Messages

Forum Index : Investments : Messages Page 1 of 2  1 2  
Author: [Investments] Topic: 2011 Stock market contest
wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
Participation Meter
Covers Linesmen
Joined: Feb 2003
Posts: 49612
Location: United States
#1
Posted: 1/1/2011 3:07:26 PM
I havent finished calculating last years contest results but here are the rules for this years contest.

-First picks must be made by the close of market on Friday Jan 14th

-Stocks must be on major market, no OTCBB or PK stocks

- Trades must be at market price, or closing price PRIOR to market opening (so if you make a pick at night it is based on market open price the next trading session) and prices will be verified as to the accuracy

- You can buy and sell FIVE round trips during the year, but cannot make an additional buy before the previous sell is placed

- New for this year, you can have TWO positions at a time, but at a 50% rate, so if you have two holdings they are for 50% of portfolio versus any other percentage. You must also specify this when making a trade, so if you want two holdings you have to state it when you buy..not after you have the first holding.

Winning calculations will be made as a percentage of gain, not based on the price of the stock.

Any questions feel free to ask, everyone is invited to join the contest.


quote
JEFFMARKETCAP
RSI Wagerline RSI Rating
send a private message View Space | Blog | Friends | Playbook |
JEFFMARKETCAP
Participation Meter
Legend
Joined: Nov 2002
Posts: 51921
Location: Illinois
#2
Posted: 1/1/2011 3:25:26 PM
No canadian stocks?
quote
wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
Participation Meter
Covers Linesmen
Joined: Feb 2003
Posts: 49612
Location: United States
#3
Posted: 1/1/2011 3:57:15 PM
QUOTE Originally Posted by JEFFMARKETCAP:

No canadian stocks?


Those are fine, good clarification. Only stipulation would be if the stock is listed on the TSE and had a spread that was reasonable.


quote
tommyd222
RSI Wagerline RSI Rating
send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Station |
tommyd222
Participation Meter
Veteran
Joined: Aug 2009
Posts: 2245
Location: Nevada
#4
Posted: 1/2/2011 12:04:20 AM
Is this all going to be done in this thread??
quote
wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
Participation Meter
Covers Linesmen
Joined: Feb 2003
Posts: 49612
Location: United States
#5
Posted: 1/2/2011 3:04:10 PM
QUOTE Originally Posted by tommyd222:

Is this all going to be done in this thread??


Yeah unless it gets over 100 posts, then we will make a second.


quote
be easy send a private message View Space | Blog | Friends | Playbook |
be easy
Participation Meter
MVP
Joined: Oct 2006
Posts: 15412
Location: Pennsylvania
#6
Posted: 1/2/2011 4:20:41 PM
how do you score these?

Is it just 1 unit on (DRYS) or 1/2 unit on (DRYS) and 1/2 on (WFC)

or does everyone just start with 10000 funny dollars?
quote
wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
Participation Meter
Covers Linesmen
Joined: Feb 2003
Posts: 49612
Location: United States
#7
Posted: 1/2/2011 5:19:39 PM
Its up to 2 positions.

Not using a dollar figure, rather going off percentages.

If you want one position, just pick one stock..that equals 100% for your entry. If you want two positions, both now then state the two positions and it is 50/50. If you want two positions, one now and one later then state that as-

DRYS 5.60 50% second position TBD or whatever.

If you start at 1 position and do not claim it to be a 50% position, then you are 100% on that position until you close the trade..then you can do two or one on the next.

It probably complicates things but opening up the choice of two positions seemed to add a wrinkle to the contest, and having 5 open/close trades available seemed to make it more interesting too.
quote
be easy send a private message View Space | Blog | Friends | Playbook |
be easy
Participation Meter
MVP
Joined: Oct 2006
Posts: 15412
Location: Pennsylvania
#8
Posted: 1/3/2011 12:14:13 PM
ok i'll go first.

one position

QMM

do i get it 2 market as of 1213 ? if so then 2.03 is my in price

or are you allowed to say bid for 2.00 for day of 1/3/11?
quote
wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
Participation Meter
Covers Linesmen
Joined: Feb 2003
Posts: 49612
Location: United States
#9
Posted: 1/3/2011 1:07:33 PM
You can have it at 2 bucks, it traded there today, so that is good with me.

Now that means 100% of your "portfolio" is QMM right?

If yes then before you take another position you have to trade out of QMM first.

If you want it to be a 50% position then you can do that and add a second stock etc at any time.
quote
avenue send a private message View Space | Friends | Playbook |
avenue
Participation Meter
Veteran
Joined: Jan 2010
Posts: 4920
Location:
#10
Posted: 1/3/2011 1:23:25 PM
50% position wga  2.25
quote
JEFFMARKETCAP
RSI Wagerline RSI Rating
send a private message View Space | Blog | Friends | Playbook |
JEFFMARKETCAP
Participation Meter
Legend
Joined: Nov 2002
Posts: 51921
Location: Illinois
#11
Posted: 1/4/2011 7:00:21 AM
100% position EPO.V  whatever it opens at.  
quote
misfits send a private message View Space | Blog | Friends | Playbook |
misfits
Participation Meter
Banned
Joined: Sep 2007
Posts: 3720
Location: Nevada
#12
Posted: 1/4/2011 7:28:20 AM
QUOTE Originally Posted by JEFFMARKETCAP:

