We continue to see jockey of positions on our leader board, as positions 2 through 5 have adjusted. Marc M. remains the leader, but his portfolio slipped by 4% on the week, yet is up over 89% at 189.5K. However, we have a new No. 2, as Sangeeta P. delivered a 30% return on the week, with her portfolio now worth 123K. This is quite impressive, since in Week 2 her portfolio stood 6% below par. Lubomyr T. is holding down 3rd spot at 121K, as his portfolio softened by about 3.5% on the week. Jeffery Z. continues to run up the standings - remember, his portfolio was 49th after Week 1, then jumped to 25th spot after Week 2 and is now sitting in 4th spot at a value of 115K. Rounding out the Top 5 is Yuri B., at 113K, and whose portfolio continues to gain value week after week. Adam F. who was in 3rd spot last week, fell to 6th as his portfolio lost about 7%. The past week was a very nerve wracking one in the markets, with the Greeks threatening a referendum on accepting the austerity plan that was placed before by the powers that were providing them emergency funding (the IMF and ECB). What is interesting is that of the Top 5 portfolios, only the No.1 spot is a single position portfolio - all the others hold 5 positions (Lubomyr T. and Yuri B. actually have balanced portfolio positions, while Sangeeta P. and Jeffery Z. hold 5 positions, but the largest weight in each is 60% of the portfolio.
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