Post by cosmic on Jan 2, 2012 14:23:18 GMT -5
Contest Name: The DOOOOOMSDAY HOLD!
> > > CLICK FOR OFFICIAL CONTEST SPREADSHEET < < <
Begins: Wednesday, January 4, 2012 at 9:30:00am EST
Ends: Friday, December 21, 2012 at 4:00:00pm EST
Who can enter: Open to all members
1st Prize: Fastopiaware!
> > > CLICK FOR OFFICIAL CONTEST SPREADSHEET < < <
Begins: Wednesday, January 4, 2012 at 9:30:00am EST
Ends: Friday, December 21, 2012 at 4:00:00pm EST
Who can enter: Open to all members
1st Prize: Fastopiaware!
In this contest, you win by executing the best 12 month (almost!) Swing Trade. How often have we been a victim of "If I Had Just Held It Through Armageddon?" Here's your chance to *really really see. 1st Place is awarded to the contestant with the highest portfolio value as of 4:00pm Friday December 21, 2012. ** Fastopia has no liability during End Times
Here's how it works
After doing your Due Diligence, you place a single trade on Wednesday, January 4, that you will hold until market close on 12/21/2012, otherwise known as Dooooomsday. (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 January 4th. 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 21st your portfolio will be revalued based on the official close price published by Google.
How to place your trade
You will execute your trade by making a post in this thread at some point on Wednesday January 4th. 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 before 4pm. A duplicate entry will be invalid, and the original entry will be the official entry. If you place your trade close to 4pm and it's a duplicate you may not have a chance to choose a new entry so please check before you submit your 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. An illiquid stock is one where your $50K order would exceed the average daily volume. ADV must be at least 5X the number of shares you would purchase for the contest. If your trade is determined to be of this nature you will be notified and can make a different trade as long as it's before 4pm.
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 21st.
Miscellaneous
Comments regarding the contest can be posted in the forum.
Always check the official spreadsheet (Link will be provided in this thread) to ensure your order was entered correctly.
Good Luck All Contestants!
(Dooooom(tm) with the 5 o's is an official trademark of Fastopia)
