Pinnacle Activity Ticker
Junior Mining Stocks Dominate in September's Stock Challenge - Final Results
What a finish to September’s Stock Challenge. Junior mining stocks made up the majority of this month’s selections. In a rather up and down month for the junior market, brought about by the Fed’s decision to implement QE3, our members managed to bring home some very solid returns. In addition to 31 members finishing with an average one month return above 20%, 9 members held the lead at one point during the final week of the challenge. Furthermore, the Stock Challenge remained up for grabs right until the closing bell on Friday. We time stamped for your viewing to show just how back and forth this month’s competition was on the final day.
TOP 10 at 9:44 am pacific standard time on the final day of the Stock Challenge:
TOP 10 at 11:38 am pacific standard time on the final day of the Stock Challenge:
It was basically a 6 man race with less than 1.5 hours to go in trading - as you can see from the time stamp above. The top 6 members were all within 3% of each other heading into the last market hour for September. We’ve had some very close finishes in recent months, but it usually consists of two members battling it out, never six. It was great to see. In the end here is how it all played out:
GoldHo battled from 4 spots down with less than two hours remaining to win this month’s Stock Challenge. Thanks to both of GoldHo’s stock selections rallying strong to finish the final hours of trading, it helped increase his one month return almost 7% in that short time frame (nothing like the volatility of junior mining stocks). GoldHo’s winning combination this month was Mansfield Minerals (MDR:TSXV) and Sandspring Resources (SSP:TSXV). Sandspring Resources lost a couple percent in value during September, but it didn’t matter for GoldHo as Mansfield Minerals picked up the slack, increasing nearly 78%.
GoldHo finished with a respectable 37.36% return during September. Even more noteworthy is the fact that this marked his second Stock Challenge victory - bringing him into an elite class of just 6 Pinnacle members who have won the Stock Challenge more than once. GoldHo’s last Stock Challenge victory was in December 2011 - a month which saw him win in very convincing fashion. View his December result by clicking here. Notice how GoldHo also picked Mansfield Minerals back then as one of his selections.
The only other members to win the Stock Challenge more than once are TaiwaneseChallenger, Lloyd, Edminnema, Frank Tabbert and Chiro.
Wrapping up another Stock Challenge, we want to give a ton of credit to our members. 31 of you finished with returns this month above 20%. 118 of you finished in positive territory in a rather volatile month for the juniors. It was a close race and well deserved victory for GoldHo.
There are just 48 hours left to join October’s Stock Challenge - take a shot at the title! Click here to enter your selections now.
In addition to becoming a two-time Stock Challenge champ, GoldHo will receive 1000 reputation points to his Pinnacle Profile along with the highly coveted Stock Star. As well, GoldHo will receive our Stock Challenge ‘Winner’s Wear’ to ensure the victory is recognized by all his friends back home. Our champions receive the winner’s only Pinnacle Package - which includes the finest of garments fit for a champion: The Stock Challenge Champ Hoodie and a Pinnacle Digest dri-fit golf shirt (for those afternoons on the links). Wear them with pride GoldHo!
* Click here to get a sneak peek at GoldHo’s selection for October’s Stock Challenge.
Good luck to everyone in October,
September’s Stock Challenge Statistics:
Highest Return: 37.36%
Lowest Return: -29.91%
Average Return: 3.04%