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The SweetSpot Investment
Letter
October 1, 2007
Subject: Q3 2007
Greetings,
It's a scientific fact that a loss feels twice as bad as a gain
feels good. Maybe that's why many of us who were unable to look away during the rough-and-tumble third quarter felt pretty
beat up.
The hard numbers: In the first six months of 2007, our holdings were up 14.9% to the market's 6.9% gain.
Three months later, we're up 17.8% while the market is up 9.1%. We can't help how we feel but in reality we have added three
points to our gain and widened our lead over the market.
Going into the home stretch of our 2005-'07 trade, autos,
industrial equipment, and materials are up a combined 54.1% to the market's 33.4% gain. Our most recent sweet-spot trade,
the first we have made under our revised strategy, is up 22.0% in its first nine months, while our first-ever hot-hands trade
is up 18.6%...
Cheers,
Neil
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