Daily Review 27th Nov

The ASX dropped yesterday, after continuing sub-prime concerns caused declines on Wall Street. The All Ordinaries closed 0.61% lower while the ASX200 index dropped 0.60%. The ASX300 index closed 0.60% lower.

In the "Weekly Top 10", simplysimplesales maintained the lead with a gain of 49.95% for the week so far. Second place was stolen by guterres1 with a gain of 48.89%, leaving cyben in third place with a total gain of 43.55%.

In the league table, the ever consistent Dangerous_Dave retains his grip on first place with a total of $347,438.03 all held in cash by market close, in his usual style. Following not-so-closely behind are McJames, show me the money and dsaw. These exceptionally consistent traders have held the top four ranks for at least a week now.

In the top earners, p&c turned over 10.5% in the day's trading to reach rank 80. Dangerous_Dave gets himself another title, earning 10.1% to keep the lead while mostafa gained 9.4% to reach 73rd place.

Jumping the ranks, p&c soared an amazing 407 places to reach 80th. Liarne skipped 323 places to make 127th rank while ray520 jumped over 321 places to 85th.

Of the top 500 traders, 435 managed to stay in that list by the day's end. Making a surprise return to the list is Keyser_S÷ze, jumping to rank 432. For unexplained reasons last Friday, 17KeyserSoze and his namesakes were removed from the "Weekly Top 10" and the top 500 list.

Yesterday ended with high confidence in the market with only 22 (4.4%) of the top 500 traders completely out of the market before the close, while another 58 (11.6%) players had less than $100,000 invested.

Also yesterday, the biggest group of traders sharing the same rank was reduced to 10. Each of these traders is now holding $220,000 and shares the 244th rank. That amount also happens to be the maximum amount reachable without making any trades in the competition so far.

ASX data can be obtained at the ASX website: www.asx.com.au
Contest results can be obtained at CNBC's Trading Matters Challenge website: www.tradingmatterschallenge.com.au
To contact the author of this article, please leave a comment or email Jeff Johnson at tradingmatterschallenge@gmail.com.