Tide turns to launch a wave of winners
HOLY guacamole. If you thought week one was exciting - and we know you did - week two of our race is packed to the gills with grade-A, bona fide, blow-your-socks-off thrills.
HOLY guacamole. If you thought week one was exciting - and we know you did - week two of our race is packed to the gills with grade-A, bona fide, blow-your-socks-off thrills.The tide surged back in and lifted all our racing vessels. But not all ships were equally buoyant. One of last week's leaders, Pottsy, sprung a leak and drops back to fourth after managing to add a mere $44 to his pile.The damage to the good ship Pottsy was done by the mysterious NSX. The company operates a couple of small stock exchanges, as well as markets for trading taxi licences and water rights. Who knew. Anyway, its share price cratered 21 per cent, offsetting Oil Basins, which continues its hot streak.As Pottsy bails out his boat, translator Primrose Riordan's portfolio is looking shipshape. Primrose had one of the best returns of the week, up 3.4 per cent (against the benchmark index's 2.6 per cent) thanks to a very solid performance from all but one of her picks. She sails into second spot.Enjoying the view in third place is animal scientist Katie Watson. Her stocks added an unmatched 4.3 per cent after Prima BioMed leapt 15 per cent, helped along handsomely by Fortescue Metals and ResMed.Sadly, our race is now split between the "haves" and "have nots". Engineer Andrew Hutchinson had a good week but it wasn't enough to get back in the black. Andrew's pick of Paladin Energy rebounded 12 per cent but that was offset with a further slump in the price of Alliance Resources shares.Reader Leanne Vaz will be ruing her investment in exotic explorers, after Ramelius Resources and Saracen Minerals both slumped. Chin up, Leanne. The only way from here is up (literally).
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