Million Dollar Buzz

Portfolio Challenge Update: Standings And Trades


Well, the first weekly winner has been declared--Nancy Beaumont--and she will be removed from the leaderboard. So how are the others doing? Here's a look from yesterday's action.

Scott Wrynn maintains the top spot in the leaderboard for the second day in a row with his portfolio valued at $1,700,660.24. His gain Tuesday was based solely on the accumulation of $3,000 more of bonus bucks, though he has issued an all-in buy order for Crystallex on 3/13 for which the gain/loss will be available after today's close.

His first trade on 3/5 was Fremont General and he went almost all-in buying 168,000 shares at $5.89 per share or $989,000. He sold out of the position on 3/7at $8.53 making $443,520. On 3/7 he bought 1800 shares of CV Therapeutics   at $9.40, and sold all 1800 on 3/12 at $9.33 losing $126.00

On 3/8, Scott went all-in on 520,144 shares of Crystallex Intl.  at $2.76, or $1,435,597.44. Scott sold all of his KRY holdings on 3/12 at $3.22 for a gain of $239,266.24.

Scott has $18,000 in bonus bucks. He is no longer in cash, he is all-in on KRY, purchasing 568,782 shares at $2.99.

Jason Kaplan is #2 with a portfolio valued at $1,623,054.26 and he has gone all-in on almost every trade, and has bought some shares we haven't heard much about to date. He initially executed the SYKE trade on 3/5 as many leaders have, making $231,984.37. He bought Payless (PSS) on 3/6 all-in at $31.43 and sold on 3/7 for a gain of $100,983.01.

Jason bought Coldwater Creek    on 3/7 all-in at $17.73, selling his holdings on 3/8 at $18.35 for a gain of $46,821.78. He bought Cooper Companies  on 3/8 all-in at $45.71 and sold it on 3/9 at $47.82 for a gain of $64,106.02. Jason bought Jo-ann Stores    on 3/12 for $22.88 and sold it on 3/13 for $25.71 for a gain of $178,323.96. He also held a position in Suntech Power    and suffered a small loss and has entered a buy on Clean Harbors .

Some Winning Trades from Friday's 4 pm close to Monday's 4 pm close:

Tom Online a Hong Kong based ADR, gained 26.76% if you bought it on Friday at 11.62 and sold it yesterday at 14.73 on a buyout offer.

Dollar General   (DG) gained 25.56% on private equity.

Credit Acceptance Corp    gained 19.11% on earnings.

Crystallex gained 17.09% and was in the number 1 and 2 spot on the leader board Tuesday, on rumors of a Russian takeover.

Akzo Nobel   up 16.47%, on news that it was selling its drug business to SGP.

Thanks to Gina Francolla for all her work on the stats.

We want to hear from you. Send your comments to