Pinnacle Activity Ticker
First Time Champ Secures Victory in Final Stock Challenge of 2011
The final Stock Challenge of 2011 proved to be a tough test as the highly anticipated ‘Santa Claus Rally’ was nothing more than a bounce off the lows. Most American exchanges finished December with a modest gain while the Canadian exchanges finished with modest losses.
Despite the rather lackluster performance from the market, the final TOP 10 in December’s Stock Challenge recorded the 3rd highest average for the year. Just to make the TOP 10, one would have needed an average one month return of 16.82%.
Only two Pinnacle members held the top spot during the month of December for more than 24 hours. Willmr was in first place early in the month for nearly one week, only to finish in 8th position with a respectable 19.98% return for December. GoldHo, however, managed to capture the top spot in the second week of the challenge and never looked back as no one came close to catching the long-time Pinnacle member. GoldHo, from West Vancouver, blew the competition away after selecting Mansfield Minerals (MDR:TSXV) and Pachamama Resources (PMA:TSXV).
Pachamama Resources was a homerun trade for December as it more than doubled in value, climbing from $0.48 per share to finally closing the month at $1.11. Pachamama, which is a spin-out of Mansfield Minerals, shocked the junior resource world this month when it returned multi-mineral results of 257.2 metres with 0.53% Cu, 1.20 g/t Au, and 1.59 g/t Ag (1.19% Cu Eq or 2.39 g/t Au Eq). Before releasing this company making news, Pachamama’s stock was halted. After releasing the news and resuming trading, Pachamama’s stock took off, climbing as high as $1.45. Take a look at its dream chart below (this is why we all play the junior resource market...for opportunities like this):
Needless to say, Pachamama Resources carried GoldHo to victory in convincing fashion. GoldHo finished December’s Stock Challenge with an average return of 63.07%. GoldHo has been a member of the Pinnacle community for over two years and this marks his first Stock Challenge title – a very impressive victory!
Second place was up for grabs all the way until the closing trade on Friday as scoby13, theshadowofcb, J Alex, Southpen and TaiwaneseChallenger all looked like they could have taken the runner-up spot. However, in the end, scoby13 took 2nd spot with a respectable 28.91% return. This marked scoby13’s best finish in the Stock Challenge to date. The Oakville native selected Canalaska Uranium (CVV:TSXV), which was pretty much even for the month, and Crazy Horse Resources (CZH:TSXV). Crazy Horse increased well over 50% in December as it started the month at $0.195 per share and closed out December at $0.35.
December Stock Challenge saw a lot of new faces in our TOP 10 and only one previous champ make the prestigious list (TaiwaneseChallenger). Samson, surf2323, scoby13, the shadowofcb, J Alex and of course GoldHo, all had their best finishes to date.
To wrap of 2011, GoldHo proved yet again (as members of the Pinnacle community always do in our Stock Challenge) that no matter what the market conditions may be, there are always huge profits to be made. Gold prices crumbled in December, along with many other commodities, but Pachamama Resources soared on its great drill results. There is a story like Pachamama every month and it's our job to uncover these gems in advance.
Congratulations to GoldHo on your first ever Stock Challenge Victory! Welcome to the club.
*Click here to get a sneak peek on what two stocks GoldHo has selected for January's upcoming Stock Challenge.
Have a safe and Happy New Year’s Eve tonight.
December’s Stock Challenge Statistics:
Highest Return: 63.07%
Lowest Return: -29.20%
Average Return: 2.83%