Stock Trading VI, 1st Update

Stock Trading VI officially kicked off with yesterday’s market open, and the race has begun. The competition is fierce this week as several communities have stepped up to the challenge.

Give it up for Million Dollar Journey (MDJ), Clever Dude (CD), and Money Matter & More Musings (MMM), and your host, the community here of Stock Trading 101 (ST101).

Contestants participated in one or more of the following categories:

  • One Guess of the NASDAQ Composite Close, this upcoming Friday May 25th.
  • One Stock Pick for the week
  • One Short Pick for the week

To stir things up as usual there is a $200 cash prize up for grabs to anyone who can correctly guess the NASDAQ Close… to the penny!

Let’s take a look at our first leader boards for today, Tuesday May 22nd…

NASDAQ Close

(Close Price of 2588.02; Order = Contestant - Community - Guess - Difference)

  1. Ailun Zhan - ST101 - 2590.00 - off by 1.98
  2. Frugal Trader - MDJ - 2580.08 - off by 7.94
  3. Ben - MMM - 2598.10 - off by 10.08
  4. Justin - ST101 - 2577.20 - 10.82
  5. GolbGuru - MMM - 2600.34 - 12.32

Stock Picks

(Order = Contestant - Community - Pick ; Return)

  1. Mataspeed - ST101 - ANSW ; 29.33%
  2. The Financial Blogger - MDJ - NXST ; 8.44%
  3. GolbGuru - MMM - GNK ; 6.29%

Stock Shorts

(Order = Contestant - Community - Pick ; Return)

  1. StockTrading101 - ST101 - GLD ; 0.46%
  2. Financial Jungle - MDJ - BMO ; -0.06%
  3. Marshall Middle - MDJ - CHUX ; -.053%

So as of the close today, the best overall community is your host, the community of Stock Trading 101!! The best overall single performer is GolbGuru, who placed in two of the three categories!

Congratulations to our current leaders, and stay tuned for the next update coming later this week.To stay updated, I suggest you subscribe to the feed (google reader is most popular)!

More on this topic (What's this?)
Best 1-Year CD Rates with FDIC (Kirk's Market Thoughts, 11/4/08)
Pretty Good CD Offer from Citibank (A Slacker's Quest For His First ..., 10/24/08)
Beat the Market by 15% with This End-of-Year-Rally Strategy (Contrarian Profits, 9/12/08)
Read more on Certificate of Deposit (CD), Nasdaq Composite Index at Wikinvest

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-- Posted by Blain Reinkensmeyer on May 22, 2007 at 7:15 pm --

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Pingback by Stock Trading VI, 1st Update at Clever Dude Personal Finance & Money
2007-05-22 22:40:52

[...] at Stock Trading 101 has posted the first update for this week’s stock guessing contest. We had 5 entrants here at Clever Dude, but after the first update, we don’t have anyone in [...]

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