Monday, May 7, 2007

CNBC Million Dollar Portfolio Challenge: #143,438

It’s not as bad as RoyTin Cup’ McAvoy blowing up on the 18th hole, but shaving $700,000 off of my CNBC portfolio in just a week was still quite a feat – if you are impressed by people who can run backward and that sort of thing.

There are now 1,603,782 contestants in this parade of silliness, so thanks to their collective mediocre performance, I have somehow managed to stay in the top 9%. All you need to know about last week is that Friday’s LeapFrog Enterprises (LF) gambit turned out to be my best pick of the week at -1.5%.

Fortunately, the ship seems to have been righted today, as Flamel Technologies (FLML) is up 7.3% at the moment. I’d really like to make it back into at least the top 5% before the contest ends on Friday. It looks like FLML will be a good first step. My earnings pick for today will probably come from this group that has been selected by my earnings spike potential algorithm. I’m still debating which one I should put all my chips on.

There are no mulligans on the 18th hole and rest assured, I’m not going to lay up...

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