This board is dedicated to our little contest on best picks of listed stock for a $100 fictive portfolio.
Our first competition took place 11/14/2005 through 02/28/2006.
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
The results of our third competition (from July 3rd to November 17th, 2006), as usual with a new winner:
Message 23025242
The results of our fourth competition (from Nov 27th, 2006 to March 30th, 2007), as always with a new winner but believe it
or not, a newbie come in and snatched the price in style:
Message 23418937
The results of our fifth round (from April 2nd to August 3rd, 2007), and again...
with a new winner, a newbie!!, who grabbed the price in a high tension photo finish:
Message 23763783
The results of our sixth game (from Monday August 13th, 2007 to Jan 18, 2008) and as usual
with a new winner in an amazing last second photo finish:
Message 24230638
Portfolio Rules:
1- The current competition (Round #7) started on Jan 28th and runs through Friday, May 2nd, 2008, a total of 13 weeks.
Any newcomers capable of teaching this increasingly skilfull team a few things are welcome to join this new race for eternal fame at any time.
Late comers are welcome at any time, check rule 6- below.
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 incl. cash,
to Elroy as usual before closing hours on Friday, January 25th, and further on any one of max two open market days a month as long as you get your order in before the close of trading that day. You get same day's closing price for your transaction.
You can also sell or cover a short on any (max 2) days a month the market is open, again as long as you get your orders in before the market close.
Sell or cover all or none of your stock, no partial sales allowed!
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 ;)
You can trade any day you like, but you are limited to two (2) days of trading activity per month incl. initial picks.
On any given day, you can do as many trades as you like (eg., cover a short, sell a holding, buy new stocks) but
you can only be active on two days out of each month.
3- "Stocks" means US listed stock and traded on either Nasdaq or NYSE. No BBs, OBs,PKs, ETFs or similar please!
[t]New Rule:[/t]
If a stock gets delisted during the game, however, the owner can still keep the shares as long as they are traded and prices can be linked to Elroy's system
In clear language, still no purchases of bulletin boards or pinko sheets, but if delisted during a round you can still keep your picks as per the rule above.
4- You can invest long or short (short: PP min $5 as usual, max one stock short and max 50% of the portfolio value shorted at any time)
in equities - no options though - 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 at trading dates
which are any of max 2 trading days every month.
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- 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 $1.
Post your picks - (long and short) or cash - during a trading day, and you get your picks at their closing prices that day.
Remember: max. 5 items in total incl cash positions if any.
7- Each participant is responsible for following the rules above and we expect same rules to be followed without any need for board cops.
Any "slimy maneuvering" (SM) will be punished by deduction of 2$ from the individual's portfolio.
Our SM expert Elroy - he recently studied SM techniques in SE Asia - decides unless otherwise persuaded by the board ;) |
