Post by cosmic on Dec 1, 2010 13:21:09 GMT -5
Contest Name: The Road To Opex IV
Begins: Friday, December 3, 2010 at 8:00:00am EDT
Ends: Friday, December 17, 2010 at 4:00:00pm EDT
Who can enter: Open to all members
Prize: 1st Place: A Precious Metal
2nd Place: A Precious Metal
3rd Place: A Precious Metal
4th Place: Fastopia item from Urban Dictionary
5th Place: Fastopia item from Urban Dictionary
Begins: Friday, December 3, 2010 at 8:00:00am EDT
Ends: Friday, December 17, 2010 at 4:00:00pm EDT
Who can enter: Open to all members
Prize: 1st Place: A Precious Metal
2nd Place: A Precious Metal
3rd Place: A Precious Metal
4th Place: Fastopia item from Urban Dictionary
5th Place: Fastopia item from Urban Dictionary
In this contest, you win by executing the best 2-week Swing Trade. How often have we been a victim of "If I Had Just Held It Longer?" 1st Place is awarded to the contestant with the highest portfolio value, 2nd Place is awarded to the contestant with the 2nd highest portfolio value, and so on, as of 4:00pm September 17, 2010.
Here's how it works
After doing your Due Diligence, you place a single trade on Friday, December 3, that you will hold until Opex close. (Have more than 1 choice ready, see below.) You are provided $50,000 bernankebucks (1 bernankebuck = 1 USD) to start, and you should purchase as many shares as you can for that amount. You must place your trade by 4:00pm on December 3rd. More below in the section How to place your trade.
Once your trade is executed, that's it! It's a veritable Ron Popiel dream environment... set it, and forget it. You cannot change or modify your trade, and you can only have 1 trade in the contest. On December 17th your portfolio will be revalued based on the official close price published by Google on December 17th.
How to place your trade
You will execute your trade by making a post in this thread at some point on Friday December 3rd. You will enter your trade in a format similar to:
When FAS is showing 23.00 on the Ask,
Bought 2173 shares of FAS at 23, total 49,979. Bernankebucks 21.00
or in Shorthand:
Cosmic@FAS@23.00
You may only trade stocks or ETF's. No options, no shorts. A short ETF is allowed.
IF someone else has already placed a trade for the same symbol, you MUST choose another stock or ETF. A duplicate entry will be invalid, and the original entry will be the official entry.
The price you purchase at must be consistent with the time your post is published. Discrepancies will invalidate your entry.
No illiquid, gray-market, or Bid/Ask impaired stocks where a Bid/Ask is not easily determined (example: SPNG.)
All trades will use 2 decimal positions (no partial penny bids or asks)
Once you have placed your trade, you may not change it. The forum notes modifications to posts so DO NOT go back and modify your contest entry at any time. If the post is modified it is considered invalid and you will not be able to re-enter. This is critical – there can be no exceptions, so conduct your Due Diligence carefully and enter your trade with confidence.
The final winner will be announced on the evening of December 17th.
Miscellaneous
Comments regarding the contest can be posted in the forum.
The contest thread will be locked until Friday December 3rd at 8:00am.
The thread will be cleaned of any posts not making an entry into the contest.
The thread will be locked on the evening of Friday December 3rd as all entries should be completed by 4pm.
Good Luck All Contestants!