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| Benjamin |
 Posted: Thu Dec 15, 2005 2:41 pm Post subject: The Million e$ Long Term Stock Pick Contest |
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Administrator
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Come one come all to the Biggest e$ prize contest on the site!!!
We are not all day traders here, nor is this site intended to only be for day traders. Conservative investors be heard!
The Deal:
Pick a stock that you believe will go up in value over 1 year. The one with the biggest % gain will win 1,000,000 e$!!!
-The stocks current value must be at least $20.
-Your pick must be in by January 1st, 2006.
You can join in later than the first but you'll play against everyone else that joins late for a 500,000 e$ prize. The latest you can join is 6/1/06. The late crew contest will end the same as the early crew: 12/31/06.
Dust off your crystal ball, think about the future and get your pick in!
Last edited by Benjamin on Wed Apr 12, 2006 6:05 am; edited 1 time in total |
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| frusnak |
| Posted: Thu Dec 15, 2005 2:47 pm Post subject: |
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CFO
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 ....Do we PM you with our pick or just post it here  |
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| Benjamin |
| Posted: Thu Dec 15, 2005 2:54 pm Post subject: |
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Administrator
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Ah, good question. 
You should PM them.
I'll post them all on the 2nd. |
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| Benjamin |
| Posted: Thu Dec 22, 2005 10:04 am Post subject: |
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| Don't forget to get your picks in! |
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| Im Not Warren Buffett |
| Posted: Fri Dec 23, 2005 2:20 pm Post subject: |
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CFO
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How about instead of a minimum stock price (here you say $20) why not make it a minimum market cap? That would have the same purpose of disallowing penny stocks, while opening up more companies to pick from. As always, I contend that share price is an irrelevant measure for valuing a company by itself. You need to look at in the context of what you are buying and what you will get.
Minimum market cap somewhere in the $100-250 million range? How about it? |
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| nelaina |
| Posted: Fri Dec 23, 2005 2:23 pm Post subject: |
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CFO
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| i kinda was thinking the same thing as warren...there were quite a few pick i had but their share price was in the $12-$18 range so i had to eliminate them. |
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| frusnak |
| Posted: Fri Dec 23, 2005 3:00 pm Post subject: |
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CFO
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 Sound good to me also |
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| Benjamin |
| Posted: Tue Dec 27, 2005 6:22 am Post subject: |
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Administrator
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So far we have only 6 players in the year long competition (Listed below). Not bad odds for a Cool Mil! I know some of you are waiting till the last minute to have the best chance. 
stockmarkettips
mrbradg
Prince-Charming
rykarde
nelaina
geb9696
As far as changing the way we do this I think we should keep it as is since people are in already. Also, making a minimum market cap works, but for those beginner investors going with the stock value will be easier for them to figure out (and hopefully will get more involved).
I'm separating the Grimreaper Casino to another thread. Look for it in the e$ Incentives section. |
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| Im Not Warren Buffett |
| Posted: Tue Dec 27, 2005 6:30 am Post subject: |
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CFO
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| I'll throw a pick in when I get back on New Years Eve, once the contest starts are you going to reveal who has what? |
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| Benjamin |
| Posted: Tue Dec 27, 2005 6:32 am Post subject: |
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Administrator
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| Yes, I have it in an excel doc and I'll paste it over so everyone can see it. So far we do not have any duplicate stock picks. |
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| Dave Rathbun |
| Posted: Tue Dec 27, 2005 6:46 am Post subject: |
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CFO
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| Can we short something instead? |
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| Dave Rathbun |
| Posted: Tue Dec 27, 2005 6:51 am Post subject: |
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CFO
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| Dave Rathbun wrote: | | Can we short something instead? |
Never mind, just sent in my pick. |
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| Benjamin |
| Posted: Tue Dec 27, 2005 6:51 am Post subject: |
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Lets start a separate contest for shorting. This contest will be the rosey picture.
We can do a month long short or whatever you'd like. I never play the "Don't Pass Line" in craps so I'm really not that familiar with it.
If you want you can start a contest and set the parameters and I'll back it with e$. I think a lot of us would do well with a shorting education. |
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| Dave Rathbun |
| Posted: Tue Dec 27, 2005 6:54 am Post subject: |
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CFO
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I posted a "never mind" post just before yours.
The thing about shorting is (and I realized after I made my post) you don't typically short for a long term period. You short based on market conditions and immediate trends. And the best you can possibly hope for with a short is a 100% gain. With a long buy you can get well over 100%, assuming you back the right horse.
Short at $20, go to $0, you make 100%. Long at $20, go to $60, make 200%.
And as I already said, shorting is not for long term holdings, really. So I withdrew my suggestion and made my pick. |
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| mrbradg |
| Posted: Tue Dec 27, 2005 7:08 am Post subject: |
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Investing Sr. Associate
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| Ya can you post them so we can view the picks so far? |
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