| Which stock do you think is going to be the best pick? |
| IFO |
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12% |
[ 2 ] |
| NVTL |
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6% |
[ 1 ] |
| CX |
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0% |
[ 0 ] |
| VPHM |
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0% |
[ 0 ] |
| AAPL |
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18% |
[ 3 ] |
| HDI |
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6% |
[ 1 ] |
| YHOO |
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12% |
[ 2 ] |
| CMO |
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6% |
[ 1 ] |
| ELI |
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0% |
[ 0 ] |
| IIJI |
|
31% |
[ 5 ] |
| XMSR |
|
6% |
[ 1 ] |
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| Total Votes : 16 |
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| Author |
Message
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| vetelmo |
 Posted: Sat Mar 25, 2006 11:48 am Post subject: April's Monthly Stock Pick Challenge |
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Moderator
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Ok so here is the first month of the Monthly Challenges.
The rules are simple.
You pick a stock and start with the closing price on the last day of the month. Best percentage wins.
If you wish to change your stock pick, do not edit your reply. Please make a new reply (and send me a PM with your new pick) or your pick will be disqualified.
Stock must be over 5.00 and there is not a maximum price limit.
If the stock you pick falls below the 5.00 mark by the first trading day, you will automatically be in the red until it reaches 5.00 again.
There is no volume restriction.
The winners are announced at the end of the month.
Oh yeah the winner's prize!!
1st Place - 25,000 e$ 
2nd Place - 10,000 e$
3rd Place - 5,000 e$
This contest will begin on April 3rd which is the first trading day for the month of April. You will have until midnight the day before trading starts to enter your pick.
Good Luck!!!
Last edited by vetelmo on Fri Apr 07, 2006 7:08 am; edited 7 times in total |
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| jdunn72 |
| Posted: Sat Mar 25, 2006 12:49 pm Post subject: |
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Member of The Month
March
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Well, as of right now I think I'll take ......dohhhh......
uhhh I'll tell ya later... |
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| nelaina |
| Posted: Sat Mar 25, 2006 1:23 pm Post subject: |
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CFO
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nice! thanks for getting this started vetelmo! ill be back later with my pick  |
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| Grimreaper |
| Posted: Sun Mar 26, 2006 4:49 am Post subject: Re: Monthly Stock Pick Challenge - April |
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CFO
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| vetelmo wrote: | Ok so here is the first month of the Monthly Challenges.
The rules are simple.
You pick a stock and start with it's open price. Best percentage wins. If you change your mind, do not edit your reply. Please make a new reply or your pick will be disqualified.
Stock must be over 5.00 and there is not a maximum price limit.
There is no volume restriction.
The winners are announced at the end of the month.
Oh yeah the winner's prize!!
1st Place - 25,000 e$
2nd Place - 10,000 e$
3rd Place - 5,000 e$
This contest will begin on April 3rd which is the first trading day for the month of April. You will have until midnight the day before trading starts to enter your pick.
Good Luck!! |
What if your stock closes out March at say 5.03 and then the opening price is a gapdown to say 4.75? Does that still qualify and you get the opening price even though it's below $5? I think the rule should be similar to the one at da weekly challenge, your stock needs to close above $5 to qualify but you can set a price limit below $5 to get in. In fact, I think we should be allowed to set a limit buy price from the getgo. Just my opinion of course. |
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| vetelmo |
| Posted: Sun Mar 26, 2006 7:02 am Post subject: |
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Moderator
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If the stock does not open above 5.00 it will not meet the qualification. 
I will edit my post. |
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| Grimreaper |
| Posted: Sun Mar 26, 2006 10:51 am Post subject: |
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CFO
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| vetelmo wrote: | If the stock does not open above 5.00 it will not meet the qualification.
I will edit my post. |
I don't think you put enough thought into what you are trying to do here with this monthly thang. Basically what you are saying is to just avoid anything trading close to $5 because if you are unlucky enough to pick something that opens at say 4.99 you are out! I'm sure I will pick a stock that is trading close to $5 anyway since most others will avoid the possibility of getting shut out by a break below $5. I personally don't care so that's why I'll choose to live on the edge so to speak. |
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| vetelmo |
| Posted: Sun Mar 26, 2006 12:36 pm Post subject: |
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Moderator
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Well it seemed to me that alot of replies liked the current settings in this thread. I didnt have to think it thru, I posted the general idea and others gave their input.
http://www.einvesting.com/viewtopic.php?t=2535
So I went with it. For the first month we will run it like this and see how it goes. 
