GROUP EFFORT; INVESTMENT CLUBS AT A LOSS IN COPING WITH DAILY NEWS STOCK CONTEST.Byline: Deborah Deborah (dĕb`ōrə), in the Bible, prophetess and judge of Israel, the only woman to hold that office. Under her guidance Barak conquered Sisera and delivered Israel from the oppression of the Canaanite King Jabin. Adamson “Adamson” redirects here. For other uses, see Adamson (disambiguation).
The Adamson was an English car manufactured in Enfield, Middlesex, from 1912 to 1925. Staff Writer Determination. That's what made the difference in this contest. Through sheer refusal to give up their first-place status, Wall Street Women of Granada Granada, city, Nicaragua Granada (gränä`thä), city (1995 pop. 74,396), W Nicaragua, on Lake Nicaragua. It is Nicaragua's third largest city and the center of commerce on Lake Nicaragua. Hills fought back with a vengeance with great violence; as, to strike with a vengeance s>. - Hudibras. with even greater intensity; as, to return one's insult with a vengeance s>. See also: Vengeance Vengeance to regain their number one spot after sliding as far as third in the six-month contest. On Feb. 1, the Daily News launched its semiannual Semiannual An event that occurs twice in a calendar year. Notes: A bond with semiannual coupons would issue payment once every six months. See also: Annual, Bond, Coupon Bond contest; this one, pitting the stock picking skills of five investment clubs. With a fictitious Based upon a fabrication or pretense. A fictitious name is an assumed name that differs from an individual's actual name. A fictitious action is a lawsuit brought not for the adjudication of an actual controversy between the parties but merely for the purpose of $100,000 to spend, the clubs splurged, but mainly on technology and Internet stocks Internet stock The equity security of a company engaged primarily in a business associated with the Internet. Also called dot-com. . The rationale rationale (rash´  nal´),n the fundamental reasons used as the basis for a decision or action. , of course, is that one needs volatile stocks to win a short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. contest. But volatility works both ways, as the clubs found out when their portfolios plunged in midcontest due to a big hit in the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the sector. By July July: see month. , Internet stocks had regained some steam, but not their full strength. It was also a rough final week, with the Dow Jones industrial average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. sliding a combined 316 points Thursday Thursday: see week. and Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant . Nevertheless, the Wall Street Women investment club emerged victorious with an ending portfolio of $96,455.33, down about 3.5 percent over the six months. ``It's been a rocky road because the market has been so volatile,'' said Lynn Luke, vice president of Wall Street Women. ``We've used trading methods we never thought we would. We buy and sell more frequently than we do in the club. We're not really investing, we're trading.'' The group of nine hairstylists, a manicurist and an artist began the contest by parking $35,000 in cash and pouring the rest into a diversified diversified (di·verˑ·s portfolio of six stocks: Amgen, America Online See AOL. , Dell, eBay, Earthlink and Yahoo! Their best stock was the initial buy of Healtheon, with 869 shares purchased at $57 and sold at $67 for a profit of $8,590 including commission. Their worst? Dell. Bought with high hopes at $54, the group finally gave up on their 184 shares after six weeks, bailing out at $42.25 for a loss of $2,262. In May, the club bought Yahoo! and Amazon.com for a quick profit, but those buys backfired and plunged them to third place. But they didn't give up. They got rid of their losers and bought Healtheon, which propelled them to second place. Another highflier high·fli·er also high-fli·er n. 1. One who is extravagant or extreme in manner or opinions. 