5/9/08 update
Given the surging price of oil and continuing multi-billion dollar loan writedowns, stocks didn't fall as much as one might expect for the week. At Friday's close, the Nasdaq Composite Index was down -7.80% YTD (vs. down -6.61% YTD a week ago), while the Nasdaq Biotech Index was down -4.54% YTD (vs. down -2.44% YTD a week ago). The median of the Contest portfolios also fell, closing the week down -10.02% YTD (vs. down -8.92% YTD).
At week's end, as was the case a week ago, 9 of the 33 Contest portfolios were in the black YTD with 10 of the portfolios beating the NBI. ROBERT's portfolio remained in the lead with a 25.4% YTD gain and GENE's portfolio was in second place with a 20.6% YTD gain.
Enjoy the weekend folks!
Below is the Top Ten list on 5/9/08:
5/9/08
Rank Name Total
1 ROBERT 25,442
2 GENE 20,611
3 RCMAC 9,573
4 JACK 4,299
5 BULBA 3,492
6 CASA 2,528
7 HAMMER 2,136
8 FRED 1,433
9 LJM 1,001
10 PGONEIL -2,967
(All corrections, especially adjustments for splits, greatly appreciated.) |
