Rules for Pick of The Year (PoTY) 2022
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Louetta, I think your pick isn't so bad... it's just misunderstood. I picked some of that GBTC up at just under $9 now, and I think it can run right back up to $15 or $20 by the end of this year, easily. It's now at a 40% discount to the value of the bitcoin that it holds, simply due to the other shady characters running bitcoin scams!
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PotY Contest Standings As of Market Close, Nov 18, 2022
I apologize for not posting last week, but I’m back to make up for it and bring the latest in bad news. Since the middle of Oct, the Dow has made a pretty impressive run to the upside. The NASDAQ and the S&P? Not so much. The NASDAQ, in particular, continues to hurt and has only managed a modest sideways consolidation during the Dow’s run. Hence, tech stocks, for the most part, have continued to fair poorly. How has all this effected our standings? Not a whole lot. BillyJoe’s stalwart UTHR remains our leader and Mr. Market’s TLPPF continues to hold down second. Antioch’s Dad’s AAPL moved back into third place. Only UTHR is in the green and beating all three indices. It’s coming down to the finish, so if any of our laggards decide to make a big move, it better be soon. I won’t hold my breath.
PotY Contest Standings As of Market Close, Nov 18, 2022#ContestantStockL or SStartOpenCurrentPenaltyGain/LossRemembering 💔Riverbabe And Karel💔1BillyJoe UTHR Long 2/1/2022 $201.87 $ 264.62
31.08% 2Dow DIA Long 2/1/2022 $351.08 $ 337.37
-3.91% 3Mr. Market TLPPF Long 2/1/2022 $4.90 $ 4.60
-6.12% 4Antioch’s Dad AAPL Long 5/25/2022 $140.81 $ 151.29 20.00% -10.46% 5S&P SPY Long 2/1/2022 $449.91 $ 396.03
-11.98% 6Antioch GRBK Long 5/25/2022 $21.93 $ 22.97 20.00% -12.71% 7Jiesen QDEL Long 2/1/2022 $103.36 $ 88.40
-14.47% 8Massimo IPA Long 2/1/2022 $6.18 $ 5.22
-15.53% 9NASDAQ QQQ Long 2/1/2022 $363.05 $ 284.82
-21.55% 10Minni17 OGN Long 2/1/2022 $31.91 $ 24.40
-23.53% 11Blind Squirrel HZO Long 2/1/2022 $47.06 $ 34.62
-26.43% 12BlueWolf DOCN Long 2/1/2022 $57.34 $ 28.27
-50.70% 13JohnHenry RBLX Long 2/1/2022 $65.86 $ 31.72
-51.84% 14Louetta GBTC Long 2/1/2022 $26.24 $ 8.35
-68.18% 15Tiedyed1 AUPH Long 2/1/2022 $16.66 $ 4.76
-71.43% 16Vixtt’s SFT Long 2/1/2022 $2.29 $ 0.35
-84.66% 17Peanuts OZON* Long 2/1/2022 $20.67 $ 0.00
-100.00% * - Delisted because of Russia sanctions
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I wonder if any stock has traded for a negative value on an exchange, the way barrels of crude oil have.
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PotY Contest Standings As of Market Close, Nov 4, 2022
Well, the big story this week is the blistering move by BillyJoe’s UTHR. As Frank Zappa would say, “Great Googely Moogely!” UTHR, our long term leader, and only consistently green pick now has a comfortable lead that will be hard to overtake. Congrats BillyJoe on a most excellent pick. In second, is Mr. Market’s TLPPF followed by Jiesen’s QDEL. I think at this point, especially with the holidays approaching, it’s just going to be a jostle for second and third, but we shall see. Stay tuned fellow pickers, and just remember that you gotta start young if you’re gonna stick it out.
