How did John Tepichin wind up a weekly winner? Here's what happened. On Friday, 3/30, Joe Zheng's #1 and #2 portfolios were unseated allowing John to take the top spot and win the weekly prize. On Thursday, John had been in third place. John's portfolio gained 64.02% in one week beginning with the Biosite trade that gained him $595,855.47 or 51.32% on Beckman's agreeing to buy Biosite for $85 per share.
After Biosite, John was fairly conservative buying the NYSE Group three times for a total gain of $56,357.77, and Insituform for a gain of $65,617.40. He was all in on another buy of the NYSE Group at $93.75
Joe Zheng's #1 portfolio as of Thursday with Global Payments that fell 13.05% fell out of the to 10 altogether, and Joe's #2 portfolio fell to 4th place from 2nd on the Cognos trade which ended up down 1.40% today.
Weekly Winner Standings for John T:
Name Portfolio Rank Gain
John Tepichin $1,729,830.64 1 64.0188733%
James Kraber 1,817,167.56 2 58.8983548%
James Kraber 1,316,914.62 3 58.3065173%
Joe Zheng 1,626,874.04 4 57.2822911%
James Kraber 1,698,257.11 5 56.4893577%
James Kraber 1,264,110.54 6 53.8357407%
Kerry Bruner 1,885,988.09 7 53.3001159%
James Kraber 1,582,320.48 8 52.597644%
Jeffrey Kagan 1,746,263.11 9 52.4940997%
Paul Alen 1,516,249.63 10 51.624963%
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