Week Five - The Race is Tightening Up!

With apologies to our participants and followers, we have finally posted the updated portfolio positions as of the close on Friday, November 18th. We had four portfolios entering trades on the 17th, and so we took some time to get those marked and entered into the portfolios. What a brutal week it was, as the TSX gave up over 300 points to close down 3.1% on the week, while the TSX Venture was down 2.0% on the week and the S&P 500 Index was down 3.8% on the week. This has brought about a re-alignment once again of our leader group. Marc M. remains at the top, but his portfolio has come down a lot and is up only 37% relative to the start of our competition. We have a new portfolio in 2nd place, Lubomyr T., while Lubomyra T. is in the top 5 for the first time, gaining 3rd place as of November 18th. The biggest gainer on the week was Alexander R., whose portfolio was up 13%, taking him from a negative 5% return since the start of our contest to November 11th, to a positive 7% at November 18th. He is now holding 5th place, while Michael P. is in 4th place. The competition is becoming tighter as many portfolios continue to jockey for position week to week.