How our tips played out in 2008

Eoin Gleeson looks back over the last 12 months, and finds there is little pleasant about the performance of the stocks he tipped. But he does manage to find a few rays of hope in a bleak year.

There is nothing pleasant about raking over the performance of stocks tipped this year. If oil sinking from $147 to $45 in three months didn't wipe out your oil stocks, then the year's periodic stockmarket panics probably gutted your small-caps. And if you survived October's global fire sale, you did very well indeed.

Fortunately, none of the firms we tipped on the sector of the week' page this year went bust. But it is still not difficult to find some grim tips. Prize for the worst call this year goes to American nursing homes group Advocat, a supposedly defensive stock. It fell 76% after I tipped it in February. Increasing occupancy and an ageing population weren't enough to convince investors that this tiny operator could weather a recession in America.

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Eoin came to MoneyWeek in 2006 having graduated with a MLitt in economics from Trinity College, Dublin. He taught economic history for two years at Trinity, while researching a thesis on how herd behaviour destroys financial markets.