UCU IC lll Week 4 plus a day

With Rememberance Day falling on Sunday, most financial institutions were closed for Monday, and UCU was no exception.  Hence, we are a day behind in our post, and we have taken a snapshot of the portfolios following Week 4, plus Monday's market results as well.

Following 5 days of poor markets, we are happy to state that more than 50% of the portfolios entered into the contest are sitting with positive returns.  Some of these have actually performed quite impressively over the past 4 weeks.  Thins seem to be positioning themselves nicely for Trading Day, which is this Friday, November 16th - so if you want to make changes to your portfolio, positions will be sold and bought with pricing as at the close of November 16th.

Currently, sitting in 1st Place is George F.  He has been in this position since the start of the contest, and his portfolio generated a 16% return over the past 6 trading days.  Not too far behind in 2nd Place is Andrew R., whose portfolio returned 5% on the week.  In 3rd Place at the moment we find Peter Tr., as his portfolio returned 2% on the week.  Not bad considering it was a very volatile week, as the markets were displeased with the President Barak Obama winning a second term, and Greece struggled to raise $5 billion to pay off maturing debt.

We look forward to any changes that our participants wish to make in their portfolios, and we remind them again that midnight on Friday, November 16th is the deadline.  We will be posting updated stock screens for the TSX Composite, TSX Venture and S&P 500 Index by Thursday.