Squawk Box Portfolio Challenge Update 4
3 Days Left! Get your final moves in now while you still can. Ok. If your anything like me, your final move is to give up and forget the pathetic showing you made. With all the turmoil lately in the stock market, my portfolio took a beating.
Like I mentioned in Update 3, I’m pretty heavy into Google and missed my opportunity to sell for the swing that I wanted. Now of course, it’s down nearly $30 from where I bought in and so, my only hope is that they do something spectacular over the next three days to help me recoup some of my imaginary money.
So, where do I sit?
Total Value of Portfolio: $987,537.45
Surprisingly, that’s still good for being better than 50% of the participants. I guess I can live with that. Of course, we’ll see how it all ends up in the final few days.
Technorati Tags: Squawk Box portfolio challenge, portfolio challenge, stock contest, investment contest
Like this post? Subscribe by RSS
Or if you prefer, Subscribe by Email
Related Posts:
jim said,
Wrote on June 5, 2006 @ 8:52 am
7. * Trading * - Each Participant begins the Contest with One Million Dollars ($1,000,000) of “Squawk Bucks” to create and manage a fictional portfolio of NYSE, NASDAQ and/or AMEX-traded stocks. To be eligible for trading in the Contest, stocks must have a market capitalization of $500 million as of the close of the markets on March 31, 2006. Stocks cannot gain eligibility for the Contest after March 31, 2006. Stocks that are deemed eligible for the Contest on March 31, 2006 and subsequently fall below $500 million of market capitalization will not lose eligibility for the Contest. Initial Public Offerings that take place after March 31, 2006 will not be gain eligibility for the Contest. Limit orders, open orders, short selling, margin buying, and the trading of derivatives, options, bonds, mutual funds, exchange traded funds or other securities is not permitted. The Contest reserves the right to suspend trading in certain stocks or certain types of trades not specified in these rules due to unusual trading situations, computer system errors or situations beyond the control of the Contest. Each Participant can make a maximum of twenty-five (25) trades per Week. Except as described below, a “Week” is defined as Monday 12:00:00 Midnight to Sunday 11:59:59 p.m., based on the time the trade is entered by the Participant on the Site, not the time the trade is executed. For the first week of trading in the Contest, the Week will commence on Tuesday, April 4, 2006, at 12:00:00 Midnight and conclude on April 9, 2006 at 11:59:59 p.m. For the final week of trading in the Contest, the Week will commence on May 22, 2006 at 12:00:00 Midnight and conclude on May 26, 2006 at 4:00 p.m.
This is the rules, the guy won with ESCL which has a Market cap of 228 MIL HOW can this be???????
thatedeguy said,
Wrote on June 5, 2006 @ 9:12 am
I believe that ESCL probably had a larger market cap at the beginning of the game. As long as it was over $500 mil at the beginning, it was included.