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This board is dedicated to our little contest on best picks of listed stock for a $100 fictive portfolio, no real cash involved.
Our first competition took place 11/14/2005 through 02/28/2006 and since then we have had 30 back-to-back races with our most recent 30th game ending Friday, May 12, 2017 and with Da Rookie taking "The Price" for the first time and thus joining our exclusive 'W' circle! Hearty Congrats from us all, D Rookie!!!
Another round may be announced here later, so check in from time to time.
List of Winners by Rounds:
30.- Da Rookie
12.-Peter van Steenis
06.-J. Chris Parsons
1. Trading days are any one weekday, (Changes to that including other or additional trading days optional. Such changes, if any, will be announced no later than the previous trading day the week before.).
2. Hold 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 WEEKDAY IS GOOD FOR YOUR TRADING!!
(OPTIONALLY BUT ONLY IF SO ANNOUNCED AS PER TOP 1. ABOVE, TRADING DAY(S) MAY BE ADDED OR MOVED DURING THE GAME).
- Sorry, but newcomers can no longer join in the middle of our game -
1- Our recent round and 30th competition kick-off date was Monday, Nov 21st, 2016 and it ended on Friday, May 12th, 2017.
2- You start out with $100 fictive money, no real cash required.
Initiate your position by buying or shorting*) a stock, or by announcing your cash position, max 5 items - long, short or cash - , to Elroy as usual before closing hours on the Friday before a competition kick off. If no picks as yet, your "I'm in for $ 100" by same time will suffice, and further on any 'tradingday' (currently any single weekday, see header above) of your choice, as long as you get your order in before the trading closure that day.
Same day's - or first Monday kick off - closing price for your transaction applies.
*) Shorting stocks of PP 5$ value or higher only!
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" mean US listed stock and traded on either Nasdaq, NYSE, incl. NYSE Alternext U.S. or NYSE MKT (former NYSE Amex).
No BBs, OBs, PKs, ETFs, PIZZAs 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 within the contest period only.
In clear language, no purchases of or holding on to bulletin board or pinko sheet stocks!
4- You can invest long or short (shorting stock: PP min $5 min as is mostly the rule in the real investment world) but you can also start out or sit in (all) cash if so preferred.
Shorts will be valued as PP+(PP-DP).
PP=Purchasing Price, DP=Price of the Day.
5- Max 50% of the total portfolio at most in any single stock, long or short, initially and upon buying or shorting on your trading date of choice, which is one trading day only your choice every month.
No partial sales of a position and no additions to an existing position.
But you can always - on a trading day - liquidate all your holdings, long or short, and buy/short any stock including your previous holdings at the closing price of same or any later trading day of choice.
Your buy orders must be in no later than before same day's market close.
Initializing, holding or closing out your portfolio in all cash is allowed.
6- Post your picks - (long and/or short) or cash - during your choice of trading day, and you get your picks at their closing prices that same day.
Remember: max. 5 items in total incl cash positions if any.
7- Each participant is responsible for following the rules above and we expect same rules to be followed without any need for board cops.
Also make sure getting the symbols right or your whole transaction of that time may be declared void.
Should someone, however, by mistake enter an illegal order which is refused, then he will be allowed to put in a new order the next day.
No cheating please, such action will be punished by deduction of 2$ from the cheater's portfolio.
Ringmaster and 2 times winner Elroy exclusively rules in such cases - unless out-ruled by a majority of our board - or a hurricane!!!
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