InvestSMART

Greek tragedies make a meal of racers

IT'S a Sisyphean task, making money in the market at the moment. Heave that boulder up the hill, watch it roll down. Repeat for eternity. Sisyphus could be the patron of share investors everywhere. Or maybe our racers would identify better with poor old Prometheus, whose divine punishment involved an eagle feasting on his liver.

IT'S a Sisyphean task, making money in the market at the moment. Heave that boulder up the hill, watch it roll down. Repeat for eternity. Sisyphus could be the patron of share investors everywhere. Or maybe our racers would identify better with poor old Prometheus, whose divine punishment involved an eagle feasting on his liver.

That sound bad? Well, the organ regenerated every night, only for it to be devoured all over again the next day. Yes, Greek tragedies are all the rage at the moment and don't our racers know it. Everybody lost money as the market scooted backwards 2.8 per cent. Only two of our brave competitors - leader Louise Jessop and Dizzy Ms Daze - are above water. Both managed to beat the market but it was Doreen who really starred: she boasts three of the top five performing stocks for the week

Fired up from her spell in the cellar, architect Edwina Harrison put together some smooth moves to weave through a congested, furiously backpedalling pack to slot into fifth spot. Wesfarmers was her hero stock, adding a massive $23 for the week.

Reader Qaiser Malik suffered a nasty hangover from his Funtastic adventure last week - the toy manufacturer gave up all its gains from round two. But Qaiser keeps his sixth position. Iluka Resources has been hot property of late but investors dropped it this week and that leaves financial manager James propping up the ladder. Things can only get better next week, right? Right?

Patrick Commins

If you would like to be a competitor in the world-renowned Investor shares race, please email investor@fairfax.com.au. All welcome!


Join the Conversation...

There are comments posted so far.

If you'd like to join this conversation, please login or sign up here

Related Articles