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

To: Doppler who wrote (1549)	2/2/2001 1:54:34 PM
From: Jon Tara	Read Replies (1) \| Respond to of 2402

Doppler: but it's not a portfolio-picking contest - it's a stock-picking contest! You didn't get to choose how many shares of each stock to buy! Think of it another way: let's say the rule was that you should buy an equal dollar amount of each stock. I'm sure you would consider THAT fair, right? Well, this is the same thing. basing the contest result on the average of the percentage gains is exactly the same as having bought an equal dollar amout of each stock. Of course, the rules were ill-stated, on that I'm sure we can agree. :)

To: Doppler who wrote (1549)	2/2/2001 2:11:03 PM
From: benwood	Respond to of 2402

I think that's fair, because when I invest, I take a certain size position in a stock (i.e. some dollar amount not related to the share price). To me, the point of making one take the same dollar-based position in a contest is to force entrants to choose 5 stocks rather than as few as 1 as in this game (possible in this game by choosing MSFT and 4 penny stocks, for example). All stock contests I've seen, save this one, force you to choose stocks in that manner, either 5 or 10, and since the implied dollar amounts are equal, each contributes 1/5th towards the overall gain or loss of the portfolio. This game does allow one to only have to choose 1 stock (along with 4 irrelevant penny stocks), though, and that can give you a greater chance of winning it all or losing it all. Perhaps that's the point. If I had seen the FAQ with the winning method described, I would have chosen my portfolio that way as some did.