Sell, Buy, Hold - What Did You Do on Trading Day?

On November 16th the UCU Investment Challenge III had it's Trading Day, as the competion heads into the final stage.  Participants were allowed to switch out of any or all of their positions for new ones, or re-adjust their portfolios in any way, as long as they maintained a minimum of 3 positions (not including cash) and each position was at least 10% of the portfolio.

Although the contest at this point has a clear leader in 1st position (George F.), the battle for the remaining two money spots is still quite heated.  The 37 portfolios in the contest, only 6 were active on Trading Day.  Peter Tr., Pawel S., Simon C., Thomas W., George F. and Oleh M. were the active traders, looking for new opportunities to either secure the gains they've realized until now, or to re-gear their portfolios for the last push towards the Winner's Circle.  It isn't a surprise that George was active, as he shifted most of his portfolio into bond ETFs, putting on the biggest Risk-Off trade of the contest.  Peter, Simon and Thomas re-geared their portfolios, concentrating on stocks they hope to see win big in the second half.  Oleh took a balanced approach to reshaping his entire portfolio, and Pawel made one switch trade in the tech sector.

We hope to send out the portfolios shortly for review to our contestants, and we will re-post the performance chart early next week following today's closing values.

Good luck to everyone into the home stretch!