Pinnacle Activity Ticker
November's Stock Challenge Concludes Today - Previous Stock Challenge Champs Nowhere to be Found
November’s Stock Challenge concluded this afternoon and it marked the first challenge using the two stock format - a much more competitive and strategic format. Much to our surprise, not one previous Stock Challenge Champion was able to make it into the TOP 10 this month - marking the first time that has ever happened in this 3 year old competition.
Every member in the TOP 10 displayed outstanding stock picking abilities. Just to make the tenth spot, one needed over a 40% average return in just 30 days! Quite remarkable to say the least. Pinnacle members clearly know how to find winners!
Early on in this month’s competition there were several lead changes, with 6 different Pinnacle members holding the top spot within the first ten days of the month. We saw triple digit % return daily breakouts and several double digit % loss daily breakdowns. It was volatile for the first ten days of the month but that all changed when Whipsawbull’s lead pick broke out to the upside. Whipsawbull catapulted from 49th to 1st place thanks to a breakout performance by Canadian International Minerals (CIN:TSXV) which released REE results from its Carbo Rare Earth Element Property. The results sent CIN shares straight up, touching as high as $0.78 after starting the month at barely $0.20. At one point Whipsawbull was up over 150% on the month. After CIN’s breakout, Whipsawbull never gave up the lead for even a minute during trading hours. Whipsawbull’s second pick for November’s Stock Challenge was Electric Metals (EMI:TSXV) which closed up on the month 20%, giving the first time Stock Challenge Champion a 102.55% average return. Impressive!
Smileart, from Thomasville, made a game out of it in the end, but still came up well short of Whipsawbull. Smileart selected Ethos Capital Corp (ECC:TSXV) and Troymet Exploration (TYE:TSXV) which, combined, gave November’s runner-up an impressive 78.63% average return. For most months that would be good enough for the title, but thanks (or no thanks - depending on how you look at it) to Whipsawbull’s breakout performance, it wasn’t to be.
Everyone who finished in the TOP 10 should be proud of their accomplishment as there were hundreds of contestants (all-time record) and only a handful of previous Stock Challenge Champions even showed positive returns!
November’s Stock Challenge TOP 10 leader board was dominated by members who selected resource stocks...Is anyone surprised? Consider that a hint for December’s competition. It is a trend that will unlikely change anytime soon.
Congratulations to Whipsawbull for an impressive, and likely very hard to beat, 102.55% return. Welcome to the Stock Star Wall of Fame - you’ve earned your spot!
In case you haven’t joined December’s Stock Challenge, there is still a couple hours left before we close off entrees. To enter, click the button on the right of the screen that reads “Submit Your Entry” and the rest is self explanatory.
November Stock Challenge Statistics:
Highest Return: 102.55%
Lowest Return: -78.09%
Average Return: 5.07%