Hi Doug. Thanks for joining in our second contest. Entries can be made any time before the contest ends. No deadline, but once it's over, it's over.
We've added two rule changes.
Change #1:
You can cash out a position any time you like in order to protect your profit, but only one entry is allowed per participant. Once you cash out, you're frozen till the end of the contest. The idea here, is to take profit if the stock reached its IL (in 56 lingo).
Change #2:
You can throw your pick away if it goes over 20% into negative territory, and pick another entry. Much like
we would do in the real world. No use in sticking with a pick that went sour.
Lots of good stock picking in the first contest. Special congrats, once again to Mag and RCJIII and to Jibacoa for third place.
Here's the results from the first contest once again:
Message 14318928
Please note the overall performance was + 30%!!!!!! Calls for a collective YEEHHHHAWWWW!!!!!!!!
The entries for the DRINK II contest, so far:
siliconinvestor.com
Nice quantative and fundamental ratios on your pick, ACMR, particularly the sector movement, (MIKE also at 52 week high) free cash flow, and price to sales ratio. Technicals look good also, but a question on the gap. Aren't you conserned with the gap formed in early July?
Sergio |