2. A stock that sells well above its original value. Noun 1. that gave the club members a boost was Infoseek, which they bought for $43 a share and unloaded at $49.0625 on 1,352 shares. The profit? $8,096.50. How did they know what to buy? Luke says they searched for companies that could make big gains quickly by looking at volume, analyst upgrades, news events that would affect the stock and watching CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. , the cable financial news channel. In second place is the Goddesses investment club in Newbury Park. Unlike Wall Street Women, this group's members didn't trade a lot. The strategy worked for them, moving them to first place in late March. They took the lead, thanks to two stocks - Knight/Trimark and Netbank. They bought Knight/Trimark initially for a split-adjusted $23.75 a share and sold 754 shares at $55.75 - bagging a cool $24,028, including commission. They bought Netbank for a split-adjusted $16.71 a share and sold at $33.3125. That's a profit of $14,892 on 903 shares. When they saw Wall Street Women catching up, the Goddesses were determined to hold on to first place. They boldly sold off their entire portfolio and replaced it with three stocks: Goto.com, Keravision and Wit Capital. Goto.com paid off for them in a big way, with a gain of more than $6,000. Hedging their bets, the Goddesses sold off their entire portfolio after the close of trading Thursday and ended the contest with $96,375.70, a 4.6 percent loss from their initial investment. ``We've learned from participating in the stock contest the need to arrest stock market losses at 8 percent no matter what and the need to be instantly flexible and move to where the action is,'' said Judy Myers, a member of the Goddesses. ``We recognize that the more aggressive we are, the more flexible we need to be and more immediately responsive to market rotation.'' Divided Assets of Chatsworth is in third place with a $85,707.90 portfolio, down 14.3 percent in half a year. The club's best stock was Lucent - 200 shares acquired for $55.25, 175 shares for $61.625, and 929 shares for $68.25. It closed at $65.6875 on Friday for a profit of $417.87. The worst? E-Trade e-trade To buy or sell a security via computer. Brokerage firms route computer-generated customer orders to appropriate dealers and exchange specialists. . They bought it three times for $55.1875, $54.1875 and $45.0625. They sold all 387 shares at $34.75 for a loss of $7,822. ``We've learned how volatile a stock could be,'' said Myrl Combs, vice president of Divided Assets. ``You have to be very careful if you're buying for the short term. (The club) wanted all the Internet stocks so we can win the contest. It didn't work out that way.'' In its real-world portfolio, Divided Assets typically takes two months to research a stock before buying it. The members also want companies with earnings. But in the contest, they deviated from club rules to see whether a new strategy would work. Combs said it didn't. ``We learned a lesson - not to do a quick buy,'' she said. In fourth place is the Money Hungry Investment Club of Northridge. It ended the contest with $76,445.62, a 23.6 percent loss. The club started and ended the contest with Compaq, Dell, Oracle, Philip Morris and Pfizer. Its members didn't make any trades during the six months, since the club's strategy was to buy and hold. Unfortunately, Dell and Compaq, two good computer companies, took significant hits in the past six months. So did Philip Morris and Pfizer, for different reasons. Their best stock was Oracle, which they bought at a split-adjusted $39.42. It closed at $38.0625 on Friday. With 750 shares, the club lost $1,015.62. Their worst stock was Compaq, bought at $46.875 and down to $24.0625 on Friday. The club lost $11,406.25 on 500 shares. Bringing up the rear is Fiscal Therapy, the San Fernando San Fernando, city, Argentina San Fernando (săn fərnăn`dō), city (1991 pop. 144,761), Buenos Aires prov., E Argentina. It is a district administrative center in the Greater Buenos Aires area. investment club comprised mostly of teachers. They ended with $72,807.32, a loss of 27.2 percent. Fiscal Therapy had been moving from third to fourth place throughout the contest, but in late June dropped to last. What happened? The club found out the hard way that it's not easy playing the momentum game. Even investors with decades of experience can't always spot a stock on its way up. The club started the contest with a diversified portfolio of nine