Friday, August 16, 2013

ASX Competition Game 2 - update 16/08/2013

Two and half weeks into the comp sees Materials/Gold Sector investers leading the way. This sector has come to life after a miserable 8 months or so. It will be interesting to see whether this Gold's sharp positive move turns out to be a dead cat bounce.
I have 3 material positions which am planning to hold for the short term. May move into some cash positions next week if we see more market weekness.
The overall leader is Damo from Queensland with an 18% return. I am ranked 236th with a 6.4% return. The average investor is up a little over 1%.
Hot stocks so far include: SLR, SIR, ASL, & BKN
National performance summary
Your portfolio value was $53,195.52
Total number of ranked players 6431
Your ranking was 236
Average player value $50,502.04
% of players in profit 62.99%

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