Just wondering, Skip, but if you invest in penny stocks in real life, say each worth 40 cents and you buy 2500 shares typically, and along comes a compelling stock trading for $1000 per share, and you decide to purchase some, do you think you'd by the same $1000 worth (i.e. 1 share) or would you buy a quarter million dollars worth? ;-)
Regardless of whether the users were instructed to put down 100 shares each and what the "total dollar" return says, Scott could have said that the 100 shares were for convenience and that the winner would be percentage return. He did say that, actually, he just didn't elaborate. I assumed that he meant evenly-weighted average, and that's when I chose my stocks. The requirement that one pick 5 stocks implies that would be correct, because otherwise, you could have 4 sham picks -- why would anyone design a contest with a setup like that? However, last I could tell, he meant starting-stock-price weighted. Oops... that creates a contest emulating an unrealistic way of investing which, as Joan said, "doesn't make cents." |
