This board is dedicated to our little contest on best picks of listed stock for a $100 fictive portfolio, no real cash involved.
Our first competition took place 11/14/2005 through 02/28/2006 and since then we have had another 24 back-to-back races and our most recent 24th game ended Friday, Sept 26th with Glenn Petersen being the winner of this contest.Stay tuned for our upcoming announcement of a new round...
Glenn, while biding his time until then, put in some extra coal when required, jumped ahead and came up with a solid win way ahead of his contenders for the first price. Our congrats, Glenn!
ATTENTION:
Our next and 25th competition kick-off and first trading day will be Monday, Oct 20th. This round will end on and at closing values of Friday, March 6th, 2015.
Sorry, no new entries to this race will be allowed after Monday, Oct 20th, so if you miss/missed it this time, you'll will have another chance but must then wait for that until early April 2015... so don't procrastinate but join our exclusive competition NOW, by this upcoming Monday, Oct 20th - this year!
Pick your stock by Friday Oct 17th this week and you get same day's closing prices. Or just post to Elroy "I am in for $100" and you are in the game and can make your picks on Monday or after Nov 2nd.
No trading between Oct 21st - Nov 2nd and no updates Oct 22nd- Nov 2nd.
List of Winners by Rounds:
24.-Glenn Petersen
23.-Peace
22.-KaiserSosze
21.-Sultan
20.-epicure
19.-richardred
18.-jmiller099
17.-Custer
16.-SARMAN
15.-Elroy
14.-Custer
13.-jmiller099
12.-Peter van Steenis
11.-Arthur Radley
10.-Sultan
09.-Asymmetric
08.-mjfdl
07.-John Fowler
06.-J. Chris Parsons
05.-Bonefish
04.-Iktomi
03.-Peace
02.-Jatin Kadakia
01.-Taro
1. Trading days have been changed to any Fridays any month, (Changes to that including other or additional trading days optional. Such changes, if any, will be announced no later than the previous trading day the week before.).
2. Max 5 positions picks at any time, each of the 5 positions being long, short or cash, no more than 50% value of any long or short position.
PLEASE NOTE THAT ANY FRIDAY, BUT NO NO MORE THAN ANY FRIDAYS ANY MONTH AND PLAYER, ARE GOOD FOR YOUR TRADING!!
(OPTIONALLY BUT ONLY IF SO ANNOUNCED AS PER TOP 1. ABOVE, TRADING DAY(S) MAY BE ADDED OR MOVED DURING THE GAME).
Let me repeat that again, no more than four of the above specified weekdays of trading per month for each player!
- Sorry, but newcomers can no longer join in the middle of our game -
Portfolio Rules (please note a slight - underlined - modification to rule 3):
1- Our new and current and 24th competition was Monday, May12th, and it runs through Friday, Sept 26th, 2014.
2- You start out with $100 fictive money, no real cash required.
Initiate your position by buying or shorting a stock, or announce your cash position, max 5 items - long, short or cash - , to Elroy as usual before closing hours on the Thursday before a competition kick off. If no picks as yet, your "I'm in for $ 100" by same time will suffice,
and further on any of max. 4 monthly 'trading days' (see header above) of your choice, as long as you get your order in before the close of trading that day.
Same day's closing price for your transaction applies.
You can also sell or cover a short on same trading weekdays, again as long as you get your orders in before the market close of that day.
Sales and short covers pay a 1% commission on the amount as a trading cost. No trading costs for buys.
Sorry guys, but for technical reasons we cannot account for dividends in this competition, so just carry them to your bank with that smile ;)
3- "Stocks" means US listed stock and traded on either Nasdaq, NYSE, incl. NYSE Alternext U.S. or NYSE MKT (former NYSE Amex).
No BBs, OBs, PKs, ETFs, PIZZAs or similar please!
If a stock gets delisted during the game, however, the owner must sell the shares or cover the shorts of said stock and will get the closing value of the next regular trading day.
In clear language, no purchases of or holding on to bulletin board or pinko sheet stocks!
4- You can invest long or short (short: PP min $5 as is mostly the rule in the real investment world, but you can also start out or sit in (all) cash if so preferred.
Shorts will be valued as PP+(PP-DP).
PP=Purchasing Price, DP=Price of the Day.
5- Max 50% of the total portfolio at most in any single stock, long or short, initially and upon buying or shorting on your trading date of choice, which is one trading day only your choice every month.
No partial sales of a position and no additions to an existing position.
But you can always - on a trading day - liquidate all your holdings, long or short, and buy/short any stock including your previous holdings at the closing price of same or any later trading day of choice.
Your buy orders must be in no later than same day's market close.
Initializing, holding or closing out your portfolio in all cash is allowed.
6- Post your picks - (long and short) or cash - during your choice of trading day, and you get your picks at their closing prices that same day.
Remember: max. 5 items in total incl cash positions if any.
7- Each participant is responsible for following the rules above and we expect same rules to be followed without any need for board cops.
Also make sure getting the symbols right or your whole transaction of that time may be declared void.
Should someone, however, by mistake enter an illegal order which is refused, then he will be allowed to put in a new order the next day.
No cheating, please! Such abominable action will be punished by deduction of 2$ from the individual's portfolio.
Our Master Elroy exclusively rules in such cases - unless outruled by a majority of our board - or a hurricane!!! |
