A good first quarter to start with. Always a confidence booster to be in the money on start. The mi50 strategy has yielded 25.97% absolute return for the period Apr-Jun 2016. The Nifty 50 in the same period yielded 7.1%, CNX 500 8.2%, CNX 200 7.5% and CNX small cap 19%. The composition of mi50 … Continue reading First Quarter mi50 report – Up 25.97%
Mi50 stocks got hit along with the rest of the market. No major damage however. No changes as well this week The mi50 portfolio closed at +16.4% , about 3% lower that last week. The benchmark indices lost about a percent each. The Nifty closed at +4.5% and the CNX500 at +5% for the … Continue reading Tough week for market…No change
mi50 closed the week at +19.39% vs 15.17% last week. The Nifty and the CNX500 remained flat. There were no changes in the portfolio this week. UperGanges was the star performer and is up 195% . The worst laggard now is 3Mindia at -9%. The internals look like this : #Wins Avg #Losses Avg 41.00 … Continue reading mi50 : A good week of out-performance..
UperGanges bought on Apr 4th at 124 became the first 3x bagger for mi50 at 374 today. The rise has been phenomenal to say the least and brings home the basic tenet of momentum investing..."Trend trade in the direction of momentum ....don't be afraid.. just don't oppose it".
Oudhsugar has become our third stock to double since we started Apr 1 2016.... Mini celebration time 🙂