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Shares Race: the dartboard wins first game of 2016

Beach Energy gave the Dartboard the lead this week Photo: James DaviesAt the end of the five week shares race, it was the dartboard that hit the er, bullseye.
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It was a tough contest: the Australian sharemarket endured one of its worst starts to the year in history and commodity prices were all over the shop, making it a thrilling ride for those punters betting on resources stocks.

In the end, the metaphor that the winner was a dartboard, named for a game in which players throw sharp objects at a board from a distance in the hope of hitting a tiny target, was actually rather fitting for the market conditions.

Volatility is the name of the game, and while the All Ordinaries ended the period down around 2 per cent, the ride has been wild.

At the siren the Dartboard managed to turn $100,000 into a tidy $121,435 in this environment, with all stocks gaining with the exception of cloud services provider Bulletproof.

It was Dartboard’s bet that gold stocks would win favour as investors rushed to the “safe haven” asset in these turbulent times that really shone. Resolute Mining was the best performing stock overall, turning $10,000 into $20,588.

Chartist Richard Pritchard ended the contest in second place, ending with $111,224. Pritchard’s bet on a recovery in commodities paid off: BHP Billiton, Oil Search and Santos all gained over the period, but his best bet too was golden: little-known gold miner Tanga Resources almost doubled in value.

The worst stock overall was Migme almost halving to $5319, and OzForex Group at $6139, which struggled to recover from a lost takeover bid from Western Union. Retailers Lovisa and Surfstitch also struggled, taking a leg down this week after investors sold them off heavily on their poor forecasts. These retailers hurt Angie Ellis from 80 20 Investments, placed seventh overall, and Kalkine’s Kunal Sawhney, in eighth place.

Taking out third place was AFR columnist Phil Baker, who made a measly $3967 out of a $100,000 investment. The Gold Opals also barely broke even, while Simon Lawson, Trading for Blondes, Ellis and Sawhney all ended in the red.

Shares Race is a fantasy shares game. Players choose 10 stocks and start with $10,000 in each.We want to know more about our readers and your interests. Can you please fill out our survey?

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