Week 8 of 2011. A very difficult week for the Hotlists in exceptional circumstances. The FTSE 100 finished the week down by a minor 20pts but significantly closed a shade above the 6000 level. The FTSE100 is +1.7% to the good in 2011. Taking into account recent Libya turmoils and recent dividends paided out – that’s a pretty good performance and a strong sign of stability in the large caps.
A virtual portfolio has been set up using the 2010 Dec 31st close figures as a starting point and £1000 has been invested in each stock. This does not include buying fees or stamp duty and is purely intended to be used as a benchmark or summary for each week. The B-list (alternative picks) and 2 newspaper top tens for 2011 have been included to help monitor/compare against.
The virtual portfolio’s use the ‘last trade’ system to calculate the days close.
Week 08 performance summary as follows:
It was a week of bloody noses and bruises all round. An encounter that might make England vs France at Twickenham today – look like a game of soft touch rugby. The 2011 Hotlist was battered mainly due to some oversold action taking place on GKP, NPE and BHR to name a few. Sanity returned on Friday to rescue the list from ending in the red for the first time this year but the B-list struggled the most and moves to negative. The Newspaper lists treaded water and the Independent is closing in on number 1 spot. Still a long way to go and I expect the Hotlist to bounce back strongly over the coming weeks and months (providing the North Africa and Middle East issues do not continue to escalate).
1. Tempus Times +6.88% (drop of 1.01% from week 7)
2. The Independent +6.64% (drop of 0.01% from week 7)
3. The 2011 Hotlist +0.76% (drop of 0.99% from week 7)
4. The ‘B’ List -1.83% (drop of 4.51% from week 7)