Celebrity trading challenge
Mario Rosenstock and Aisling O'Neill shot into the lead in the first week of the Delta Index Celebrity Trading challenge. Aisling had a great week, going short on the Dow Jones index, and the Fair City actress added to her position as things went her way.
Mario felt the winds of change drifting in from Libya and knew that it meant only one thing -- buy oil. He went immediately into profit before banking some gains, and then going out and buying more oil (in small increments, all the way down to $112 per barrel).
The rest of the pack have yet to make an impact, though the mix of strategies should provide an interesting contest . Here's a brief round up of how they are doing.
Aisling O'Neill shorted the Dow Jones and benefited from the market coming up on Wednesday and Thursday.
Sinead Desmond made a pairs trade and went short on ASOS and long on Burberry.
Norah Casey went long on Apple, GE and ICG.
Mario Rosenstock went all out for oil, mostly buying.
David Gillick made a pairs trade, buying wheat and selling corn.
If you entered the Delta Index competition to win a trip to see David Drumm's house in Cape Cod, keep track on your progress by logging on to www.deltaindex.com and checking the live leaderboard. You can also still enter the competition and play via a PC or any smart phone, check out www.deltaindex.com for details. Delta Index is regulated by the Central Bank.
Sunday Indo Business