Portfolio of the week - 2008

[jiesen]

Ummm...I'd be happy to score for POW when skiracer has had enough....I've done it anyway since I found this forum....I score more like Jiesen did with the ability to close positions....I'll attach the chart I made for this week's entries....I know I don't officially play here, but I do play along privately using recommendations posted here....

hags

hey there, hags! welcome to the POW. (I like the new name you're giving it- easier on the keys) I'm looking forward to your spin on the game, and we're all grateful for your stepping up to the plate to keep the picks comin' in to this fine board!

[New-born baby]

Welcome, Hags!

Welcome, Hags! Glad to have you aboard!

Let me see . . . I like CSX long to start.

[jiesen]

And I'll take LJPC long for this week.

[hags]

Hey All,

(I like the new name you're giving it- easier on the keys)

…oops…no need to change the name…It’s back to POTW….

Thanks for the warm welcome and commendation….I’ll try my best to make it interesting…
As ski mentioned, I am a newcomer here, and a pretty quiet one at that….I’m learning the ropes as I go and gaining some great insight from the members here…namely those involved in POTW….I always held an interest in buying and selling stocks, etc., but I really didn’t have the time for due diligence and feared for my uneducated outcome. Now that my kids are out of the nest, my interest is renewed, with time now to learn…

I’ll take a read thru the previous rules and post the rules for the new game….You may notice, from my posted results of last weeks game, that I would play a position with a stop gain and if that gain was realized via any days high I was rewarded that gain and allowed to select another position with another stop gain….I didn’t worry about a stop loss since it was only a game….I also set a minimum stop gain of at least 5%, considering that if I was actually to buy the stock I’d have to cover the brokerage fees involved, and knowing me, the fees wouldn’t be incidental due to a huge volume purchase….
I also imposed that the stop gain wasn’t adjustable, so if I started a position with a 10% stop gain, I had to play that position until the 10% was achieved before I could move on to a new position. This may make it more involved then previously, but it seems to keep me in touch with the market on a daily basis….which I like…..I’d like to try it with the POTW game and see how everyone likes it…. but if your set on making only one pick a week, then I would take your pick without any stop gain and let it ride all week as you all did last week….I’d like to go with the picks in by close of market on Monday and the game concluding at close of market on Friday…..

Any other recommendations are warmly welcome….I’d like to thank Mr. M and the members here for the great place to read, and someday contribute to, the unbiased opinions I’ve found here….

hags

[hags]

How do these rules sound?....

hags

[skiracer]

FEED - long please Hags. i would place a 7% stop on it if that is a rule and ok to do so along with there being another pick available if stopped out. if no 2nd pick then no stop for me. no stop gains for me please.
Hags, check out yahoo.com for their interactive charts. you can get realtime intraday charts and prices there for free.

[IIC]

Hags...Just to clarify...If I make a pick now I don't know the price...I assume if I do that I get the Monday open rather than the Monday close since I can't post the r/t price.

[hags]

FEED - long please Hags. i would place a 7% stop on it if that is a rule and ok to do so along with there being another pick available if stopped out. if no 2nd pick then no stop for me. no stop gains for me please.
Hags, check out yahoo.com for their interactive charts. you can get realtime intraday charts and prices there for free.

Stop loss is not in affect only stop gain....your allowed to take your profits and move onto another pick like I did last week with ZANE in the chart I posted....if you don't reach your stop gain, your stuck with your initial pick...
If you want to let your pick ride all week then just the pick and position is needed.

hags

[hags]

Hags...Just to clarify...If I make a pick now I don't know the price...I assume if I do that I get the Monday open rather than the Monday close since I can't post the r/t price.

Correct.....or you can submit your pick Monday to capitalize on a price as long as the price is mentioned and matching to your post time....Case in point using my ZANE pick from last week....Peanuts mentioned the stock before open on Monday last week and his initial mention of the stock was at @ .42 a share...using the prior rules, I had to start at the close price on Monday for ZANE, which was .54 a share, so I lost out on the open or intraday price for Monday...ZANE moved 5% alone on Monday's trading, but since the game started with the closing prices, I lost Monday's gains....

hags

[hags]

For example.....My pick for next week is:

CPRT Long w/ Stop Gain of 7%

So opening price on Monday is my buy price and if or when CPRT gains more then 7% of Monday's open I get the option to close CPRT, take my profit (gain) and make a new selection for position 2, or I can let CPRT ride till the end of the week....

hags

[IIC]

Correct.....or you can submit your pick Monday to capitalize on a price as long as the price is mentioned and matching to your post time....Case in point using my ZANE pick from last week....Peanuts mentioned the stock before open on Monday last week and his initial mention of the stock was at @ .42 a share...using the prior rules, I had to start at the close price on Monday for ZANE, which was .54 a share, so I lost out on the open or intraday price for Monday...ZANE moved 5% alone on Monday's trading, but since the game started with the closing prices, I lost Monday's gains....

hags

OK...I'll pick LL long at the Monday open...IIC

[tintin]

Potw

Hags -

BMTI
long for this week, please.

Tintin:

[Peter Hansen]

LDK Long

Hags LDK LONG Thank YOu

[Websman]

CAL - long

[Rob]

Rob’s Pick

Yo, Hags, put me in for SNP long. Thanks.