******New Portfolio Contest!!!*******
We've changed the rules a bit, now you can trade!
Rules For P&F Portfolio Contest
1.) You must pick 5 stocks, to go long. No shorts, puts, calls, etc.
2.) You must evaluate each one of the 5 stocks picked on a P&F basis. Entries will not be accepted without a Point and Figure evaluation. The answers do NOT have to be perfect or even correct, but you must make an attempt! We are doing this so you learn!
3.) You have in your P&F portfolio account 100,000 P&F Bucs. Each of the 5 stocks must be bought with equal portions of 100,000 or 20,0000 each.
4.) All picks must be stocks. No mutual funds, etc.. Cash will be cash no interest earned.
5.) The Contest will run from August 28th open until October 9th close.
6.) Your stocks will be purchased based on the closing price for August 28th.
7.) Your entry into the contest must be in by August 28th Midnight Pacific Coast time, thus you must have posted the thread by that time.
8.) When you post the thread to ENTER, the first three words must be, "My Stock Picks", this will help us find all of the entries and not lose anyone.
9.) You may SELL one or more of the stocks before the end of the contest to lock in profits or to trade. In order to do so, you must post the thread with the first word being "SELL" and then the ticker. You may then buy another position with the block amount of sale price of previous position. You can trade a total of 5 times.
-If you decide to SELL, you will be selling the entire position.
- The sell price will then be calculated by looking at the posted time and looking at what the stock was trading for in the previous 5 minutes. We will give you the highest value traded during that 5 minute period.
10.) Please DO wait until Friday August 28th to make your picks official for your maximum advantage, as you can only make one OFFICIAL PICK and you will not be allowed to change any PICKS once you have entered (this rule applies to your first 5 picks).
11.) The WINNER will be the one who's portfolio has the highest total return for the period. Everyone will be cashed OUT on the CLOSE Friday October 9th.
All picks will be posted in the P&F Research thread, #reply-5559933 and we will try to give a weekly update including status and placing on Friday's. Also, the portfolios will be displayed at jsinclair.interspeed.net (SI portfolio contest August-October).
We will keep the portfolios anonymous. If you would like to send us your picks via private message you may either to Jan or Preston. When we post the portfolios we will number them. A private message will be sent to you confirming your portfolio number. The top 5 portfolios will be displayed, name and all, at the end of the contest.
This is to be a fun learning experience so everyone start looking for you choices in the wonderful world of
Stocks. As you know, the market is in a down trend so finding good buys right now is difficult, but it can be done.
What is your award you ask? Well, it is a surprise! But it is goooood. Since the bottle of wine is in reserve for a P&F get together...we shall try and be a little more creative :-)
Best of luck to you all and we look forward to your portfolios!
Now get to work!!!!!
Jan and Preston. |
