Portfolio A1 Begins 2008 By Increasing Gap on SPX

While the first three trading days of 2008 knocked 0.8% off of the value of Portfolio A1, this was much better than the 3.9% loss in the benchmark S&P 500 index. Since the February 16, 2007 inception, Portfolio A1 now stands with a gain of 21%, in contrast to a 3% loss for the SPX.

Brasil Telecom Participacoes S.A. (BRP) was the only stock in the portfolio that advanced during the week, bucking the downtrend in US-based technology stocks.

There no changes to the portfolio this week.

A snapshot of Portfolio A1 is as follows: