February is a month of two halves. The first half of the month had been phenomenal with prices of Apple Inc reaching $360 and Las Vegas Sands $48. The second half of February turned out to be bad with the violences and uncertainties in the MENA region. There were also rumors about the health condition of Steve Jobs which caused Apple’s stock to plummet, wiping out the majority of our profits from the spectacular first half of the month.

TSTA was up 0.91% in February. We underperformed as compared to the S&P 500 which was up 3.18%. Asian markets were not doing well at all with Singapore’s FTSE-STI down 5.32% and Hong Kong’s Hang Seng down 0.47%.

On an accumulated basis, TSTA is up 2.73% for the year. S&P 500 is up 5.52%, FTSE-STI is down 6.25% and Hang Seng is almost flat, gaining just ...