STOCK PICK RECAP WINNING GAMBLE AT END PAID OFF.Byline: Daily News If you missed Monday's lesson on how Daily News Stock Picking Contest winner Allen Sussman tripled his portfolio in six months, here's a brief recap re·cap 1 tr.v. re·capped, re·cap·ping, re·caps 1. To replace a cap or caplike covering on: recapped the bottle. 2. . Sussman, 65, of Sherman Oaks proved his stock-picking savvy in the last four weeks of the contest. Several key trades helped the retired elementary school elementary school: see school. principal clear the $150,000 mark in the last week - then double that to edge the longtime long·time adj. Having existed or persisted for a long time: a longtime friend; a longtime resident of Detroit. longtime Adjective front-runner. Back in October, Sussman and four others were given a fictional $100,000 to invest. At the closing bell Friday, Sussman's pretend portfolio had grown to $314,732.90. Sussman invested in companies that were about to announce news, whether positive earnings or approval of a new drug. ``I would then watch the stock carefully and as soon as the stock went up, I would take the profit and get out,'' he said. His final drive for first place occurred Thursday, when he sold off his portfolio, leaving a lump sum Lump sum A large one-time payment of money. of about $235,000 in his cash account. He then invested all the money in Andrx Group, a Davie, Fla.-based pharmaceutical company that rose $8.46, or 25.29 percent, to close at $41.91 on Friday. The company advanced after the drug maker said a federal judge had thrown out a lawsuit alleging that Andrx's generic versions of certain antidepressants Antidepressants Medications prescribed to relieve major depression. Classes of antidepressants include selective serotonin reuptake inhibitors (fluoxetine/Prozac, sertraline/Zoloft), tricyclics (amitriptyline/ Elavil), MAOIs (phenelzine/Nardil), and heterocyclics infringe in·fringe v. in·fringed, in·fring·ing, in·fring·es v.tr. 1. To transgress or exceed the limits of; violate: infringe a contract; infringe a patent. 2. on Glaxo patents. ``I knew that I wanted this stock and I was prepared to bet it all,'' Sussman said. CAPTION(S): box Box: AT THE BUZZER |
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