stocks spanning the computer hardware to pharmaceutical industries. Its best stock was Nextlink, bought for $47.875. It closed at $112.125 on Friday. With 208 shares, the club members made a profit of $13,364. Their worst stock was eToys: 333 shares bought for $68.50 and sold at $40.5625 for a loss of $9,403. Although the club made money on some stocks while Money Hungry lost on all its investments, Fiscal Therapy still ended up last because it kept trading. Therefore, paper losses became real losses. In the end, while a few profitable stocks gave a boost to the whole portfolio, it couldn't recoup recoup To sell an asset at a price sufficient to recover the original outlay or to offset a previous loss. the losses. DAILY NEWS STOCK PICKING CONTEST FIRST PLACE NAME: Wall Street Women STOCK PORTFOLIO: Chromavision Med 2,644 shares, NTOP NTOP Nt Option Pack 2,070 shares. TRANSACTIONS LAST WEEK: Bought 1,400 shares of Summit Technology at $26.25, bought 2,644 shares of Chromavision Med at $15.125, bought 2,070 shares of NTOP at $26.5625, sold 654 shares of Stamp.com at $37.75, sold 1,400 shares of Summit Technology at $23.5625, sold 412 shares of Covad at $48, sold 1,110 shares of Digital Island at $21.75, sold 956 shares of Mail Boxes Etc. at $19.25 VALUE THIS MORNING: $96,455.33 (includes $294.33 in cash) VALUE ON JULY 26: $117,931.95 (includes $12,421.70 in cash) SECOND PLACE NAME: Goddesses STOCK PORTFOLIO: All cash TRANSACTIONS LAST WEEK: Bought 214 shares of Redback Networks Redback Networks is a telecommunications equipment company. History Redback Networks was founded in August, 1996. Redback is an ERICSSON subsidiary since the beginning of 2007 (was previously traded on NASDAQ under the symbol RBAK). at $168.375, bought 233 shares of Copper Mountain at $113.4375, bought 180 shares of Juniper Networks Juniper Networks, Inc. (NASDAQ: JNPR) is an information technology company based in Sunnyvale, California and founded in 1996. The company designs and sells Internet Protocol network products and services. at $144.25, bought 658 shares of Cheap Tickets at $50.50, sold 766 shares of GoTo.com at $47.375, sold 1,435 shares of Juno Online at $18.5625, sold 1,203 shares of Wit Capital at $21.75, sold 214 shares of Redback Networks at $153.75, sold 233 shares of Copper Mountain at $124.125, sold 658 shares of Cheap Tickets at $61.50, sold 180 shares of Juniper Networks at $145 VALUE THIS MORNING: $95,375.70 in cash VALUE ON JULY 26: $98,580.83 (includes $100.58 in cash) THIRD PLACE NAME: Divided Assets STOCK PORTFOLIO: America Online 230 shares, ExciteHome 508.3804 shares, Cisco 200 shares, DoubleClick 36 shares, Lucent 375 shares TRANSACTIONS LAST WEEK: Bought 929 shares of Lucent at $68.25, sold 230 shares of America Online at $110.50, sold 508.3804 shares of ExciteHome at $45.25, sold 200 shares of Cisco at $61.125, sold 36 shares of DoubleClick at $85. VALUE THIS MORNING: $85,707.90 (includes $51.40 in cash) VALUE ON JULY 26: $87,582.40 (includes $51.40 in cash) FOURTH PLACE NAME: Money Hungry Investment Club STOCK PORTFOLIO: Compaq 500 shares, Dell 500 shares, Philip Morris 138 shares, Oracle 750 shares, Pfizer 300 shares TRANSACTIONS LAST WEEK: None VALUE THIS MORNING: $76,445.62 (includes $127 in cash) VALUE ON JULY 26: $75,703.87 (includes $127 in cash) FIFTH PLACE NAME: Fiscal Therapy STOCK PORTFOLIO: Arco 109 shares, Citigroup 199.50 shares, Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box 73 shares, Nextlink 208 shares, Bank One 232 shares, Priceline.com 22 shares, Time Warner 82 shares, Yahoo! 43 shares TRANSACTIONS LAST WEEK: None VALUE THIS MORNING: $72,807.32 (includes $35.11 in cash) VALUE ON JULY 26: $73,308.23 (includes $35.11 in cash) Daily News Staff Writer Enrique Rivero contributed to this story. CAPTION(S): 10 Photos, Box Photo: (1--Color) Wall Street Women 1st place $96,455.33 (2--Color) Goddesses 2nd place $95,375.70 (3--Color) Divided Assets 3rd place $85,707.90 (4--Color) Money Hungry Investment Club 4th place $76,445.62 (5--Color) Fiscal Therapy 5th place $72,807.32 (6) Wall Street Women (7) Goddesses (8) Divided Assets (9) Money Hungry Investment Club (10) Fiscal Therapy Box: DAILY NEWS STOCK PICKING CONTEST (See text) |
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