12/14/07 update
The 2007 Biotech Charity Contest has ended and our winner is:
TECHNET!
Although TECHNET's portfolio has been in the lead since mid-September, it got a last minute scare from the surging portfolios of FILOF (pumped today by BMRN) and ROBERT (pumped yesterday by RIGL). However, in the end, TECHNET held the top spot with a 13.58% YTD gain.
Mazel Tov, TECHNET!
Despite losing the crown, both FILOF (up 10.43% YTD) and ROBERT (up 9.18% YTD) did beat the Nasdaq Biotech Index 6.07% YTD gain. Mazel Tov to both of you, as well!
Two other portfolios wound up in the black, my own (up 1.77% YTD) and PGONEIL's (up .079% YTD), making it 5 of 31 contestants finishing with a profit for the year.
The median for the contest portfolios finished down -16.71% YTD.Obviously, 2007 was not a good year for small-cap biotechs. Let's hope 2008 will be better!
ATTENTION TECHNET: Please post your favorite charity as soon as possible so contestants can donate their pledge amounts in time to take a 2007 tax deduction.
ATTENTION CONTESTANTS: Please let me know if I've made any significant errors in my numbers. And don't forget to make your donations.
Have a terrific winter weekend everyone!
Below is the Top Ten list on 12/14/07:
12/14/07
Rank Name Total
1 TECHNET 13,584
2 FILOF 10,436
3 ROBERT 9,184
4 BULBA 1,773
5 PGONEIL 794
6 STEVEL -610
7 CASA -6,576
8 ICEBERG -7,218
9 GEORGIA -9,829
10 MANNY -10,768
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