Laurent Condon, a retired trader in Saint-Rambert-en-Bugey, France, won my stock picking contest, Dorfman’s Three-Stock Derby, for 2019-2020. “I think the stock market is not going to print a new high price before a very long time, probably several years,” he says. He had a 619% gain on Kodiak Sciences (KOD), an 89% gain on a short sale of Ocean Power Technologies (OPTT) and a 94% gain on a short sale of Yangtze River Port and Logistics Ltd. (YRIV). A short sale is, in essence, a bet that a stock will decline. The second-place and third-place finishers also think the market faces at least a couple more months of rough going, though they are more optimistic than Condon.

Source: Forbes March 23, 2020 14:26 UTC