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Pastimes : Stock-Picking Challenge

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To: Scott Lux who started this subject2/10/2001 11:33:08 AM
From: Michael Olds  Read Replies (1) of 2402
 
Contest contest suggestion
(Only contestants who can read and follow instructions need apply)

Prior to the opening of the market on March 1st, you submit [you get one chance, only -- one entry per contestant] your choice of
1. 5 different securities
2. listed on NYSE, NASDAQ, or AMEX
3. indicating [for portfolio #2, the VDAP] your percent allocation among the 5 stocks of 100% of the dollar value of portfolio #1 as described below.

After the close of the market on March 1 (so as not to clog up the SI bandwidth during trading hours) you create on SI, 3 portfolios

#1 (The Equal Share Portfolio [ESP]) is made up of a gift to your child of 100 shares of each of the 5 different securities; cost as determined by the open on March 1.

#2 (The Variable Dollar Allocation Portfolio [VDAP])is made up by:
a. calculating the value [cost/initial investment] of portfolio #1 at the opening on March 1
b. allocating that amount in any way you wish among the 5 stocks determined again by the opening on March 1, and being the percent determined by your original post as in #3 above.

#3 (The Fixed Dollar Allocation Portfolio [FDAP]) is made up by
a. calculating the value [cost/initial investment] of portfolio #1 at the opening on March 1
b. allocating that amount evenly between the 5 stocks determined again by the opening on March 1

There will be winners in these categories:

a. The individual (or 10) who has increased the net worth of any 1 portfolio by the largest %
b. The individual (or 10) who has increased the ESP by the largest %
c. The individual (or 10) who has increased the VDAP by the largest %
d. The individual (or 10) who has increased the FDAP by the largest %
e. The individual (or 10) who has increased their over all [over all three portfolios] net worth by the largest %

The prices will be determined by Multiplying $1.00 by the percent of the winner's percent increase or decrease in his worst performing portfolio and multiplying the result by 10.

It would be interesting to allow trading, but the overhead on that would be substantial.
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