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 third competition (from Nov 27th to March 30th), as always with a new winner but believe it
or not, a newbie come in and snatched the price in style:
Message 23418937
Portfolio Rules:
1- The current round (#5) started on April 2nd and ends on August 3rd (Friday), a total of approx. 4 months.
Any newcomers capable of teaching us vets a few things are welcome to join this new race for eternal fame.
Latecomers can still join, see rule 6- below.
2- You start out with $100 fictive money, no real cash required, and get to "buy" stocks on Apr 2th and also the last Friday of each month, see rule 5- below. You pay 1% commission on sales or short covers, buys are free. You can sell a stock, long or short, any day as long as your sales order for all of that stock is in same day before market closes. You then get the closing price of same day.
Sell all or none of the stock, no partial sales allowed.
3- Stocks have to be US listed and trade on either Nasdaq or NYSE, no BBs, OBs, or PKs!
In clear language, absolutely no bulletin boards or pinko sheets please.
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), but you can also sit in 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 (incl. any cash position) at most in any single stock, long or short, initially and upon buying at trading dates which are last Fridays end of each month.
Your buy orders must be in no later than same Friday's market close.
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 extended studies in Las Vegas Elroy, operating there under deep cover "Chop Chop", has become our resident SM expert and decides unless otherwise outvoted by the investment team. |
