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.
