10/11/13 Contest Update
This week’s biotech roller coaster ride was more thrilling than most. But, unfortunately, some Contest favorites, notably ARIA, were thrown from their car before the uphill climb. When the ride was over, at Friday’s close, the battered Contest median was still up a respectable 53.97% YTD (vs. up 67.88% YTD a week ago). The Nasdaq Biotech Index was also hit hard, finishing up 46.74 % YTD (vs. up 55.10% YTD a week ago), while the Nasdaq Composite Index, up 25.58%% YTD (vs. up 26.11% YTD a week ago), did much better with only a small loss for the week.
Our leader, RKRW’s portfolio, was deflated as well, but still held a substantial lead with a 137.40% YTD gain. BLADE’s portfolio remained in second place with a 110.55% YTD gain and GHMM’s portfolio, up 108.19% YTD, moved into third place.
At Friday's close, 37 of the 39 Contest portfolios were in the black with 22 of the 39 beating the NBI.
Below is the Top Ten list. Also below are the Top 5 & Bottom 5 Stocks ranked by % Gained and % Lost for the week.
Portfolio adjustments: Portfolios holding TSRX were reallocated to reflect proceeds from its buyout by Cubist. Buyout price was $13.50 but TSRX holders also got CVRs which aren’t traded. So I used the final 9/11 closing price of $13.63 as my reallocation basis, as well as the 9/11 closing prices of other portfolio holdings. The six Contest portfolios which held TSRX, with their initial TSRX allocations, are as follows: BAGEL (10%), BLADE (5%), DONS (10%), DOUGH (20%), NP1986 (15%), TWONE (10%).
(All corrections, especially adjustments for splits, greatly appreciated.)
Travel alert: I’ll be tripping for a couple of weeks, so it’s unlikely I’ll post a Contest update until November 1st.
Peace & good health,
Bulba
10/11/13
Rank Name Profit/Loss
1 RKRW 137,399
2 BLADE 110,547
3 GHMM 108,185
4 ROBO 104,016
5 NIGEL 93,838
6 MCBIO 92,010
7 FILO 89,015
8 BIOMAV 84,446
9 BIOJIM 83,661
10 BULBA 82,419
Week's Top 5 Gainers
Symbol 10/4 10/11 Wk.%chg.
ARWR 6.04 8.05 33.28%
CRME 4.10 5.08 23.90%
ATHX 1.65 1.92 16.36%
BLRX 2.59 2.98 15.06%
NVIV 1.40 1.56 11.43%
Week's Worst 5 Losers
Symbol 10/4 10/11 Wk.%chg.
ARIA 18.80 4.260 -77.34%
AMRN 7.18 5.090 -29.11%
ECYT 14.37 10.500 -26.93%
ACAD 28.77 21.490 -25.30%
IDRA 2.86 2.270 -20.63% |
