DAYTRADING (January 2009)

Description: The DAYTRADING program trades U.S. big cap stocks and futures (Equity Indexes, FX and Commodities) through long and short positions with no overall bias. No trade shall be carried overnight. This is not a capital guaranteed portfolio. It is rated as "Medium" risk (since inception, the standard deviation on returns has been 2% per month).

Monthly balance (Jan 09): -0,1%

Year to date (2009): -0,1%

Portfolio since inception (Mar 08): +8,0%

ECB's Euribor rate (Benchmark) since portfolio's inception: +3,2%

January 5th:
- BOT Merck @ 31,61 and SLD @ 30,63.

- SLD JP Morgan @ 29,67 and BOT @ 29,25.

January 6th: No trades.

January 7th:

- SLD Disney @ 23,42 and BOT @ 23,18.

January 8th:

- SLD JP Morgan @ 27,31 and BOT @ 27,22.

January 9th: No trades.
January 12th:

- SLD JP Morgan @ 25,17 and BOT @ 24,92.

January 13th: No trades.

Enjoy your evening.