To channel that old PBS kids program “Sesame Street”…
This week’s status report on the Biotech Values Board Charity Stock Picking Contest is brought to you by the letters “RVNC” and the number “2”.
Ok, so we did have a pretty good week, and by “we” I mean the NASDAQ composite (up +4.1%) the NASDAQ Biotech index (+5.4%) and the S&P Biotech Index (+5.2%).
The big winner stock for the week was NVTA, a “leading medical genetics company" up +45%, apparently on the basis that someone at Motley Fool has talked them up. And in the number five slot we found RVNC (up +31%), which at least had hard news behind its great week: the FDA has approved its Botox-like drug for the treatment of wrinkles. Not exactly a technical breakthrough, but at least it’s a sensible reason for the upturn. Another reason to talk about RVNC is that it is the largest “position” in the contest portfolios: the choice of five different portfolios putting up a total of $75,000 of their monopoly money. And it's not like many of the big weekly winner where the impressiveness of a big percentage uptick is somewhat diluted by starting the week with a very low YTD value. In this case, the FDA approval raised an already “winning” stock for the year to a YTD return of +74%, the third best pick in the contest.
In other news, ETTX was purchased by NVTA with a $2.20/share cash offer. The closing date for the sale was back on July 11th, but it was only this week that Yahoo’s report stopped giving a value for it, which got the spreadsheet’s attention. ETTX began the year at $2.19, so the single portfolio that included it saw a ROI of +0.5% (hey, it’s positive!). Those funds were reinvested in their remaining stock choices, using market close prices on July 11th. Also, for those keeping score at home, BBI will change its ticker to FRTX when the market opens on Monday.
Collectively it was a good week for the contest portfolios, with the median performance up ~3%, although it did not outperform the composite indices.
The members of the YTD top ten portfolios club didn’t change from the previous week, but that doesn’t mean there wasn’t excitement. Except for DIEGOSAN in first place, who is back in the black for the year with +3.1%, everyone is in a different position from last week.
Oh and that number “2” I mentioned at the start? That’s because for the first time for the year we now have TWO(!!!) portfolios simultaneously in the black YTD. DEW DILIGENCE is now in second place with a YTD of +0.26%. This is also the narrowest gap between first and second for quite some time Nobody should be surprised as DEW is the biggest holder of RVNC, which made their’s the best performing portfolio for the week. DIEGOSAN gave it a miss, though obviously they have their own winners. Excitement! Thrills! Come back next week for more!
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Report Time Ranges
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From
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To
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Recent
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8/26/22
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9/9/22
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YTD
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12/31/21
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Index Performance
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Symbol
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Recent
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YTD
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^IXIC
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4.14%
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-22.58%
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^NBI
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5.45%
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-13.68%
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^SPSIBI
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5.17%
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-21.35%
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Share Performance
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Recent
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YTD
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Top 5
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Bottom 5
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Top 5
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Bottom 5
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NVTA
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44.928%
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TOMDF
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-25.368%
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OPTN
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131.48%
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GNCA
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-99.03%
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AMRS
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37.729%
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AMBS
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-21.429%
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CBIO
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113.35%
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PTE
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-93.96%
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EYEN
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36.158%
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PRDS
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-17.500%
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RVNC
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74.45%
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VLON
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-93.45%
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DYN
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34.567%
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FENC
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-14.208%
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ALDX
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64.25%
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PRQR
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-90.19%
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RVNC
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31.017%
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RNLX
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-12.690%
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IONS
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53.93%
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PLXP
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-90.11%
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Top 10 Portfolio YTD
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YTD(Portfolio - SPSIBI)
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Rec
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Rec(Port. - SPSIBI)
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DIEGOSAN
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3.10%
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24.45%
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3.976%
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-1.190%
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DEW DILIGENCE
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0.26%
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21.61%
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12.738%
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7.572%
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TECHNETIUM
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-7.01%
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14.34%
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10.673%
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5.507%
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BRENDAN_49
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-11.14%
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10.21%
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-0.384%
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-5.550%
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BIOSCIENTISTSA
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-11.28%
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10.07%
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10.903%
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5.737%
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GENEGURU
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-16.18%
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5.17%
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0.752%
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-4.413%
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JACK HARTMANN
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-18.64%
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2.71%
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7.002%
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1.836%
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BULBAMAN
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-18.85%
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2.50%
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7.045%
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1.880%
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A.J. MULLEN
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-20.54%
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0.81%
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6.388%
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1.222%
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KMASTRA
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-21.26%
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0.09%
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-1.562%
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-6.728%
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Average and Median Portfolio Performance
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Avg Recent
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Avg YTD
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Median Recent
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Median YTD
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$3,170
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-30.10%
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HORSEINALFALFA
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$2,258
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BMAZ001
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-34.46%
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4.56%
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THEHAMMER
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3.777%
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