balance 5-24 97053.6 5-23 bw POS DATE ENTRY EXIT DATE RESULT SFM S 5-24 6624 6588 5-28 400 DMM S 5-24 5416 5378 5-26 425 PLN L 5-24 357.5 364.5 5-28 300 SIN L 5-24 508 495 6-04 -700 KCN L 5-24 116.8 124.25 5-26 2743.75 SUN L 5-24 482 535 6-02 543.6 CLN L 5-24 1731 1712 6-04 -240 LHM L 5-24 5607 5010 6-10 -2440 CN L 5-24 215.6 219.5 5-28 137.5 CTN L 5-24 5729 5580 6-11 -795 JYM L 5-24 8140 8228 5-25 1050 SPM L 5-24 1325.2 1314.5 6-04 -2725 SPM L 5-25 1291 1314.5 6-04 5825 CDM L 5-25 6829 6805 6-04 -290 LCQ L 5-25 6192 6267 5-26 250 BPM S 5-25 1.6046 1.598 5-26 362.5 GCQ L 5-25 272.3 267 6-04 -570 DMM L 5-26 5356 5357 5-28 -37.5 PLN L 5-26 364 364.5 5-28 -25 KCN S 5-27 126.8 120.3 5-28 2387.5 HGN L 5-27 6575 6210 5-28 -962.5 SUN L 5-28 500 537 6-02 364.4 BON L 5-28 1784 1708 6-04 -506 HON L 6-01 3930 3982 6-02 168.4 CZ L 6-01 230 1/2 237.25 6-03 287.5 CDM L 6-01 6755 6805 6-03 450 BDM L 6-01 116-21 116-28 6-03 168.75 SFM L 6-02 6509 6536 6-03 287.5 WN L 6-03 261 257 6-04 -250 6610.4 Value as of 6-09-1999 103,664
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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERANT LIMITATIONS., SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTAION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT , THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITAIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSITE. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ADVERSLY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKET IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSLY AFFECT ACTUAL TRADING RESULTS..