100% position EPO.V  whatever it opens at.  
is that the same as ENCTF? your wpshf had a nice bounceback after pullin back to .93. sittin at 1.16 now
quote
wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
Participation Meter
Covers Linesmen
Joined: Feb 2003
Posts: 49612
Location: United States
#13
Posted: 1/4/2011 10:26:50 AM
I am going to carry my FAZ over from last year, go with a 50% position at 8.98 (last price).


quote
JEFFMARKETCAP
RSI Wagerline RSI Rating
send a private message View Space | Blog | Friends | Playbook |
JEFFMARKETCAP
Participation Meter
Legend
Joined: Nov 2002
Posts: 51921
Location: Illinois
#14
Posted: 1/4/2011 7:09:54 PM
QUOTE Originally Posted by misfits:

is that the same as ENCTF? your wpshf had a nice bounceback after pullin back to .93. sittin at 1.16 now
Yeah, it is the same company.  But I buy the one on the candian exchange.  
quote
JEFFMARKETCAP
RSI Wagerline RSI Rating
send a private message View Space | Blog | Friends | Playbook |
JEFFMARKETCAP
Participation Meter
Legend
Joined: Nov 2002
Posts: 51921
Location: Illinois
#15
Posted: 1/4/2011 7:10:12 PM
So I am in on EPO.V at .49
quote
GoldjaBoy send a private message View Space | Friends | Playbook |
GoldjaBoy
Participation Meter
Captain
Joined: Dec 2007
Posts: 9090
Location: Maryland
#16
Posted: 1/5/2011 5:10:06 PM
QUOTE

Originally Posted by wallstreetcappers:

I am going to carry my FAZ over from last year, go with a 50% position at 8.98 (last price).


FAZ? i shorted that at 17.20, cover out at 11.00.

CAPPS you a smart dude. I think FAZ rolls to 4 per in the next 6 months! You still holding long?

quote
wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
Participation Meter
Covers Linesmen
Joined: Feb 2003
Posts: 49612
Location: United States
#17
Posted: 1/5/2011 7:15:41 PM
QUOTE Originally Posted by GoldjaBoy:

FAZ? i shorted that at 17.20, cover out at 11.00.

CAPPS you a smart dude. I think FAZ rolls to 4 per in the next 6 months! You still holding long?



Yup..I will keep nibbling on the drop.

This move to 12k is phony, based on no fundamentals with leverage still existing, unemployment still extremely high, global uncertainty..

The market is a joke, and as we know it can stay a joke for an extended period..I am not going anywhere.
quote
ogmike send a private message View Space | Blog | Friends | Playbook |
ogmike
Participation Meter
Veteran
Joined: Jul 2002
Posts: 2894
Location: Texas
#18
Posted: 1/6/2011 11:04:36 AM

can i get in a stock based on the day's low or how do i determine what price i'll be in on?

 

quote
wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
Participation Meter
Covers Linesmen
Joined: Feb 2003
Posts: 49612
Location: United States
#19
Posted: 1/6/2011 1:01:56 PM
QUOTE Originally Posted by ogmike:

can i get in a stock based on the day's low or how do i determine what price i'll be in on?

 



No, just make an entry, if the price is reasonable for when you posted the entry then I shouldnt have a problem.
quote
ogmike send a private message View Space | Blog | Friends | Playbook |
ogmike
Participation Meter
Veteran
Joined: Jul 2002
Posts: 2894
Location: Texas
#20
Posted: 1/6/2011 2:35:46 PM

Can I get ATPG at 17.10 for 50% of my position?  Also, QPSA at 11.20 for the other 50%.

quote
billieman send a private message View Space | Friends | Playbook |
billieman
Participation Meter
Veteran
Joined: Dec 2006
Posts: 1436
Location:
#21
Posted: 1/8/2011 11:49:49 AM
BP at 46.08 (100%)...I do not have access to covers during the week so if it opens higher Monday I will take that price instead for fairness.  Thanks Wall
quote
Jamill24 send a private message View Space | Friends | Playbook | My Sportsbook: Las Vegas Hotel and Casino |
Jamill24
Participation Meter
Veteran
Joined: Mar 2004
Posts: 1320
Location: Colorado
#22
Posted: 1/8/2011 9:11:43 PM
I will take RPC....Wall, I will get the opening price Monday morning correct?
quote
wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
Participation Meter
Covers Linesmen
Joined: Feb 2003
Posts: 49612
Location: United States
#23
Posted: 1/8/2011 9:45:14 PM
Yeah you guys have until the end of next week to enter, so let me know on monday what price the stock trades and I will make sure it is legit then you are good to go.
quote
platypus send a private message View Space | Friends | Playbook | My Sportsbook: Pinnacle Sports |
platypus
Participation Meter
Captain
Joined: Oct 2005
Posts: 6052
Location: Netherlands
              Antilles
#24
Posted: 1/9/2011 2:22:54 PM
I don't think I will get an opportunity to post during trading hours but I'll take aapl to have another good year

$500 by next December
quote
wredskins send a private message View Space | Blog | Friends | Playbook |
wredskins
Participation Meter
Captain
Joined: Dec 2007
Posts: 6874
Location: Louisiana
#25
Posted: 1/10/2011 4:59:35 PM
I'll take GMO, I'm not exactly sure how your running it as far as entry price goes but it traded from 5.87-6.16 closing at 5.95 today.
quote
Forum Index : Investments : Messages Page 1 of 2  1 2  
You have entered the forum as a GUEST. 
You must login/register to post or reply.