It’s another end of the month. It’s time for an update of our stock picks for 2010. For those who don’t know, we participate in Canadian bloggers stock picks competition. Each participant has to choose 4 stocks in equal amount of dollars. We are not allowed to change our picks for the duration of 2010.
Here are the return of our stock picks year to date:
- ASIA: –6.7%
- CAGC: +18.32%
- ITC: +7.18%
- PEGA: -6.85%
- Average return: +2.99%
For comparison, here are the return of popular benchmark, S&P 500 and Nasdaq 100.
- S&P 500: +6.42%
- Nasdaq 100: +8.46%
After beating S&P 500 and Nasdaq 100 in the last 2 months, we got hit pretty hard this month. We are now behind S&P 500 and Nasdaq 100. Firstly, we got hit by bad earning result from PEGA recently. The stocks dropped about 20% since earning report. Secondly, we also got hit very hard by CAGC after Jim Cramer recommended selling this stock.
