8/26/16 Contest update
The EpiPen may not be mightier than the sword but it proved a powerful weapon for biotech short sellers this week. And it took a mere single Hillary tweet to put biotech stock investors into anaphylactic shock.
At Friday’s close, the Contest median was down -24.76% YTD (vs. down -23.15% YTD a week ago), the Nasdaq Biotech Index (NBI) was down -15.72% YTD (vs. down -14.25% YTD a week ago), while the smaller-cap S&P Biotechnology Select Industry Index (SPSIBI) was down -13.10% YTD (vs. down -12.08% YTD a week ago). The Nasdaq Composite Index (NCI) was up 4.22% YTD (vs. up 4.61% YTD a week ago).
MASTER’s portfolio, up 11.28% YTD, continued as Contest leader, with JBOG’s portfolio, up 8.83% YTD, and DNAJOE’s portfolio, up 2.95% YTD, holding on to second and third place.
At Friday’s close, there were still just 3 of the 58 Contest portfolios in the green, with 14 beating the NBI but only 11 beating the SPSIBI. The 223 Contest stock picks had an average YTD loss of -18.62% and a median YTD loss of -25.06%, with 55 of the 223 Contest portfolio stocks up for the year.
Below is the Top Ten list. Also below are the Top 5 & Bottom 5 Stocks for the week, ranked by % Gained and % Lost. (Prices not converted to US$ in these Tables.)
Portfolio adjustments: None
(All corrections, especially adjustments for splits, greatly appreciated.)
Have a safe & fun summer weekend biotechies.
Peace & good health,
Bulba
8/26/16
Rank Name Profit/Loss
1 MASTER 11,283
2 JBOG 8,831
3 DNAJOE 2,947
4 THEOX -7,466
5 GENE -8,941
6 DANIEL -9,029
7 GREER -11,413
8 BIOPLAY -11,622
9 JFM -12,053
10 FRED -12,785
Week's Top 5 Gainers
Symbol 8/19/16 8/26/16 Wk.%chg.
CLVS 17.25 23.15 34.20%
ADMP 2.65 3.47 30.94%
MTP 3.61 4.40 21.89%
MDVN 67.16 80.35 19.64%
CPRX 0.94 1.09 15.96%
Week's Worst 5 Losers
Symbol 8/19/16 8/26/16 Wk.%chg.
SPHS 5.79 3.52 -39.21%
NWBO 0.414 0.322 -22.22%
PTX 0.82 0.65 -20.65%
NVET 5.20 4.22 -18.85%
GNVC 0.73 0.61 -15.86%
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