Comic Mario laughing after late punt on oil
Published 10/04/2011 | 05:00
Mario Rosenstock nearly missed the boat this week as oil shot up to the $120-a-barrel level without having a position. The market soon dipped, however, allowing him to take a small position in Brent which has benefited his account by another €3,000 as oil traded at over $123 a barrel late last week. This leaves his account value just above €52,000 and secures him first place this week.
The gold medal for best weekly performance, however, goes to Irish sprinter David Gillick who took a huge position in S&P after a sell-off in late trading on Thursday. He has stepped on the gas coming into the home straight and powered from the back of the pack into second position with a current account value of €34,983.
Other notable trades this week included Sinead Desmond, who has stuck with her position in the luxury car-manufacturer BMW, giving her a tidy profit of €6,260, and putting her in third place.
Norah Casey and Aisling O'Neill were slightly unlucky this week on their trades but are still well placed to win the competition if they can emulate David Gillick's performance.
The competition ends at close of business on Wednesday so if you have entered, now is the time to make those last-ditch, all or nothing trades to try to grab first place. Remember the winner gets a trip to New York and Boston -- check out www.deltaindex.com for details.
Delta Index is regulated by the Central Bank of Ireland. If you entered the Delta Index competition to win keep track of your progress by logging on to www.deltaindex.com and checking the leaderboard.
Sunday Indo Business