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Pastimes : Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: Jon Tara who wrote (1243)2/1/2001 7:15:20 PM
From: Dr. Zax  Read Replies (1) | Respond to of 2402
 
right you are Jon,

A portfolio picking contest it is. An investing contest it is. A trading contest it isn't. Unique it is. This is all fine! In fact better that it has different rules than other contests.... that way people playing have to think outside of their initial box a little. These rules actually do a pretty good job of lowering the instances of a person winning because all their money was in one good pick. You have to be much better (luckier) to win when you MUST choose five different stocks.... It would have even been better if the rules said "Here is $10000, buy 5 stocks with it such that no one stock initially comprises more than 25% of your portfolio and no one stock initially comprises less that 15% of you portfolio. Use no stocks less than $5. There will be no changing of the portfolio after it is set on Jan 31. Awards will go to the largest and smallest percentage (and therefore $$) gainers." But the rules don't say that, so we have this game. big deal.

Dr.Z



To: Jon Tara who wrote (1243)2/1/2001 7:32:01 PM
From: BishopsChild  Respond to of 2402
 
I have to say, this shows a shocking lack of understanding of basic principles of investing by SI management...

GIVE them a freakin' break...............it is a GAME !



To: Jon Tara who wrote (1243)2/2/2001 12:59:52 AM
From: KW Wingman  Read Replies (1) | Respond to of 2402
 
Did you also complain about the last free lunch you got?

IMO you are wrong but maybe I feel that way because I am going to beat you at this game. <g>

BTW, I do have a position in each of the stocks I picked.

IMO, it's a meaningless contest. It doesn't demonstrate the ability to pick stocks.