Two Contests, Three Months, Four Prizes

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January 1, 2008 | Stocks | | Author Asif

Encouraged by the response to our first stock contest One Stock, One Month, Three Prizes, we have decided to launch two new stock contests simultaneously starting on January 1st, 2008 and ending on March 31st, 2008. The first of the two contests is an invitation only contest for the top 100 financial/business bloggers and the second one is a contest for SINLetter subscribers.

The Contest:

Based on the feedback from the first contest, we decided to expand both the time and scope of these contests. Both contests run through the end of the first quarter of 2008 and you get to pick three stocks and the value of the S&P 500 as of March 31st, 2008. The value of the S&P 500 will simply be used a tie breaker in case two or more people have the same average gain by the end of the contest. We are giving away two prizes for each contest. You can join anytime between now and March 30th and in case you have been invited to the top bloggers contest or are already a SINLetter subscriber you do not even have to login to participate. Just like the first contest, we decided to make things interesting by allowing participants to pick either long or short positions.

You can check out how you are doing from the stock contest rankings page given at the end of this blog post. The contest rankings page would be automatically updated during market hours just like our model portfolio.

The Prizes:

The first prize for both contests is a Nintendo Wii or a $250 Amazon.com gift card. The second prize is a Canon 7.1 MP Digital Elph Camera or a $150 Amazon.com gift card.

First Prize
 (or) Amazon.com Gift Card

$250 Amazon.com Gift Card

Second Prize

 (or) Amazon.com Gift Card

$150 Amazon.com Gift Card

The Rules:

The three primary rules are,

  1. Only stocks that trade above $1 at the time of selection and that are listed either on the NYSE, Nasdaq or the American Stock Exchange will be accepted (sorry no pink sheet or bulletin board stocks at this time).
  2. Regular dividend payments will not be taken into account both on the long side and the short side.
  3. The stock contest price would be the highest price of the day for long stocks and lowest price of the day for short stocks if you pick the stock during a trading session. If you pick a stock after hours or over a weekend, the next trading session will be used to determine the highest price of the day for long stocks and lowest price of the day for short stocks. While this puts contestants at a slight disadvantage, it also helps stop people from gaming the contest.

Don’t forget to read the full list of rules and happy stock picking.

Click here to enter the subscriber contest.

Click here to view current rankings for subscribers.

Click here to view current rankings for the top financial bloggers.

Note: Due to time constraints (these stock contests took a while to put together), the January edition of SINLetter will be delayed until this weekend.




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Comments

  1. VTCastle
    January 2nd, 2008

    Nice contest… we’ll see how it shakes out.

    I’m a trader by nature, but I’m getting into the writing aspect of investing/trading similar to your case several years ago. Are you looking for additional posts? I could contribute a few as time goes along if you’re up for it.

  2. RonPaulFan
    January 4th, 2008

    That wii is mine.

  3. Asif
    January 19th, 2008

    I am adjusting the contest price for two contestants because of an error in the contest picking script. One of these contestants notified us that even though they entered the contest during market hours, instead of picking the prices on the day they entered the contest, the script picked up the prices on the following day. We have since rectified this bug and for those of you who are interested it occured because the script was considering the end of market hours as 3 PM EST instead of 4 PM EST.

    The two contestants who were affected were thestockmasters.com in the blogger contest and “Ramakrishna” in the subscriber contest.

    On account of these changes, thestockmasters.com moved from position 14 to position 15 in the blogger rankings and Ramakrishna moved from position 8 to position 9 in the subscriber rankings.

  4. d2cold
    March 28th, 2008

    A gift certificate sure would be nice. I could take the wii…. and sell it to RonPaulFan?

  5. Asif
    March 28th, 2008

    That would make life easier for me as well since it is still difficult to get hold of a Wii.

    It looks like you and “yc” have been switching positions all day today. There is one more trading day left on Monday and given the volatility we have been experiencing, anything can happen.

  6. d2cold
    March 28th, 2008

    Yes stock contests are fun. The last contest i entered was bank sponsered, and i won a lap top, but that was a few years back.

    My picks offered high reward potential, but high risk and not likely picks i would heavily invest in with real money.

    Thanks for putting up/on a fun contest. GLTA

    D2cold

  7. sara
    April 5th, 2008

    Hey D2cold, great job, you rock awesome picks, are you going to join the new FMC stock picking contest? Let me know

    Sara

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