2007 picks and 2006 winners from annual “Castaway
Stock” competition that has produced record returns
San Mateo, CA, January 3, 2007 - Marketocracy, Inc., an innovative
investment management and research firm that has developed the industry’s most
extensive farm system of investment managers, announced the release of the
2007 stock picks from the annual “Castaway Stock” competition and the winners
from 2006.
“We have been operating our farm system for recruiting, evaluating, and managing
great investment managers for over six years. Our process has discovered a
team of managers we believe to be among the best in the world – certainly their
track records would rank them at or near the top,” said Ken Kam, founder and
CEO of Marketocracy, Inc. and investment manager for Marketocracy Capital Management,
LLC.
“The competition was developed by TJ White, a long-time Marketocracy member,
to force managers to think long-term and to take trading out of the equation,” said
Kam. Based on the premise of being marooned on a deserted island, participants
in the Castaway Stock competition pick five stocks they would be willing to
hold for a full-year. “We love the idea. Our community is about finding and
cultivating the best stock pickers and this competition is a fun way for our
members to compete. The guys are brilliant stock pickers and the results speak
for themselves.”
The winner of the 2006 competition, Robert Dobb from Southern California,
had an average return of 87.38% for his five stocks. That would have ranked
Dobb number 1 against ALL 19,810 mutual funds. The highest ranked mutual fund,
a China fund, returned 81.17% for the year. His top pick, Desert Sun Mining
Corp. (DEZ) returned 213%. DEZ was bought by Yamana Gold, Inc. (AUY) in April
and then rode AUY up 210%. He also picked Northgate Minerals (NXG) up 88%,
Mesabi Trust (MSB) up 74%, Exxon Mobil (XOM) up 38%, Cronos Group (CRNS) up
23%. The best performing stock, Sirna Therapeutics (RNAI), was up 322% for
the year.
His picks for 2007: Allion Healthcare (ALLI), General Electric (GE), Google
(GOOG), Healthcare Acquisition (HAQ), King Pharmaceuticals (KG).
To learn more about the Castaways Stock competition and to see the complete
list of Castaway Stocks for 2007 and returns from 2006, please visit: http://research.marketocracy.com/BIP/public/castaway_2007.html
Marketocracy Research is a research company whose mission
is to develop the most extensive farm system of investment managers, to refine
a team investment process, and to offer investment research. Its website - www.marketocracy.com -
is home to over 80,000 people from 130 countries that manage 100,000 model
stock portfolios. The company’s affiliate, Marketocracy Capital Management,
LLC, uses the research generated by Marketocracy Research and manages mutual
funds, hedge funds, and managed accounts.
Media contact: Kelly Cinelli –Kelly@cwrpartners.com – 508.222.4802