|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:
The results of our 2nd competition (from March 1st to June 30th, 2006) are available here:
The results of our 3rd competition (from July 3rd to November 17th, 2006), as usual with a new winner:
The results of our 4th 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:
The results of our 5th 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:
The results of our 6th game (from Monday August 13th, 2007 to Jan 18, 2008) and as usual
with a new winner in an amazing last second photo finish:
The results of our 7th competition (from Monday Jan 28th to May 2rd, 2008) and as usual
with a new winner in what may look like a comfortable walk but really was a close call until
just before the line:
The results of our 8th competition (from Monday May 5th to Friday Aug 15th, 2008) and in our best tradition with
a new winner in what long looked like a safe bet but which came to a closer call
just before the line:
The results of our 9th competition, which ended on Friday March 20th 2009, are available through the link below.
In our best tradition we again have a new winner, who eventually demonstrated his unique class towards the very end.
Current Round:CURRENT ROUND #10 KICK OFF WAS MONDAY, MARCH 30TH AND IT RUNS THROUGH FRIDAY AUGUST 21ST. LATE COMERS, HOWEVER, STILL ARE ACCEPTED, see rule #6- below
Now, Elroy deserves a few weeks off out of the jungle and back to civilized SFO, and therefore the following temporary rules apply:
There will be no further trading for anyone until end of April when Elroy is back from vacation. After that we're back to our normal trade on Fridays only. Same procedure applies for late entries, who please hold their horses until Elroy is back in office again end of April.
- As soon as Elroy is back end of the month you can also join in the middle of a game at any Friday at any time 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 your choice of trading Friday, and you get your picks at their closing prices that same day. Check 6 - below for further details.
1- The current competition (Round #9) started on Dec 5th and just ended today, Friday, March 20th, 2009, a total of 14 weeks. The result and - The Winner! - will be published by Monday.
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, Dec 5th, and further on any Friday, as long as you get your order in before the close of trading that Friday.
Same Friday's closing price for your transaction applies.
You can also sell or cover a short on same trading Fridays, again as long as you get your orders in before the market close of that Friday.
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 or NYSE incl. NYSE Alternext U.S. No BBs, OBs, PKs, ETFs or similar please!
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 on your trading date of choice, which is one Friday only your pick every month.
No partial sales or buys, please.
But you can always 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 Friday 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- You can also join in the middle of a game at any Friday at any time but your starting capital will be equal to the same day closing value of the person in last place minus $1.
Post your picks - (long and short) or cash - during your choice of trading Friday, and you get your picks at their closing prices that same day.
Remember: max. 5 items in total incl cash positions if any.
7- Each participant is responsible for following the rules above and we expect same rules to be followed without any need for board cops.
Any "slimy maneuvering" (SM) will be punished by deduction of 2$ from the individual's portfolio.
Our SM expert Elroy, now an established pro in Far East SM tactics, decides in each case unless outruled by the majority of our board.