2/20/09 update
Investors appeared to be channeling President Hoover this President's Day week and stocks continued to swoon. At Friday's close, the Nasdaq Composite Index was down -8.29% CYTD, or "Contest Year To Date" (vs. down -2.37% CYTD a week ago). While the Nasdaq Biotech Index also fell for the week, it did manage to close up 1.11% CYTD (vs. up 5.87% CYTD a week ago). But the Contest median did drop into negative territory, closing down -5.42% CYTD (vs. up 4.26% CYTD a week ago).
Although GHMM's portfolio had a rotten week, it was less rotten than its competitors for the lead and it remained in first place. CASA's portfolio slid into the No. 2 position with SCARAM close behind. The CYTD percentages were: GHMM up 10.39%, CASA up 6.14% and SCARAM up 5.41%.
At Friday's close, 8 of the 32 Contest portfolios were in the black and 6 of the 32 beat the NBI.
Have a terrific weekend folks!
Below is the Top Ten list on 2/20/09:
2/20/09
Rank Name Profit/Loss
1 GHMM 10,391
2 CASA 6,135
3 SCARAM 5,412
4 ENZYME 5,068
5 PRAVN 3,649
6 RKRW 1,488
7 BULBA 389
8 ASHLEY 308
9 ROBERT -420
10 WILDER -2,923
(All corrections, especially adjustments for splits, greatly appreciated.) |
