2008 Pick(s) of the Year contest: Conclusion
Getting out early made Stuffit the winner with his PDS sale
In at 15.58 on 12/28/07 and out on 4/5/08 at 23.93 for an annualized gain of nearly 200%.
Shmoulton picked FRPT at 5.02 and scored the best % gain for a yearlong hold when it closed at 5.98 on Wednesday.
The last congrats for a positive pick go to our hostess, Ico, who chose the gold trust GLD at 83 on 12/28/07. It closed at 86.52 at yearend.
Noone else had a positive pick.
35 of the 52 symbols lost over 1/2 their value during 2008.
The obvious lesson from the past year was to be nimble, humble, and NOT subscribe to buy & hold.
Hope everyone has a terrific 2009.
TRADING: "More Signal...less Noise"
LIVING: "One World, One Family, Warm Heart" Dalai Lama
