One Best, One Worst for 2009
Call it another unofficial contest. I want everyone to post one stock to go long, and one stock to go short, in other words one best, one worst, for calendar year 2009. We'll take the closing price of 12/31/08 and compare it to the closing cost of 12/31/09. Scores will be tabulated as though you had bought 100 shares of your best and shorted 100 shares of your worst, and then add up the change year-over-year. Highest score wins. Winner gets an emoticon high five, or if you are a cute girl, an emoticon hug and kiss. You may also take your prize in the form of a firehug, but you'd have to come to LA for that.
Please post your picks as I have, best followed by ticker, followed by closing price 12/31/08, and same with the worst.
Best: DNDN - 4.58 (expect provenge approval from a competent FDA)
Worst: RYL - 17.67
I had a lot to choose from on the downside. I was thinking GM, then thought PHM, but then I realized RYL had the most downside. On the upside I was thinking my favorite blue chipper DD or maybe going with an oil play like HP, but in the end I'll stick with the most speculative of them all.