A Penny Saved

As the Squawk Box portfolio challenge ends it’s second week and heads into it’s third week, I find myself pleasantly surprised with my ranking. My portfolio is currently +$10,087.50 which puts me in the top 37%.  Not horrible.  I have no delusions of winning the thing and looking at the leaderboard, that isn’t going to happen.  The top person right now is sitting at just over +750,000.00, while the 50th person is sitting at just over +$400,000.00.  I’ve got a lot of lucky picks to make if I even have any plans of getting that far.  The latest market surge seems to have helped me out a little, and I see it is continuing a little bit so far today.  I have a small portion of my portfolio in GOOG, which is up 5.56 at the moment so that could help a my standings tomorrow as long as some of the people above me do not also hold GOOG.

I also jumped into Lucent(LU) at about 2.97 and it’s sitting at about 3 and I grabbed up a sizable bit of cablevision on hopes that it would continue to rise, but it seems to be fairly steady now. I’ve made a few other changes, both selling and buying some of the smaller holdings that should help me out over the next couple of weeks, but we’ll see.

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