Stock Market Contest 04.01.01

[Elefekt]

Well as said I will be doing this again

I hope there is still the same interest now with the merge .

Here's how it works:

Each entry will cost 75 NP$
Limit one choice per contestant
Maximum 10 contestants

Each contestant will choose a NASDAQ or NYSE listed company (no mutual funds, hedge funds, etc.), prior to market opening on Jan 5. At the end of the week, Jan 9, the contestant that chose the stock with the highest percentage gain, wins 85% of the pot. I am an avid stock trader and have the programs needed to keep track of the contest. Each day of the contest, I'll update the standings so that everyone has an idea of how well their "investments" are doing. When sending the 75np$, make sure to note your selection for the contest with either the full name of the company or the stock symbol. Thanks and good luck to all!

You can sign up until 10pm Sunday Night Hawaii time. This gives most of you extra time.

Dont worry about the pot of np I will not mysteriously dissappear unless I die.

I will list the contestants here.

1. CoolHost.com (DELL, DELL INC)
2. Armstrong (SU, SUNCOR ENERGY INC)
3. Jane118 (ELN, ELAN CORP PLC)
4. smh7233 (AA, ALCOA INC)
5. johnn (EBAY, EBAY INC)
6. DomainOgre (NFLX, NETFLIX)


Opening Prices:

1. CoolHost.com (DELL, DELL INC) 34.70
2. Armstrong (SU, SUNCOR ENERGY INC) 25.85
3. Jane118 (ELN, ELAN CORP PLC) 7.15
4. smh7233 (AA, ALCOA INC) 37.90
5. johnn (EBAY, EBAY INC) 63.31
6. DomainOgre (NFLX, NETFLIX) 54.50


Todays Results (Monday, January 5, 2004):

1. CoolHost.com (DELL, DELL INC)
2. Armstrong (SU, SUNCOR ENERGY INC)
3. Jane118 (ELN, ELAN CORP PLC)
4. smh7233 (AA, ALCOA INC)
5. johnn (EBAY, EBAY INC)
6. DomainOgre (NFLX, NETFLIX)


Ending Prices:

1. CoolHost.com (DELL, DELL INC) 35.57
2. Armstrong (SU, SUNCOR ENERGY INC) 25.28
3. Jane118 (ELN, ELAN CORP PLC) 8.44
4. smh7233 (AA, ALCOA INC) 37.25
5. johnn (EBAY, EBAY INC) 63.4
6. DomainOgre (NFLX, NETFLIX) 62


Final Standings:
1. Jane118 (ELN, ELAN CORP PLC) +18.04%
2. DomainOgre (NFLX, NETFLIX) +13.76%
3. CoolHost.com (DELL, DELL INC) +2.50%
4. johnn (EBAY, EBAY INC) +0.14%
5. smh7233 (AA, ALCOA INC) -1.71%
6. Armstrong (SU, SUNCOR ENERGY INC) -2.20%




Last round's winner: Jane118

Total Winnings would be: 385 NP$


Useful Links:

http://www.nasdaq.com

http://www.nyse.com

http://reuters.com

http://quote.com

http://morningstar.com

http://finance.yahoo.com

http://money.com

http://fool.com

 

[armstrong]

What's the pot at now, Christian?

 

[Elefekt]

Entries are closed and the thread is completely updated.

The pot is at 385np (rounded up).

Good Luck to all!!

 

[Jeff]

Yahoo:

Market Overview
Mon 10:38am ET
Major indices dip off their best levels, but continue to trade with a firmly positive disposition... Advancers are leading decliners by more than a 2-to-1 margin at the NYSE and Nasdaq, and up volume is outpacing down volume by more than a 4-to-1 margin.

WooHoo.

 

[-SMH-]

i think i have the day 1 lead :tu: that for sure means i will probably finish last.

 

[Jeff]

Yahoo:

Top Stories
Nasdaq Closes Near 2-Year High
Mon 4:37pm ET - Reuters
U.S. technology stocks rose on Monday, pushing the Nasdaq Composite Index to its highest level in almost two years, lifted by a positive forecast from software maker Siebel Systems Inc.

W :o W.

 

[Elefekt]

Updated the thread

 

[Elefekt]

looks like jane is rolling high today!!

 

[armstrong]

I'm last again, so far. Are you watching this, RJ? :D

 

[Elefekt]

looks like its gonna be another Jane week..another ELN week...

 

[Jeff]

Did I win yet? :p

 

[DomainOgre]

NFLX closed at 62 and started at 54.50 so might be close with Jane ($7.15 to $8.44) and me . I have not whipped out a calculator yet to see who won tho.

Grrr Looks like Jane won after all. Hers rose 18% while mine only rose 13.76%

 

[Elefekt]

Jane wins yet again! same stock too!! congrats..NP on the way

 

[Jeff]

Congratulations, Jane! :tu:

:kickass:

 

[armstrong]

Congrats, Jane!
I'm dead last again for the fourth straight time. Soon I'll be contacting my broker to short some stocks for real. :kickass:

 

[johnn]

next time you enter the contest with the stock. Start to short the same stock on Monday.

 

[armstrong]

That's the idea. I'll use the same stock-picking method employed in the past four contests, submit a "short" order before Monday open, and close the short just before Friday close. I believe the odds are good that I'll have similar results.

 

[Jeff]

"Shorts" are VERY risky (what if the stock went through the roof and you had to buy it back - at the elevated level - in order to then cover the loan?)! :tri:
Buy some "puts", instead.
PS. You won't have similar results five times in a row, Apollo ... I'll give you the early edge in the next Contest. Odds have it!

 

[Elefekt]

lets have the next contest the week after this coming one. Ill post for sign ups probably on wednesday.

 

[Jeff]

Originally posted by Elefekt
lets have the next contest the week after this coming one. Ill post for sign ups probably on wednesday.

From 1/26 - 1/30, Elefekt?
I think that's a good call, IMHO. :tu:
Thanks.

 

[Elefekt]

Yessir CH.. Hope we can fill all 10 slots should we up the stakes?

 

[Jeff]

Sure. :tu:

What kind of stakes did you have in mind, El?
We got some time for some promotions of the Contest, as well.

 

[armstrong]

"Shorts" are VERY risky (what if the stock went through the roof and you had to buy it back - at the elevated level - in order to then cover the loan?)!
Buy some "puts", instead.

I've always been long on equities, but I usually don't outperform my favorite mutual fund. I won't bet the entire the farm on shorts, and realize that I won't be successful 100% of the time, but it should be a nice addition to my strategy.

Only a minority of stocks have really active options trading, and for these I may opt for puts instead of shorts.

:tu:

 

[Jeff]

:bingo:

<<< Looking forward to the week of the 26th's Competition here!
:talk:

 

[Elefekt]

Not sure looking for input on the stakes...say 100np?

 

[Jeff]

Originally posted by Elefekt
Not sure looking for input on the stakes...say 100np?

100 NP$'s/entry it is!
Sounds good, El ... let's start taking reservations this week, and I'll ask you to mention it and provide the link to this thread tom'w afternoon at the "Live Chat", as well. :tu:
Thanks much.