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Pastimes : SI International Ope' Stock Picking Contest -- Ignore unavailable to you. Want to Upgrade?


To: KZAP who wrote (2423)12/12/1998 10:16:00 AM
From: Kirk ©  Read Replies (1) | Respond to of 2640
 
My memory tells me the contest was "winner has the best gain after 3 months". Go read the rules and see there was no mention of grandmothers.... Those internut stocks could go the other way for those holding them. Those that picked them (not I) were gambling more or they were just smarter than us.

I only put my money into 1 of my 5 picks, LRCX, and I am on record with this on my site. suite101.com Had I been allowed to put all my money into the one stock as I did with my own at this point in time, I would be up 78% rather than 58%. Funny is this would still only be 3rd place! So don't complain as it goes both ways....

(What I really mean is I put all available cash into Lrcx at that point in time rather than spread it amoung 4 lessor picks).

regards
Kirk (in 10th at last posting) out



To: KZAP who wrote (2423)12/12/1998 10:48:00 AM
From: AugustWest  Read Replies (2) | Respond to of 2640
 
>>I'm saying is they wouldn't risk their own money on their
picks. On the other hand, I have.

Respectfully and strongly disagree with you! I have invested in ALL of my picks during the contest with the exception of DELL.

And BTW, the CYSP was a no brainer. At the time the the contest started it was $2 under its IPO. Only reason because everything was getting hammered. That is the reason we are seeing the high returns. EVERYTHING WAS WHACKED.

Now, If I had my original position in CYSP, I;d be an idiot because at one point it was up 600%+. Profit taking? Bet your sweet butt.

But I'm currently long CYSP again(too much fun), and as far as CKFR, well, that one took even less brains, and I'm extremely long there. Been in it for almost a year now, and not only have I steered friends and family into positions there, I remain extremely bullish even at $20.

Did you even look at my picks besides my crazy overvalued CYSP?

I thought I did a pretty good job of mixing up some long shots with solid blues. Only thing, who'd thought Gillette and Dell would be the stinkers? I had them pegged for at least 40% each from when the contest began. Oh well, guess I have a few things to learn.

Thankyou for all your work Forest.