12/14/12 Contest Update
The week ended with the FDA’s surprise early approval of Ariad’s ponatinib. This was terrific news for patients but ARIA’s stock took a dive, apparently because the FDA black box warning label was scarier than expected. ARIA was the second most popular Contest portfolio stock pick (being in 13 portfolios, with only MNTA in 14 more popular), yet the Contest median still managed to have an excellent week.
At Friday’s close, the Contest median was up 27.16% YTD (vs. up 23.89% YTD a week ago). In comparison, the Nasdaq Biotech Index was up 32.83% YTD (vs. up 31.70% YTD a week ago), while the Nasdaq Composite Index was up 14.06% YTD (vs. up 14.31% YTD a week ago).
Contest leader GENE’s portfolio, up 164.49% YTD, had another sizzling week, widening its lead over No. 2 RKRW’s portfolio, up 134.39% YTD. BIOMAV’s portfolio, up 58.22% YTD, was hurt by ARIA’s drop but still managed to hold on to third place by a smidgen.
At Friday's close, 6 of the 38 Contest portfolios were still in the red, with 15 of the 38 portfolios beating the NBI.
Below is the Top Ten list. Also below are the Top 5 & Worst 5 Stocks ranked by % Gained and % Lost for the week.
(Foreign stock prices are not converted to US$ in the weekly and YTD Top 5 & Worst 5 tables, when posted.)
Portfolio adjustments: Symbol change with NEO replacing NGNM.
My heart goes out to the families of the children and teachers slaughtered in Connecticut. Hopefully, this will be a weekend of reflection on what we can do to prevent such tragedies in the future.
(All corrections, especially adjustments for splits, greatly appreciated.)
P.S. I’d still appreciate feedback on my proposed change of the Contest end date to Monday, 12/31. See my prior post on the change here:
Message 28599540
12/14/12
Rank Name Profit/Loss
1 GENE 164,492
2 RKRW 134,387
3 BIOMAV 58,220
4 PGO 58,005
5 TNSAF 55,177
6 BULBA 52,395
7 DOUGH 51,590
8 BIOJIM 48,389
9 ANON 44,547
10 DONS 43,976
Week's Top 5 Gainers
Symbol 12/7 12/14 Wk.%chg.
CRME 0.26 0.50 95.31%
YMI 1.62 2.88 77.78%
GERN 1.06 1.53 44.34%
ISR 0.50 0.66 32.03%
CLDX 5.52 6.70 21.38%
Week's Worst 5 Losers
Symbol 12/7 12/14 Wk.%chg.
ZGNX 2.36 1.21 -48.73%
RIGL 8.19 6.52 -20.39%
PYMX 0.20 0.17 -15.00%
RGDX 1.60 1.36 -15.00%
ARIA 22.07 18.93 -14.22% |
