This board is dedicated to our little contest on best picks of listed stock for a $100 fictive portfolio.
Our first deadline was Feb 28, 2006 with the cut-off for entries 6am NY time on 11/14/2005.
To see the results of our first competition (from November 30th, 2005 to February 28th, 2006) have a look at this post:
Message 22214984
The results of our second competition (from March 1st to June 30th, 2006) are available here:
Message 22590223
Our current round started with an entry cut-off on July 3rd and runs through November 17th. Proficient investors - and others - believing they can beat our current elite (!) team are welcome to join the current round at any time against a small penalty, see rule 6- below
Next round kick off is on Monday November 27, right after Thanksgiving. Your entries are due by 7am EST same date and the contest runs through March 30. The members of our team as well as newcomers capable of teaching us vets a few things are welcome to join this new race for eternal fame. (Due to your Thanksgiving stress only, this time entries may be accepted during the day but prior to the bell on Mon 11/27)
Portfolio Rules:
1- The game goes from Nov 27 (Monday) through March 30 (Friday), approx. four months. Your initial picks must be in before 7am EST Nov 27 (Monday) and will be valued at their Nov 27 closing price. The game is off and running from market close on Nov 27.
2- You start with $100, and get to buy stocks on Nov 27 and also the last weekend of each month. You pay 1% commission on sells, buys are free. You can sell a stock any day as long as your order is in same day before market closes, and you get the closing price of same day.
3- Stocks have to be US listed and trade on either Nasdaq or NYSE, no pinko sheets.
4- You only get to invest long in equities (no shorts, no options), but you can sit in cash if you want to.
5- Max 50% of the total portfolio (incl. any cash position) at most in any single stock initially and upon trading at trading dates which are usually Fridays end of the months (subject clarification).
6- You can also join in the middle of a game, but your starting capital will be equal to the same day closing value of the person in last place minus $1. Post your picks during a trading day, and you buy your stock picks on their closing prices that day.
7- Any "slimy maneuvering" (SM) will be punished by deduction of 2$ from the individual's portfolio. After 3 days of educational leave to Las Vegas Elroy has become our ultimate SM expert and decides unless otherwise outvoted by the investment team. |
