12.5% outperformance so far this calendar year. That's what we're on target for given the FT100 falling from year start levels of 4000 down to the current 3500 levels. But as the latest copy of the newsletter (<A HREF="http://www.cjam.pwp.blueyonder.co.uk/html/newsletter.html)" target="_new">http://www.cjam.pwp.blueyonder.co.uk/html/newsletter.html)</A> indicates, not something to feel too boastful about. Onwards and (hopefully sooner rather than later) upwards.