Stock Trading Contest 2nd Update!

Posted by Blain Reinkensmeyer
March 28, 2007 at 8:50 am

GOOOOOOOOOD Morning from everyone here at Stock Trading 101 (which is just me!). First off, instead of daily links today I have a great post on John McCain’s Myspace campaign which is good humor. I also have to be honest with you guys really quick, I need to release some news that pertains to you the readers… You ready? Here it goes… I… have NEVER had SO MUCH FUN blogging than I have had this week!!!

Not only has the blog hit a new all-time of subscribers AGAIN today (242 total with a favorite reader and by email) , but there has been close to 30 comments so far this week, and I have got to know some UBER (gaming lingo for “really”) cool bloggers in different areas of the blogosphere! Some of you I’ve known for a while, but some I have just met last week! It really is ridiculous to think about how much fun this has been for me, but none of it is possible without great readers and great support from fellow bloggers. Thanks everyone!

So with that aside, let’s jump into updates from the Ã¢â‚¬Å“Pick two stocks and try to beat out eMom though there really is no true purposeÃ¢â‚¬Â contest:

POINTS UPDATES

(Please Note: Points are very random here at ST101!) First off, Frugal Trader and Derrich both earned 3,000 points each yesterday by linking up to the contest, Frugal here and Derrich here! Derrich is now becoming more active with stock trading, adding a “stock watch” section to his sidebar, and Frugal just looks like he’s having a ball alongside the fact he believes he is going to win, “Go GOOG!” You guys are hilarious, as always thanks for the link lovin! Our featured contestant this week Emom Wendy Piersal also linked to the contest, but her points are already tallied in.

Alongside linking points, with the market stumble yesterday (the Nasdaq ended down around .7%), only ONE contestant saw their stock picks end in the green, and he had both end up! Jim Kingsland’s picks of JADE and DNDN closing green earns him 1,000 points. AND, since he is the only contestant who had picks end on a positive note, I am giving him a thousand point bonus, keep the good stuff coming Jim!!

Lastly, Investoid had ANOTHER “bad beat” close with Red Hat (RHT) ending the day down a measly 8 cents, and Derrich’s Yahoo (YHOO) ended down just 11 cents. Since this is Investoid’s second bad beat day in a row, we will double his earnings and give him 200 points, and Derrich earns 100 points for Yahoo.

THE LEADERBOARD

Derrich - 5,100 Points
Wendy - 4,000 Points
Frugal Trader - 3,500 Points
Jim Kingsland - 2,500 Points
Investoid - 300 Points

Derrich has Taken the lead with 5,100 points, and with three days left, who knows what can happen. From the looks of it though, that 10,000 point bonus for having the two best picks overall will be a nice addition to the point total! We finish this update with “Under the Spotlight” with Investoid, Have a great day!

UNDER THE SPOTLIGHT, INVESTOID

1. You chose AGE and RHT as your two stock picks, why?

I picked stocks that had upcoming earnings announcements this week since if they surprise their stock is more likely to move dramatically in a short period of time. I’m not a short-term investor though, so I didn’t do any deep analysis of their likelihood to surprise.

2. What would you say is the best thing about the stock market?

I don’t know about ‘best’, but my favourite part of the stock market is its complexity. You have millions of different people and groups with different mindsets and informations taking actions based on their preferred strategy. It makes for an excellent agent model problem.

Readers note: excuse the Canadian ‘ou’ spelling of words.

3. Readers have to know Investoid, what is your favorite kind of sandwich?

Probably a ham and turkey sub from Subway.

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Comment by Wendy Piersall

2007-03-28 11:18:50

I’m so glad you’re having fun this week! Is this the first time you’ve done a contest like this? It was a pretty savvy idea, and an even better move to bring someone in from a completely different niche. Well done!

Reply to this comment

Comment by Blain

2007-03-28 16:31:22

Hey Wendy! This is actually the third contest I’ve done here at ST101, but the other two were different. Last week for instance was to guess what you though the Nasdaq index would close at the end of the week.