Well, I've done enough
talking about myself. What do you think about me? Ha! A takeoff on an old joke, but the truth is I
talked enough about myself. So, time to move on and finish up our review of last year's TF II contest. As a reminder, feel free to peruse my
fourth columns on the contest last summer, as well as the
first part of this wrap-up.
Today, we'll review the top four finalists, and conclude with our traditional awarding of a
T-shirt. Yes, I know, it is just unbelievable what
readers can walk away with just by reading!
We'll start with perhaps the most unusual pick of the contest,
. I mean, India? A closed-end fund? Hey, it worked and it worked nicely, nabbing a 66% gain in only six short months.
Squeaking into third place was one of the bluest of the
. When will this stock run out of steam? Maybe never, as it managed a 67% gain during the contest.
In second place was a stock that looked down and out a number of times. In fact, it wasn't until almost Dec. 1 that
made its stretch run to finish at 81.5%.
Finally, my hat is off to both
, the two readers who submitted
. Honestly, I had not heard of the stock, nor was I familiar with the chart or the story, until these gentlemen sent me a few emails. I'm glad I wised up, though, as Conexant lapped the pack with a healthy 164% gain. For their efforts, Steve and Jeff will each receive
T-shirts, which are highly sought after and -- get this -- made of 100% cotton! Gentlemen, enjoy!
Parting comments? A few. One, this portfolio finished the six-month time frame up 45%, certainly a respectable performance by any measure. Of interest, though, was the fact that there were no B2B stocks, the fourth quarter's real highfliers. Of course, if I had started the contest in September, I'm sure that would not have been the case.
My point? Whether it's in TA or in fundamentals, the landscape can change very quickly, so you really have to be on top of things if you want a competitive return. That is what I find most annoying about some of these fund managers who refuse to change horses because they don't "get" the Internet or technology. I say "fine," but then be prepared to be left in the dust by others who are willing to do the hard work necessary to get up to speed. Want to continue to ride the tired old darlings of the industrial age? OK, but then be prepared to see outflows, not inflows to your fund.
That said, I am proud of our
readers. A group that most certainly "gets it" -- and which is
the dust, not eating it!
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes five technical analysis columns for TheStreet.com each week, including Technician's Take, Charted Territory and TSC Technical Forum. While he cannot provide investment advice or recommendations, he welcomes your feedback at