PRINCETON, N.J., Dec. 3, 2004 (PRIMEZONE) -- FindProfit (www.findprofit.com), an investment service that delivered a +67% audited return in 2003, announced today its three model portfolios have outperformed the broader indices both year-to-date and in November.
Holdings in FindProfit.com's model portfolios that were responsible for the strong gains in November include Activision (Nasdaq:ATVI), Willis Group (NYSE:WSH), Contango Oil & Gas (AMEX:MCF) and Liberty Media International (Nasdaq:LBTYA).
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FindProfit.com's Special Opportunity portfolio posted the biggest gain November, returning 9.92% compared to the Dow Jones Industrial Average's 3.72% growth, the S&P 500's 3.83% rise, and the Nasdaq's 5.91% jump.
The primary area of "pain" FindProfit.com portfolios felt in November was on the short side, which is not surprising given the broader backdrop. However, strong gains from names such as U.S. Steel (X), VeriSign (VRSN), Intermix Media (MIX) and Pine Valley Mining (PVMCF) helped offset the shorts, and powered FindProfit.com's portfolios to better gains than the major indices.
Year-to-date, FindProfit.com's high risk, high return Babe Ruth model portfolio has posted a 15.13% return, compared to the Dow Jones Industrial Average's -0.25% drop. The long-term growth Tiger Woods model portfolio has more than doubled the S&P 500's rise, returning 12.15% compared to 5.57% for the broader index. Likewise, the Special Opportunity model has outperformed the Nasdaq more than two-fold, posting a return of 10.2% year-to-date compared to the Nasdaq's 4.66% gain.
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FindProfit finds you winners. The service posted a +73% audited-return in 2002, audited model portfolio gains of 67%, 58%, and 34% in 2003 and model portfolio returns of approximately 15%, 12% and 10% for the first eleven months of 2004.
About FindProfit.com:
FindProfit.com is a leading publisher and provider of lively, fun, and profitable investment commentary for individual investors who love the stock market. As a 100% independent investment service, FindProfit's only bias is towards making its subscribers money. FindProfit's real-time "as it happens" investment service gives individual investors the edge they need to consistently beat the market. For more information or to sign up now for a free 30-day trial to FindProfit, please visit: https://www.findprofit.com/subscribe/index.php?refer=zone244
NOTE: FindProfit, LLC is not a registered broker dealer, registered investment adviser or registered research analyst.