So, back in December I was invited to take part in the MoneyPros Index Fund Challenge hosted by the fun folks over at MoneyPros. The game was simple. Just choose 3 stocks that you think are going to do the best in 2012. I am by no means a stock expert, but I do trade stocks and options occasionally so I jumped right in. I chose:
- INCY – Incyte Corporation (Incyte) is a drug discovery and development company, focused on developing small molecule drugs to treat serious unmet medical needs. The Company’s pipeline is focused in the areas of oncology and inflammation and includes compounds in various stages of development, ranging from preclinical to late-stage development. Its two advanced programs include janus kinase (JAK) inhibitors.
- YMI – YM BioSciences Inc. (YM) is a drug development company advancing a diverse portfolio of hematology and cancer-related products. The Company is advancing three clinical-stage products: CYT387, an oral small molecule oral dual inhibitor of the JAK1/JAK2 kinase; nimotuzumab, an EGFR-targeting monoclonal antibody, and CYT997, a potent oral vascular disrupting agent (VDA).
- YGE – Yingli Green Energy Holding Company Limited is a vertically integrated photovoltaic (PV), product manufacturer. The Company designs, manufactures and sells PV modules, and designs, assembles, sells and installs PV systems. Its products and services include the manufacture of polysilicon ingots and wafers, PV cells, PV modules and integrated PV systems.
I actually own the first 2 in my own portfolio. I don't own the third, and of course it's been the best performer so far. The contest only just started, but guess who was sitting atop the leader board at the first update? That's right, it was me. This prompted me to send the following note to the other participants:
I'm calling it now. My lead is insurmountable. There is absolutely no way I can lose at this point. Sure, it's less than 3 weeks into the new year, and I picked ridiculously speculative stocks that could tank at a moment's notice, but really there's no way I can lose….
Just wanted to say I'm happy to be here. I thought I would get all my trashtalking in now before one of my three blows up!
I certainly am glad I got my trashtalking in early because as of this post I've already been overtaken by SweatingTheBigStuff. My only solace comes from knowing he had to sell out and choose Bank of America (BAC) to get to this position! I would hope for a big mortgage scandal for them, but I can't since I own BAC in my real portfolio too. Argh.
Look for more posts on the MoneyPros Index Fund Challenge in the coming months (as long as I'm near the top of the leaderboard!).