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Strategies & Market Trends : Picks of the quarter
ATHR 6.060+3.2%Nov 28 12:58 PM EST
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To: Elroy who wrote (6)11/13/2005 10:07:41 AM
From: Elroy  Read Replies (1) of 20435
 
How about one more idea as follows? You get to trade once per month, on the last Friday of the month. So you can trade on only three days during the competition.

Nov 25th closing price
December 30 closing price
January 27th closing price

The trades work as follows:

1- If you are holding any cash, you can buy a stock on that Friday's close in the same way we are now starting our initial positions. No commission on buys.

2- If you want to sell a particular stock, you have to sell the entire position (to keep it simple), and there is a 1% commission fee (this is the penalty for trading).

3- If you sell a stock you can (on the same trade day) put all or some of the cash proceeds (after 1% commission fee) into another stock.

for example,
-sell all JNPR and use the proceeds to buy CSCO,
-sell all JNPR and buy $300 CSCO and put the rest in cash

You pay the 1% commission on any sold amount, but buys are free.

If you like your picks of course you don't have to trade at all until Feb 28th. But, if someone blows up this gives them a chance to throw a hail mary pass in the final month!

And.....no pink sheet stocks! Only US listed (Nasdaq+NYSE)stocks.

And I'll put the S&P500 index into the competition as well. Hopefully the winner will beat the index.
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