Portfolio of the Week

[Websman]

Webs,
Congratulations on your win if it turns out that way but in all honesty I hate this situation where anyone can sit safely in cash for a couple of days without taking any risk and then claim a win. Nothing personal but it doesn't prove anything to me but those are the rules an that's how we are playing it. Call it a win but I don't like the rule or how it allows anyone to play it.

It's a cold cruel world. Life is not fair, but I must win at all costs. I can drink apple brandy and spit fire. I can piss a mile. I am a Vulcan. lol

I may let someone else win next week...maybe.

[skiracer]

It's a cold cruel world. Life is not fair, but I must win at all costs. I can drink apple brandy and spit fire. I can piss a mile. I am a Vulcan. lol

I may let someone else win next week...maybe.

Webs,
Let it be me please, please, please, please, please. I'll give you half of my ELN trade today. I see why the woman love you. The ability to piss a mile can only conjure of other fantasys. You are a truly Vulcanized.

[Shadow]

I can piss a mile. I am a Vulcan. lol
I may let someone else win next week...maybe.

I had a pkg delivered this week packed on dry ice. I asked
my son to take it out into the woods to "melt". He said he
prefered to piss on it! Can you melt dry ice?

Will you let me win?
Shadow

[Websman]

Webs,
Let it be me please, please, please, please, please. I'll give you half of my ELN trade today. I see why the woman love you. The ability to piss a mile can only conjure of other fantasys. You are a truly Vulcanized.

I might be huge in the POTW contest, but you are the one who made a quick grand on ELN today....with real money....while I lost a grand.

[IIC]

I must say that I don't like the rule re: a new position going into Monday gets the Monday open price. The guy who guesses right but the stock gaps up first thing on Monday gets penalized. (I also could have bought near the previous close in pre-market trading.) Other contests I have played give me the Friday close instead. What do we think?

"We" think that's a bad idea.

Here's why...I happen to read tons of news over the weekend. Some of that news is gonna cause a stock to gap one way or the other...But even if it trades pre-m...it doesn't mean I can get it at about the same price pre-m on Monday that it closed on Friday.

Ever take a look at the "Morning Movers" list I post on my thread almost every market morning? 95%+ of those are gonna gap. I could simply pick the one that moves the most pre-m on Monday and then bail in the contest about 10 mins after the market opens...Not very realistic IMO.

I regularly participate in other contests every week...One does it like you say except that if there is news after the close on friday...but before the market opens on monday AND it gaps more than 5% then you get the gap price...That really doesn't make a whole lot of sense to me...but I was out voted.

Now, lets take my current holding in this contest...LIFC. Last night I was in 3rd place because I bailed on DXPE and switched to LIFC at the bottom (Or close to it)...In another contest I am in where you get the Monday open but can't change all week...Last night I was in last place.

Personally, I think Lye's contest is the most realistic of all the one's I'm in...But, since there is no monetary prize I must admit that I do my own real trades first before I come over here and change my contest pick.

To make it really realistic I say we each take 10 grand and really trade it...But I would like to see the winner get a 10 grand prize...Heck, we get 50 participants to put up 200 bux each...Trade the 10 grand however you want...Winner Take All every week...What do "We" think???...Doug(IIC)

[billyjoe]

While we're on the subject, sculptors commonly piss on bronze to give it patina. There were stories a few years ago that bells were cast in China , pissed on and buried for 30 days then shipped to the U.S. and sold as antique school bells. I believe the story.

billyjoe

[ParkTwain]

If I can show that a trade in fact occurred during pre-market on Monday at a price lower than the opening price on Monday, can I get the lower pre-open price?

Sometimes there is news about a stock that I picked that happens after pre-market opens but before the exchanges open. I want to be able to get credit for early knowledge without being penalized by a gap up. Of course, my pick of BRY this week is an example.

This link (Nasdaq'a own ECN) shows pre-market trades in a given stock:

http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?symbol=OXPS&selected=OXPS&mode=frameset&page=afterhours

Bus Week also has a link that shows something similar (I think it may use a different ECN).

