Last Week of Finals: Stephen Lee Holds Top Spot
Good morning everyone. Here's a look at the current standings on our finalist leaderboard--as we head into the last week of the contest. Steven Lee (pictured) holds onto first place--and he's taking a rather conservative approach by remaining all in cash and hoping that Serge Amelyan's all-in bet on Terra Industries doesn't pan out. Serge moves back into 2nd place from 4th on his Intuit trade up on strong earnings.
Here are some interesing trends we've noticed:
Though the top 10 contestants in the Second Chance contest all had the aQuantive trade, the biggest of the day on Friday, and the week, none of our Million $ finalists held aQuantive.
--4 finalists bought Trina Solar hoping to catch a bounce on its decline due to the Chinese Central Bank's widening of the trading band of the yuan, boosting interest rates, and increasing banks' reserve requirements in an attempt to cool its surging stock market.
--4 finalists bought Monster Worldwide .
--And 4 finalists bought Saks hoping for a strong earnings report next week.
#1 Steven Lee: $1,353,709.70 up $164,709.12 +13.85%.
Sold 42,893 shares of Intuit Inc. up 13.85% gaining $164K
Steven is now all-in cash.
#2 Serge Amelyan: $1,301,345.54 up $158,338.56 +13.85%.
Sold 41,234 shares of Intuit Inc for a gain of $ 158,338.56.
All-in on Terra Industries.
#3 Stephen Luchko: $1,276,115.88 up $155,266.56 +13.85%.
Sold 40,434 share of Intuit Inc. for a gain of $155,266.56.
Sold 1 share of Marvell Technology Group at a loss of 0.49.
Bought 1 share of Fremont General,
Bought 25,481 shares of Monster Worldwide.
#4 Mary Williams: $1,261,463.79 up $89,936.46 +7.68%.
Sold 29,391 shares of Focus Media Holding Limited up 7.68% gaining $89K.
Bought 55,595 shares of Saks Inc.
#5 Nancy Beaumont: $1,233,985.47 up $12,474.06 +1.17%.
Sold Intuit making a $150,140.16 gain.
All-in on The9 Limited.
#6 Joseph Dondero: $1,173,746.80 up $10,435.96 +0.90%.
Sold 61,388 shares of Velcro Industries NV up 0.90% netting him $10K.
Bought 293,436 shares of Macronix International.