Win a Maserti if you can trade contest

nitro

nitro

"We'll spot you a cool million in Squawk Bucks to invest over 8 weeks beginning April 4th. You buy, sell or hold the stocks of your choice. You can even add bonus dollars to your portfolio by watching CNBC Squawk Box every morning between 8:30 and 9am ET, and correctly answering our daily Bonus Bucks question.

On May 26th, game over. Richest player wins–and drives off in a very
sweet 400HP, limited production 2006 Maserati GranSport. We'll
even pay the taxes (see rules for details).

Top 25 also-rans get cool tech toys just because we're
nice. So...you in?"

http://www.sbfantasyportfolio.com/index.asp#Home.asp

nitro
 
7. * Trading * - Each Participant begins the Contest with One Million Dollars ($1,000,000) of "Squawk Bucks" to create and manage a fictional portfolio of NYSE, NASDAQ and/or AMEX-traded stocks. To be eligible for trading in the Contest, stocks must have a market capitalization of $500 million as of the close of the markets on March 31, 2006. ... Limit orders, open orders, short selling, margin buying, and the trading of derivatives, options, bonds, mutual funds, exchange traded funds or other securities is not permitted.

Each Participant can make a maximum of twenty-five (25) trades per Week

No commissions will be charged for trades

8. * Pricing of Trades * - Trades submitted on trading days (Monday through Friday, other than market holidays) prior to 3:59:59 p.m. will be priced at the stock's closing price for such day, as such closing price as is reported to the Site by RediNews, an independent data provider, at approximately 10:00 p.m. Trades submitted on weekends, market holidays and after 3:59:59 p.m. on trading days will be priced at the stock's closing price for the next trading day.
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So it's long only, entry/exit price pegged at daily close, cash account, with a max 25 trades per week. More of a bored housewives game than a traders game. Not to mention it may be difficult to find nice long plays April 4 forward.
 
Exactly. The caption SAYS "buy, sell, or hold"....but then the rules indicate no "short selling".
This is bogus.
I think Ben Bernacke is sponsoring this contest to help keep the market from getting skittish with the next round of rate increases.
 
Quote from mschey:

My maserati does 185......can't wait for my first drive. :D
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cool. they are an incredible car that got a bad rap due to quality issues in the 80's. these problems have been totally solved, the cars are reliable and wicked quick. i have driven several of the new models--- unbelievable performance with that heavenly sounding itailian engine.....

surfer:D
 
Quote from nitro:

... Richest player wins–and drives off in a very sweet 400HP, limited production 2006 Maserati GranSport...."
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Bush league! Gimme an Audi Diesel any time.
 
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