Saturday, May 10, 2008

Result Of Friday March 9 - Beat The Market

The market was a disaster on Friday with disappointing earning from AIG. By the end of the day Dow dropped 120 points or 0.94% while S&P 500 lost 0.67% and Nasdaq was 0.23% in the red. The other major index, Wilshire 5000 which represents the actual market, was not far from S&P with 0.57% loss. So to beat the major indices all I need to do was to lose less than 0.23%. Here's how my portfolio did compare to the major indices:

Dow 0.94%
Nasdaq 0.23%
S&P 500 0.67%
Wilshire 5000 0.57%
My Portfolio 0.69%

So I lost 0.69% right? A little worse than S&P 500? No! Actually I was able to pull off a surprising 0.69% gain on the day thanks to 8.37% gain from Darling International(DAR) due to strong first quarter earning. Here are how the rest of the stock did for the day.

Symbol(Gain/Loss)
ABB(0.54%)
ACM(0.54%)
BRCM(0%)
C(2.76%)
CHNR(1.82%)
CPST(0.68%)
CSUN(0.3%)
DAR(8.37%)
FNM(0.65%)
GTE(1.1%)
LFT(1.52%)
MPEL(1.62%)
NVDA(2.64%)
SDA(1.85%)
STO(1.98%)
VSCI(5.74%)
Overall(0.69%)

The biggest surprise comes from graphic chips maker Nvidia which despite posted earnings below the Street's estimate yet still pull a 2.64% gain due to 34% jump in first quarter profit which investors see as a positive sign. The medical diagnosis maker Vision Science continue it's crazy bullish journy with anthor 5.74% gain and push my overall gain now to 43%.

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