Post by cosmic on May 27, 2010 9:59:59 GMT -5
Contest Name: The Road To Opex II
Begins: Tuesday, June 1, 2010 at 8:00:00am EDT
Ends: Friday, June 18, 2010 at 4:00:00pm EDT
Who can enter: Open to all members
Prize: 1st Place: 1/10 oz American Gold Eagle coin
2nd Place: 1 oz Silver Eagle coin
(prizes courtesy of Ask2Lern ;D)
Begins: Tuesday, June 1, 2010 at 8:00:00am EDT
Ends: Friday, June 18, 2010 at 4:00:00pm EDT
Who can enter: Open to all members
Prize: 1st Place: 1/10 oz American Gold Eagle coin
2nd Place: 1 oz Silver Eagle coin
(prizes courtesy of Ask2Lern ;D)
In this contest, you win by executing the best 3-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, and 2nd Place is awarded to the contestant with the 2nd highest portfolio value, as of 4:00pm June 18, 2010.
Here's how it works
After doing your Due Diligence, you place a single trade on Tuesday, June 1, 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 June 1st. 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 June 18th your portfolio will be revalued based on the official close price published by Google on June 18th.
How to place your trade
You will execute your trade by making a post in this thread at some point on Tuesday June 1st. You will enter your trade in a format similar to:
Bought 2173 shares of FAS at 23, total 49,979. Bernankebucks 21.00
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 or gray-market stocks where a Bid/Ask is not easily determined (example: SPNG.)
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 June 18th.
Miscellaneous
Comments regarding the contest can be posted in the appropriate forum. If you have questions about the contest, please post them in the Hut.
The contest thread will be locked until Tuesday June 1st 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 Tuesday June 1st as all entries should be completed by 4pm.
Good Luck All Contestants!
