|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.
List of Winners by Round:
12.Peter van Steenis
06.J. Chris Parsons
ATTENTION: Our current and 14th game kick-off was September 7th and it runs thru Friday, December 3rd. Latecomers can still join the game, see rule 6- below for details.
1. Trading days are any of maximum 4 days a month (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 DAY, BUT NOW NO MORE THAN 4 DAYS EACH MONTH AND PLAYER, ARE GOOD FOR YOUR TRADING!!
Let me repeat that again, no more than four days of trading per month for each player!
- Newcomers can still join in the middle of our game at any trading day of their choice, but their starting capital will be equal to the same day closing value of the person in last place minus $1.
Post your picks - max. 5 items, long, short or simply cash - during your choice of entering trading day, and you get your picks at their closing prices that same day. Check 6 - below for further details.
1- This upcoming competition (Round #13) starts on next Tuesday, September 7th and ends on Friday, December 3rd, 2010, a total of 3 months.
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 Fri, September 3rd, and further on any of max. 4 monthly trading days 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 value of the last regular closing 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- You can also join in the middle of a game at any day at any time but your starting capital will be equal to the same day closing value of the person in last place minus $1.
Post your picks - (long and short) or cash - during your choice of trading day, and you get your picks at their closing prices that same day.
Remember: max. 5 items in total incl cash positions if any.
7- Each participant is responsible for following the rules above and we expect same rules to be followed without any need for board cops.
Also make sure getting the symbols right or your whole transaction of that time may be declared void.
Any "slimy maneuvering" (SM) will be punished by deduction of 2$ 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.