The 1999 SI $1.00 and Under Canadian Stock Market Contest
This is the old $.50 and under contest with a few changes.
The key Changes are as follows:
- The contest is for the whole year with monthly winners and a Grand year end winner
- You actually have play money to spend
- $1.00 upper limit on the price of the stock
- You can actually make trades ( 1 sell and 1 buy per month)
- Very thinly traded stocks will not qualify (100,000 shares in December)
- Minimum of 2 stocks and maximum of 3
- You can pick the same stocks as another competitor as long as no-one has an absolutely identical set of
picks to another competitor
-
The Rules:
1. - You must be an SI member
2. - Picks can be entered up until open on Monday a.m. January 11th
3. - Minimum of $1,000 in a stock and a max of $4,000
4. - Your initial purchase will be commission free but after that $30 per buy and sell order
How to play:
You have $5,000 Cdn to spend on three stocks that trade over $0.02 on a Cdn Exchange.
1. Enter your picks by Posting them on SI in this format
XXX $1,500 .95
XYZ $2,500 .55
AAA $1,000 .28
I will calculate the number of shares. Use $500 increments
2. The price must be the close price of the last trading day. I cannot try and track intraday price points
so this is the best alternative. This will also hold true for the trades
3. You have until January 11th to post your picks but they all must be posted at once. You cannot spend
$1,000 on the 5th and then use up the rest of you money the next day – Too much administrative work.
If you post your picks after January 4th you will not qualify for the january monthly prizes
note: You first picks are based on the most recent closing Prices and not necessarily the Dec 31 closing
eg: If you happen to post your picks on Jan 6th the prices will be of close Jan 5th
Trading
1. Between the close of the market one day and the open the next simply post what stock you would like
to sell. It will be at the closing price of the day before.
2. In the same post you must post what stock you want to buy.
3. $30 commission will be charged for each buy and each sell after the initial picks. The initial picks are
commission free
4. If you elect to keep the cash in your play account it will remain as cash until the end of the contest.
5. You must always have a minimum of 2 stocks and a maximum of 3
6. Starting November 1st you have the option of reducing your stocks to cash and may get completely out
if you choose |