The idea is to keep it simple so that people new to the stock market will feel comfortable joining the competition. |
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| jdunn72 |
| Posted: Sun Mar 26, 2006 1:01 pm Post subject: |
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Member of The Month
March
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| Grimreaper wrote: | | vetelmo wrote: | If the stock does not open above 5.00 it will not meet the qualification.
I will edit my post. |
I don't think you put enough thought into what you are trying to do here with this monthly thang. Basically what you are saying is to just avoid anything trading close to $5 because if you are unlucky enough to pick something that opens at say 4.99 you are out! I'm sure I will pick a stock that is trading close to $5 anyway since most others will avoid the possibility of getting shut out by a break below $5. I personally don't care so that's why I'll choose to live on the edge so to speak. |
Well, I see both of your points and I believe there is a solution, that maintains simplicity. Lets say for instance that the opening price on the first day of the official competition doesn't matter, the only thing that matters should be the closing price of the day before the competition. As long as the closing price on the last trading day before the competition begins is $5 or higher not counting after hour trades, then it is qualified and their called price of $5 sticks and they will have to go above $5 to see positive returns even if on the opening day it gaps and opens at $3.50, then it will have to see a $1.50 gain before it goes positive. Even if an enterprising individual uses the after hours market trading to their advantage who cares, this thing is a whole month long and the little gain they can make off such a manuever will not even matter in the context of the overall competition.
So, your starting price will be the official closing price (not after hours prices) of the last trading day of the month before the competition month begins, and that will alleviate all of this BS.  I think this would be an acceptable ammendment to all as it really changes very little and closes the potential wound that grim exposed.
Last edited by jdunn72 on Sun Mar 26, 2006 1:08 pm; edited 2 times in total |
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| jdunn72 |
| Posted: Sun Mar 26, 2006 1:06 pm Post subject: |
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Member of The Month
March
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| jdunn72 wrote: | | Grimreaper wrote: | | vetelmo wrote: | If the stock does not open above 5.00 it will not meet the qualification.
I will edit my post. |
I don't think you put enough thought into what you are trying to do here with this monthly thang. Basically what you are saying is to just avoid anything trading close to $5 because if you are unlucky enough to pick something that opens at say 4.99 you are out! I'm sure I will pick a stock that is trading close to $5 anyway since most others will avoid the possibility of getting shut out by a break below $5. I personally don't care so that's why I'll choose to live on the edge so to speak. |
Well, I see both of your points and I believe there is a solution, that maintains simplicity. Lets say for instance that the opening price on the first day of the official competition doesn't matter, the only thing that matters should be the closing price of the day before the competition. As long as the closing price on the last trading day before the competition begins is $5 or higher not counting after hour trades, then it is qualified and their called price of $5 sticks and they will have to go above $5 to see positive returns even if on the opening day it gaps and opens at $3.50, then it will have to see a $1.50 gain before it goes positive. Even if an enterprising individual uses the after hours market trading to their advantage who cares, this thing is a whole month long and the little gain they can make off such a manuever will not even matter in the context of the overall competition.
So, your starting price will be the official closing price (not after hours prices) of the last trading day of the month before the competition month begins, and that will alleviate all of this BS. |
And it will keep newbs from getting shut out from qualifying problems, man they will  and gripe and never give you peace until you let them make a new pick or something.  |
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| frusnak |
| Posted: Sun Mar 26, 2006 1:09 pm Post subject: |
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CFO
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Sound like a weinner to me.  |
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| vetelmo |
| Posted: Sun Mar 26, 2006 1:49 pm Post subject: |
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Moderator
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| I think that would be a good idea. |
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| jdunn72 |
| Posted: Sun Mar 26, 2006 9:08 pm Post subject: |
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Member of The Month
March
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Ok, then I'll take:
IFO
For whatever it closes at on the last trading day of this month. Good luck everyone. |
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| vetelmo |
| Posted: Mon Mar 27, 2006 9:13 am Post subject: |
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Moderator
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I will take NVTL
Novatel Wireless, Inc. is a provider of wireless broadband access solutions for the mobile communications market. The Company's products include third-generation (3G) wireless personal computer (PC) card modems, embedded modems, ruggedized modems and communications software to wireless network operators and distributors, original equipment manufacturers and vertical markets. |
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| nelaina |
| Posted: Mon Mar 27, 2006 10:03 am Post subject: |
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CFO
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Im going to run CX, lets hope he doesn't let me down
good luck all! |
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| geb9696 |
| Posted: Mon Mar 27, 2006 11:35 am Post subject: |
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Investing VP
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stock market game on the web. At eInvesting you compete for monthly cash prizes while you interact, make virtual dollars, purchase items, and trade in the realistic stock market simulator. We make investing FUN!