[ParkTwain]

I feel safe in my victory, unless Runner makes another pick. Of course, Gary is in RWC, and it looks poised to take off.

Your wussie quotient just went up appreciably. A Vulcan wussie, what a combination. Disgraceful!

Lye, this contest tends to reward a one-trade-per-week scalper. That's not the original purpose, and that's not a very realistic combination of skills to be exercising on our board. If the contest is constructed to reward scalping skills, let's allow any number of trades per week.

[ParkTwain]

":But even if it trades pre-m...it doesn't mean I can get it at about the same price pre-m on Monday that it closed on Friday."

If someone IN FACT got it at a lower pre-open price, then it could've been me. That's also pretty realistic. 'Nuff said, says I.

[Lyehopper]

I suggest you buy something...'Cause I've got the DT of the year that I'm gonna play tomorrow...Doug(IIC)

Wait a minute...I've already played 2 stocks...But I don't see anything in the rules that prohibits a third, fourth etc...pick.

Hey Judge...I need a ruling!!!

The rules only mention a first and second pick.... Therefore two picks is indeed the limit per week.

[Lyehopper]

Webs,
Congratulations on your win if it turns out that way but in all honesty I hate this situation where anyone can sit safely in cash for a couple of days without taking any risk and then claim a win. Nothing personal but it doesn't prove anything to me but those are the rules an that's how we are playing it. Call it a win but I don't like the rule or how it allows anyone to play it.

The rules are fair because they apply equally to everyone. You have the same chance to nail down a gain and move to cash just like the next guy.... It's a good rule. Allows a player to build a strategy. What's wrong with that?

[Lyehopper]

"We" think that's a bad idea.

Here's why...I happen to read tons of news over the weekend. Some of that news is gonna cause a stock to gap one way or the other...But even if it trades pre-m...it doesn't mean I can get it at about the same price pre-m on Monday that it closed on Friday.

Ever take a look at the "Morning Movers" list I post on my thread almost every market morning? 95%+ of those are gonna gap. I could simply pick the one that moves the most pre-m on Monday and then bail in the contest about 10 mins after the market opens...Not very realistic IMO.

I regularly participate in other contests every week...One does it like you say except that if there is news after the close on friday...but before the market opens on monday AND it gaps more than 5% then you get the gap price...That really doesn't make a whole lot of sense to me...but I was out voted.

Now, lets take my current holding in this contest...LIFC. Last night I was in 3rd place because I bailed on DXPE and switched to LIFC at the bottom (Or close to it)...In another contest I am in where you get the Monday open but can't change all week...Last night I was in last place.

Personally, I think Lye's contest is the most realistic of all the one's I'm in...But, since there is no monetary prize I must admit that I do my own real trades first before I come over here and change my contest pick.

To make it really realistic I say we each take 10 grand and really trade it...But I would like to see the winner get a 10 grand prize...Heck, we get 50 participants to put up 200 bux each...Trade the 10 grand however you want...Winner Take All every week...What do "We" think???...Doug(IIC)

Now you're talkin Doug!!!! I like "ACTION".... I'm in DUDE!!!!

[ParkTwain]

I agree with ski. See my previous (edited) post #3308 in this thread.

[Lyehopper]

Your wussie quotient just went up appreciably. A Vulcan wussie, what a combination. Disgraceful!

Lye, this contest tends to reward a one-trade-per-week scalper. That's not the original purpose, and that's not a very realistic combination of skills to be exercising on our board. If the contest is constructed to reward scalping skills, let's allow any number of trades per week.

a 10% gain is a 10% gain no matter how long or short the duration of the trade was.... DUDE!!!!.... Quit cryin....

[ParkTwain]

You see my point though, right? What we have here is a one-trade-per-week scalping contest. (I was going to say "what we have here is a dead shark." Who can tell me which movie I am quoting? Should be an easy one, and it's not the Liz Phair song.)