GalleonFX - 09/29/07 Record gains as improvements bring 48% & 75% in Sept

As the month of September is coming to an end, we could have never expected things would have ended up this good. The recovery from our previous two months draw down is complete and EVERYONE of Galleon’s clients that has NOT withdrawn funds is in profit again.

Final official numbers will be posted soon but looking at the accounts now it appears that the USD PAMM is up about 75% for September whereas the EUR PAMM is up almost 48% for September. The difference in the percentage is due to leverage. Leverage will be adjusted as we continue into October and we hope to have the returns for both PAMMs about equal after October trading.

The strategy enhancements we have made the previous month that were implemented the last 2 weeks of August have really worked out nicely. Unfortunately we had to go through a pretty scary July and August month before we can get to where we are today but the new additions should lessen future draw downs, give more diversification and allow us to trade with lower leverage while making our profit potential even higher. All are good things.

To get a better idea of how our new implementations are working read the previous news items we posted just a week ago on our website.