7/3/15 Contest update
Is the euro-dispensing ATM machine the modern-day equivalent of the Trojan Horse? Greek voters will get a chance to answer this question on Sunday. (See below if you want to read Paul Krugman’s take on the vote.)
Meanwhile, biotechs gave up a bit of their YTD gains in the shortened pre-Independence Day week. At the close of trading (Thursday in the U.S.), the Contest median was up 33.71% YTD (vs. up 34.92% YTD a week ago), the Nasdaq Biotech Index closed up 21.99% YTD (vs. up 22.70% YTD a week ago), while the smaller-cap S&P Biotechnology Select Industry Index closed up 32.42% YTD (vs. up 34.05% YTD a week ago). The Nasdaq Composite Index was up 5.77% YTD (vs. up 7.27% YTD a week ago).
We have a new Contest leader! DANIEL’s portfolio, up 88.72% YTD, climbed into first place with DEWDIL’s portfolio, up 78.96% YTD, dropping to second place after a rough week for its star performer, EGRX. DONS’ portfolio, up 74.30% YTD, held on to third place.
At the week’s close, 47 of the 51 Contest portfolios were in the black with 35 beating the NBI and 28 beating the SPSIBI. The 206 Contest stock picks have an average YTD gain of 22.81% and a median YTD gain of 8.35%.
Below is the Top Ten list. Also below are the week’s Top 5 & Bottom 5 Stocks. (Foreign stock prices not converted to US$ in these Tables.)
Portfolio adjustments: ZGNX did 1-8 reverse split.
(All corrections, especially adjustments for buyouts & splits, greatly appreciated.)
Have a terrific Independence Day weekend biotechies!
Peace & good health,
Bulba
Krugman on Greek referendum:
www.nytimes.com/2015/07/03/opinion/paul-krugman-europes-many-disasters.html?
An excerpt:
“One of the great risks if the Greek public votes yes — that is, votes to accept the demands of the creditors, and hence repudiates the Greek government’s position and probably brings the government down — is that it will empower and encourage the architects of European failure. The creditors will have demonstrated their strength, their ability to humiliate anyone who challenges demands for austerity without end. And they will continue to claim that imposing mass unemployment is the only responsible course of action.
“What if Greece votes no? This will lead to scary, unknown terrain. Greece might well leave the euro, which would be hugely disruptive in the short run. But it will also offer Greece itself a chance for real recovery. And it will serve as a salutary shock to the complacency of Europe’s elites.
“Or to put it a bit differently, it’s reasonable to fear the consequences of a “no” vote, because nobody knows what would come next. But you should be even more afraid of the consequences of a “yes,” because in that case we do know what comes next — more austerity, more disasters and eventually a crisis much worse than anything we’ve seen so far.”
7/2/15
Rank Name Profit/Loss
1 DANIEL 88,720
2 DEWDIL 78,962
3 DONS 74,302
4 MCBIO 70,114
5 GUERL 64,677
6 CLARK 64,355
7 FRED 61,778
8 MOPGCW 54,721
9 IJF 53,298
10 IMAN 52,628
Week's Top 5 Gainers
Symbol 6/26/15 7/2/15 Wk.%chg.
AGTC 15.530 19.030 22.54%
SCLN 9.360 11.060 18.16%
JUNO 46.610 54.020 15.90%
AFMD 12.750 14.500 13.73%
EKSO 1.080 1.220 12.95%
Week's Worst 5 Losers
Symbol 6/26/15 7/2/15 Wk.%chg.
KIPS 0.033 0.021 -37.88%
XENE 12.190 9.880 -18.95%
SZYM 3.510 3.020 -13.96%
OMER 19.700 17.100 -13.20%
CPXX 2.400 2.140 -10.83% |
