PSL1 INDEX RESULTS THROUGH FRIDAY:
+2.74%: Index3+ (see below)
+2.01%: Wilshire 5000
+2.67%: Index1: Those stocks picked only by one person.
+1.07%: Index2: Those stocks picked only by two people.
-1.27%: Index3: Those stocks picked only by three people.
+2.61%: Index4-6: Those stocks picked only by four to six people.
+4.42%: Index7-9: Those stocks picked only by five to seven people.
+10.95%: Index10+: Those stocks picked only by ten or more people.
Obviously, the sheep are leading the pack so far!
Index3+ : Finally, what I consider the ultimate index for this contest to be. That is a weighted index that eliminates the one pick and twice pick stocks that could have been picked on a whim. I weighted it because 24 of us picked PDGE and only 3 of us picked WPCS. To give both equal weight is a mistake IMO. Since 8 times as many of us are affected by PDGE than WPCS, then PDGE should get 8 times the weight to accurately reflect how "WE" are performing. That index is called Index3+ and would represent the average return by the group IF we eliminated the 1 and 2 picks.
+2.74%: Index3+: Those stocks picked by 3 or more of the people on a weighted basis.
Each week I will compare it to the Wilshire 5000 which is +2.01% since June 30th.
Len
Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
____________________________________________
