|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.
Following the unique example of Custer, our first winner of a 2nd W, this recent competition nbr 18 'Coug's Memorial', was won by our previous winner of round nbr. 13, jmiller099, now only the 2nd proud member of our exclusive club of 'WW' veterans.
List of Winners by Rounds:
12.- Peter van Steenis
11.- Arthur Radley
07.- John Fowler
06.- J. Chris Parsons
02.- Jatin Kadakia
ATTENTION: Our past "Round 18" - The Coug Memorial" ended Friday April 20th. Our new winner jmiller099 joined the exclusive "Double WW" club and besides our congrats thus deserves the highest level of respect!
Our new Round 19 is off running on Monday May 7th so please get your bets in by Friday May 4th this week. Join our competition by placing your bets or at least your $100, bets to come later, with Elroy by Friday this week..
1. Trading days are any of a maximum of 4 Tuesdays and/or Fridays a month (but do expect some changes to be announced when Elroy is travelling).
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 TUESDAY OR FRIDAY, BUT NO NO MORE THAN 4 TUES- OR FRIDAYS EACH MONTH AND PLAYER, ARE GOOD FOR YOUR TRADING!!
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- This competition, the "Round 19 will start on Monday, May 7th and run through Friday, Sept 28th, 2012, a total of 18 weeks.
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 a last Friday before a competition kick off ,
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 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
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 $5 as is mostly the rule in the real investment world, but you can also start out or sit in (all) cash if so preferred.
Shorts will be valued as PP+(PP-DP).
PP=Purchasing Price, DP=Price of the Day.
5- Max 50% of the total portfolio at most in any single stock, long or short, initially and upon buying or shorting on your trading date of choice, which is one trading day only your choice every month.
No partial sales of a position and no additions to an existing position.
But you can always liquidate all your holdings, long or short, and buy/short any stock including your previous holdings at the closing price of same or any later trading day of choice.
Your buy orders must be in no later than same day's market close.
Initializing, holding or closing out your portfolio in all cash is allowed.
6- Post your picks - (long and short) or cash - during your choice of trading day, and you get your picks at their closing prices that same day.
Remember: max. 5 items in total incl cash positions if any.
7- Each participant is responsible for following the rules above and we expect same rules to be followed without any need for board cops.
Also make sure getting the symbols right or your whole transaction of that time may be declared void.
Should someone, however, by mistake enter an illegal order which is refused, then he will be allowed to put in a new order the next day.
No cheating, please! Any such slimy pieces of action will be punished by deduction of 2$ from the individual's portfolio.
Our deep undercover cheatings investigating copper Elroy decides in such cases unless outruled by the majority of our board.
*) We renamed this round in honor of our long term regular Coug, one of our very best, who sadly passed away
the weekend of March 10th.