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Strong Week ending Aug. 24th

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Gains in 20 of 23 stocks brought portfolio to highest N.A.V. to date at 10.42
By slowly easing into positions then adding on dips and selling the rallys over the 1st few weeks the fund was able to tolerate the volitility and avoid heavy losses.
Led by BCSI and CRNT along with energy stocks SLB VLO and XOM and renewed strength in RIMM AAPL DE and PCU adding to the increase.
Added this week were FXI and ELON already showing good strength.
In an effort to reduce fund to the 20 best positions MA BA and CX (all great stocks) were removed as they were seen as lagging others. 2 other positions CHK (down 3%) and CHNG (both natural gas) were kept for now but may be removed if lack of strength continues.

With fund now at 75% invested in 23 stocks 2 others besides CHK and CHNG are showing small losses CLB (down1%) showed good strength this week and FNM (down2%).

With 25% in cash dips in strong stocks will continue to be bought this week.

HEY

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