NSFG Breaks The Aforementioned Holding Pattern...

Despite the suck-full-ness of some of NSFG's recent actions, they continue to be a real outfit clawing their way back.

The main point of contention was the fact these guys didn't bother to tell us about their troubles early on, waiting three months to do so (even if said-troubles were real, which it appears they were.)

Here's the month-end update, and I found it to be refreshingly positive.


"Afternoon All,

Sorry for not getting this out to you over the weekend, but like many of you I am very busy on the weekends now with the lead up to Christmas.

Okay, well trading in November was tough with the only day that there was a real break out being the day after Thanksgiving. After sitting there till lunchtime with zero movement Ken had to leave the desk. Typically of course about an hour after this the market rallied, and rallied big.

Because we are trading more aggressively with the Pool account we had an order that we left in place, which we did not have for the Managed Accounts. Following the erratic movements in the final week we stepped away from the markets and let them find their direction.

We ended the Pool account +1.7% up, taking into account that this was another extremely low liquidity month it is a decent result. Couple this with the addition of the money that we add to the fund then we end up at 4.1%.

Not stellar by any means, but since we do real trading we get real returns.

The Statements will be sent out shortly, and will reflect this increase. As before should you choose to elect to take a withdrawal then please end the email to:

withdrawal@ns-fg.com

It will return you the relevant form. You will need to have this over to me by the 15^th of December.

On another note there have been several of you that have made additional deposits into your accounts, I have these recorded here however they WILL NOT appear on your statements as I am creating another database for these because they would only be eligible to receive the trading gains and not the additional amounts we put in. Please therefore bare with me on this one while I get that arranged.

The auto-trading system has been performing well and lots as though it will do us proud, there were a couple of minor bugs to do with trade management which we need to sort out. The plan for this system, is to get these all resolved, and then go live with our own money in Jan and then put it on general release after this. When we turned it off to get these sorted out it was up some 8% over a few weeks so it is looking good!

That’s about it, as always if you have any questions please do give me a yell!

Paul"

I also omitted a paragraph about an interesting presentation (19 minutes long!) Ken has created to showcase some trading. It can be found at NS-FG's site.

It's great to see these guys still kicking, and here's hoping they claw their way back to the mantle.