2011 calendar Year Performance

2011 was a poor performance year for anyone invested long in the stock market

2011 XAO

During the year my investments showed a negative return of 10.39%

I made a significant lost on Hastie Group during the first six months of the year and the general market weakness did not allow me to fully recover from the loss. UXC has been an under performer during the year and I continue to hold a significant number of shares in the company pending 2012 financial performance. Overall one of the worst trading years I have experienced.