronym for 'value added monthly index'. Basically it records the movement in the account from the change in value of investment. In trading terms this means total equity, both open and closed trades. VAMI is the accepted method used by hedge funds for recording performance.
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