Squawk Box Fantasy Portfolio Challenge
- Thread starter SammySOESa
- Start date
One might want to read the rules carefully.
From memory: 25 trades per week limit. All orders are MOC. Mid/large-cap stocks only. Basically, a short-term investing contest. No outsized gains from badly marked-up/pumped-up penny stocks, call options, etc. I'd be surprised if the winner were more than 100% gain. If there's little M&A activity during the period, even less. 25 runners-up get 60Gb video iPods.
Do you think, because the grand prize is of significant value, insider trading would be prosecutable?
From memory: 25 trades per week limit. All orders are MOC. Mid/large-cap stocks only. Basically, a short-term investing contest. No outsized gains from badly marked-up/pumped-up penny stocks, call options, etc. I'd be surprised if the winner were more than 100% gain. If there's little M&A activity during the period, even less. 25 runners-up get 60Gb video iPods.
Do you think, because the grand prize is of significant value, insider trading would be prosecutable?
A rule that would be easy to implement to avoid the lucky dart problem would be that no more than x% of the portfolio can be invested in one stock. At that point, it would be more difficult for the meek to win with his strike of luck.
my buy is showing up the next day. the only problem is i bought when the stock was 4.50 and they credited me for 4.75 the close price. what a lame contest.
Sir, I find that obscene. She is a lady and wouldn't do that. Now Bob Pisani on the other hand...
My thought on this contest is just buy the absolute worst Performing ( Like the -30%)stocks every day since you get in at the close and hope for some bounce back the next day and implement his strategy everyday....
Wouldn't that be funny if this strategy produced the winner and you got to tell your strategy to the world on CNBC....HAHA
That would make all the technical gurus go nuts if this strategy outperformed everyone else.....You may want to diversify this strategy and buy the worst 3 stocks of the day......You gotta figure the ones that drop 30% in a day is an over reaction....
$COSTAverageMAN
Let me know how it works out if you got the guts.....Hey just create a second account in the wife's name...I may just do that
Wouldn't that be funny if this strategy produced the winner and you got to tell your strategy to the world on CNBC....HAHA
That would make all the technical gurus go nuts if this strategy outperformed everyone else.....You may want to diversify this strategy and buy the worst 3 stocks of the day......You gotta figure the ones that drop 30% in a day is an over reaction....
$COSTAverageMAN
Let me know how it works out if you got the guts.....Hey just create a second account in the wife's name...I may just do that
Did anyone catch answer to the trivia question for today (Wednesday)?
Many thanks
Many thanks