PotY Contest Standings As of Market Close, Nov 4, 2022#ContestantStockL or SStartOpenCurrentPenaltyGain/LossRemembering 💔Riverbabe And Karel💔1BillyJoe UTHR Long 2/1/2022 $201.87 $ 264.69
31.12% 2Mr. Market TLPPF Long 2/1/2022 $4.90 $ 4.58
-6.46% 3Dow DIA Long 2/1/2022 $351.08 $ 324.14
-7.67% 4Jiesen QDEL Long 2/1/2022 $103.36 $ 90.81
-12.14% 5S&P SPY Long 2/1/2022 $449.91 $ 376.35
-16.35% 6Antioch’s Dad AAPL Long 5/25/2022 $140.81 $ 138.38 20.00% -18.10% 7Massimo IPA Long 2/1/2022 $6.18 $ 4.98
-19.42% 8Antioch GRBK Long 5/25/2022 $21.93 $ 20.58 20.00% -21.80% 9Minni17 OGN Long 2/1/2022 $31.91 $ 24.35
-23.69% 10NASDAQ QQQ Long 2/1/2022 $363.05 $ 264.68
-27.10% 11Blind Squirrel HZO Long 2/1/2022 $47.06 $ 32.20
-31.58% 12JohnHenry RBLX Long 2/1/2022 $65.86 $ 40.58
-38.38% 13BlueWolf DOCN Long 2/1/2022 $57.34 $ 30.52
-46.77% 14Louetta GBTC Long 2/1/2022 $26.24 $ 12.25
-53.30% 15Tiedyed1 AUPH Long 2/1/2022 $16.66 $ 5.15
-69.09% 16Vixtt’s SFT Long 2/1/2022 $2.29 $ 0.46
-79.88% 17Peanuts OZON* Long 2/1/2022 $20.67 $ 0.00
-100.00% * - Delisted because of Russia sanctions
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Looks like you're running away with the victory, Billyjoe! Still, anything can happen in two months...
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PotY Contest Standings As of Market Close, Oct 21, 2022
Whoops, I think I missed last week’s update and didn’t even realize it. Sorry about that. Please forgive me, but at my age I’m lucky if I can remember where I live. Hmmm … I’m not even sure I am typing this in my home. Maybe that’s why the weird stranger next to me on the sofa is staring so intently. OK, back to the PotY contest. Over the last two weeks there, there was a little upward movement in the Dow, but the NASDAQ and S&P stayed in a sideways consolidation after a big dip. The result was a shakeup at the top of the PotY standing. BillyJoe’s UTHR remains our leader and the only pick in the green. In second place is Massimo’s IPA, which had a very strong performance last week. In third is Mr. Market’s TLPPF, which has been on a wild ride and whose chart looks like a sine wave. Congrats to our new leaders.
As for where we go from here, all three indices seems to be breaking out of their regression channels on the daily charts, but on the weekly charts the indices still look bearish. Personally, I am still skeptical about a sustained market move up because of the current economic situation. For example, while I was paying for my $7 per gallon gas and munching out of a $6 bad of Cheetos, I heard someone on radio saying that the annual deficit is going to be in excess of $1.4 trillion this year. That means the fed will be printing more money and lots of bonds will need to be sold. With interest rates rising, the cost of servicing those bonds is going to be a major drain on the federal budget in the future. This will further increase future deficits and on and on it goes. So excuse me for being skeptical, but I don’t think the bear is ready to go into hibernation just yet. We’ll see.
PotY Contest Standings As of Market Close, Oct 21, 2022#ContestantStockL or SStartOpenCurrentPenaltyGain/LossRemembering 💔Riverbabe And Karel💔1BillyJoe UTHR Long 2/1/2022 $201.87 $ 219.30
8.63% 2Massimo IPA Long 2/1/2022 $6.18 $ 5.63
-8.90% 3Dow DIA Long 2/1/2022 $351.08 $ 310.88
-11.45% 4Mr. Market TLPPF Long 2/1/2022 $4.90 $ 4.30
-12.24% 5Antioch’s Dad AAPL Long 5/25/2022 $140.81 $ 147.27 20.00% -12.84% 6S&P SPY Long 2/1/2022 $449.91 $ 374.29
-16.81% 7Antioch GRBK Long 5/25/2022 $21.93 $ 20.36 20.00% -22.63% 8Jiesen QDEL Long 2/1/2022 $103.36 $ 78.75
-23.81% 9NASDAQ QQQ Long 2/1/2022 $363.05 $ 275.42
-24.14% 10Minni17 OGN Long 2/1/2022 $31.91 $ 23.68
-25.79% 11JohnHenry RBLX Long 2/1/2022 $65.86 $ 42.81
-35.00% 12BlueWolf DOCN Long 2/1/2022 $57.34 $ 36.48
-36.38% 13Blind Squirrel HZO Long 2/1/2022 $47.06 $ 28.13
-40.23% 14Louetta GBTC Long 2/1/2022 $26.24 $ 11.42
-56.48% 15Tiedyed1 AUPH Long 2/1/2022 $16.66 $ 7.10
-57.38% 16Vixtt’s SFT Long 2/1/2022 $2.29 $ 0.49
-78.82% 17Peanuts OZON* Long 2/1/2022 $20.67 $ 0.00
-100.00% * - Delisted because of Russia sanctions
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