Portfolio of the Week

[jiesen]

Well done, Doug. Congrats on the victory!

Also, congratulations to Gary for sneaking up again in the cumulative rankings... very nice job, there!

[IIC]

Thanks everybody...Unfortunately I only made 2% on OMNI in real life...Doug(IIC)

[jiesen]

I have proved my worth. What say you- is there room in the VTP for some peanuts? My Vulcan death grip has been steadily improving.

yeah, nice jorb there, peanuts. lol. if only someone would buy your short picks they could very well wi... oh wait, nevermind!

[jiesen]

Thanks everybody...Unfortunately I only made 2% on OMNI in real life...Doug(IIC)

yeah, but 2% is still a good win. if you do just 2% per month overall, but you do it every month, you'll come out ahead of Warren Buffett in the long run (unless you have to pay taxes on it).

nice job on the POTW win. Even nicer job on the real win!

[IIC]

yeah, but 2% is still a good win. if you do just 2% per month overall, but you do it every month, you'll come out ahead of Warren Buffett in the long run (unless you have to pay taxes on it).

nice job on the POTW win. Even nicer job on the real win!

My goal has always been 2% a week overall...works out to a compounded 280% annually...But I've never come close...IIC

[billyjoe]

Doug,
If I can average -3.94% for over 20 weeks I'm sure you can get the +2%.

-----------billyjoe

[MickyMouse]

Rob,

Start me with cash pls. Thanks.

Mickey

[Lyehopper]

HUGE win IIC!!!! Jiesen takes the points lead and wins the Qtr!

WTC Doug! You were HUUUUGE!!!! this week!

Congrats to "Q" ....and Websman too!!!!

And JIESEN is our overall points leader and 2nd QTR points Winner!!!! Lets hear it for Jiesen fellas!!!! HUUUGE play dude! Something to be said for "buy and hold" here folks....

[jiesen]

WTC Doug! You were HUUUUGE!!!! this week!

Congrats to "Q" ....and Websman too!!!!

And JIESEN is our overall points leader and 2nd QTR points Winner!!!! Lets hear it for Jiesen fellas!!!! HUUUGE play dude! Something to be said for "buy and hold" here folks....

hey, thanks Lye!

[New-born baby]

The Inner Circle

I have proved my worth. What say you- is there room in the VTP for some peanuts? My Vulcan death grip has been steadily improving.
And just for good measure, I request a meeting of the inner circle.

Okay. The Inner Circle is in session. What do you want?

[IIC]

Nice going to J, Gary and Rob on the overall avg.

But to be honest, collectively we are not doing very good...I know one problem I have is that when I'm way behind during a particular week I just give up and don't even sell my pick because I've never really thought about the overall avgs. Maybe others do the same???...IIC

[JohnHenry]

Congratulation to the top three winners and I have a question. Can I buy the same stock that I did the last week or I have to pick a new one weekly?

I’m not doing well with the POTW. Does any have ideas on how to improving my pickings?

[jiesen]

yeah, of course you can, stky. If you hadn't noticed, I won last quarter's overall average by picking AMLN nearly every week. Buying and holding a stock that you know is undervalued will usually work out better than moving in and out of stocks you hope will move right when you pick them.

and Doug, I am a bit disappointed that you'd discount the overall performance. After all, anyone can get lucky for a week. It's how your picks work out overall that will determine success, right? I always thought that the weekly contest was a bit silly, since you could just game it by picking volatility over quality, and you'd win more often that way. But with an overall average, it's the only way to really tell if any decent stock-picking is happening, and the only way the contest makes any sense.

And you're right, Doug, overall we aren't doing so well. But relatively speaking, stky, you're doing just fine. Note that you're in 8th overall for Q2, which isn't bad for a beginner! Only 8 people finished in positive territory, and you're one of 'em. Keep it up! To pick better stocks, I suggest you keep at what you're doing, and learn as much as possible about business in general- and learn what works and what doesn't by practicing, observing, and just using your logic and common sense.

[IIC]

Well J...I don't think the overall performance is very good...and I'm including myself.

Been a pretty wacky year though...At one point I was up over 30% YTD...then I was slightly red...now overall I'm up right about 8% YTD...WITS is the killer though...I'm only up 2.5% on it YTD and at one time this year I was up almost 28.9% on it (in March). ABAX which I don't own as much of as WITS was dn 25.1% off my buy point a couple of weeks after I bot it in Early May...Now I'm up almost 2% on it.

I've had some decent dt's and swings...nothing huge...but I'm running over 65% gainers.

Doug(IIC)

[New-born baby]

Nice going to J, Gary and Rob on the overall avg.

But to be honest, collectively we are not doing very good...I know one problem I have is that when I'm way behind during a particular week I just give up and don't even sell my pick because I've never really thought about the overall avgs. Maybe others do the same???...IIC

Doug,
I don't trade with my money like I do the POTW. On POTW, I don't time my entries because often I have to leave the office for a day or even several days at a time. And if my pick collapses, I don't sell it off. Like you I just give it up. Then there have been a few weeks that I didn't tell Rob i wanted to be in cash, so I took a 5% hit. And once I was Robbed by not informing Rob that I wanted to short PARL before the deadline. So I haven't done so well in this contest. On the other hand, my lack of success in POTW has not affected my bottom line.