Weekly Stock Challenge 3/3/06

[madcowdisease]

Is it too early to enter for next weeks contest. I'll take QTWW. This sucker has been a rocket lately. Let's just hope oil stays elevated.

[Thierry Martin]

Originally Posted by jacobnbr1

TAKE THE CHALLENGE!

Pick a stock from $2.00 - $5.00 that trades no less than 100k shares daily volume that you think will go up in the next five days.

Select an entry price (like a market order), the stock must trade at that price within the next 5 days for your pick to be activated.

If the stock price gaps over or does not trade at that price during intraday swings you are not qualified.

The challenge plays till fridays close where I will calculate who won and post it on the thread.

The reward is yours to keep! The experience of fine tuning your ability to select a stock that is going to go higher. ( and that is cash in the bank for you) and of course bragging rights that you won..

Rules

1. stock priced between 2.00 - 5.00

2. volume of no less than 100k daily

3. entry price must be achieved during daily market 9:30 - 4:00 times (no pre market or after hour prices allowed)

4. no cramer picks from friday's show

5. one ticker per forum member

6. a ticker can be used once per challenge - if you want to use the same ticker for next week you must call it first after Friday's market close (4:00 est)

7. once an entry and ticker is selected and posted, there is no changing the entry or ticker.

8. entries for next challenge opens at Friday's market close (4:00 pm EST) and closes at midnight Sunday (12:00 pm EST)



(I'm starting a new thread to keep it under control. You can see last week's game here:
http://www.cramersmadmoney.com/showthread.php?t=2203 )

[englishman26]

I will take SGU again at the open on monday morning.

Goodluck folks!

[TheBullPicker]

I just noticed that someone had DWOG last week. I will let him have first choice at it if he wants it. Instead, I will take GTI at wherever it opens. That is if I am still able to switch.

[ChronicDDL]

Bpg @ 2.40

[the_menace]

Gnta @ 2.65

[BOOOYAHOOO!]

Hmmm, this bit o bad timing on me bottom fishin play from last week DCN leaves me bankroll at 5425. That sux because it now relegates me to finding only plays that are beginning long term uptrends or are closer to actual long term bottoms than DCN was. My goal is to see where I end up as far as me initial bankroll and I am not as much concerned with the weekly results. And the bad part about betting da bankroll on any one pick during any on week and then rolling it all over into anudder pick da next week is that a week like DCN had makes one much more cautious! if you are using this game to become a more disciplined trader that is. That's what I'm doing. Therefore, I may not have anudder play until things in da mawkets in general setup a tad more to me personal liking! :) But I taint no quitter! As Ahhhhhnold would say....I'll be baaack! :)

[xboilermaker]

I would be missing something if not for this competion, so got to keep on keepin' on. Hope you get back in over the weekend BOO. Wasn't it exciting the day you led? I was cheering for you.

COMS @ $4.70

[dhubbs]

Hi all - I would like to participate this week.

insm @ 2.27

[BigDawg291]

I will take KRY at the open on Monday morning.

[up2nogd420]

I'll take NYNY at the open Monday morning:!:

[chinaman711]

My pick is TRBM at what ever price it opens at.

[Thierry Martin]

I'll take ALTH - ALLOS THERAPEUTICS (NASDAQ) at the market open Monday.

[wallnut]

VC at open

[Thierry Martin]

This week's winner will receive the following brand new hardcover trading book for free - since I entered the competition also, if I happen to win, the book goes to the 2nd place winner. Good luck everyone.

http://www.cramersmadmoney.com/images/books/conquerthecrash.gif

Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression (http://www.invest-store.com/cgi-bin/stock-links-bin/redir.cgi?moreinfo.cgi?item=1837663)

In Conquer the Crash, Robert Prechter explains why he thinks the boom times are behind us. Based on his interpretation of the Elliott Wave principle (an idea premised on the notion that mass investor psychology is what really drives markets), Prechter believes that the U.S. economy is about to enter into a deflationary depression that few investors are prepared to deal with. In making his case, Prechter assembles an impressive array of data that in essence suggests that the bill for the last 10 years of market excess is about to come due. The second half of the book shows how to avoid becoming "a zombie-eyed victim of the depression" and offers advice on protecting one's assets in a deflationary environment (cash is king). If there's any good news in the future that Prechter sees coming (other than how to avoid it), it's that all-out depressions don't last very long. Conquer the Crash should appeal to gloom-and-doom investors and to those desperately looking for a safe haven from the uncertainties of today's markets.

Book Review by Jaye Abbate, Traders Library - Conquer the Crash by Robert Prechter

Wave Theory. It's been around for decades, and the most passionate and articulate proponent of using Wave Theory to time market moves has been the brilliant technician and behavioral economist, Robert Prechter. Through his bestselling books and long-running newsletter, Prechter has conveyed his primary concepts and methods to legions of loyal followers -- even as his bearish market commentary has sparked others to label him a "doom-and-gloomer." Now - a new product from the "Traders Hall of Fame Winner" has been released which are sure to intensify the controversy - while also educating a new generation of traders.

While his main analysis tool is based on Elliott Wave Theory, this book focuses far more on tying all the economic factors together so you can prepare yourself financially for any eventuality in the marketplace. Prechter explains why market bubbles occur, how to predict them in the future, and how other irrational bubbles develop in real estate, commodities and other markets -- that in turn influence other sectors of the economy, and ultimately, affect your life.
Prechter imparts thoughtful, uncomplicated financial wisdom on a broad range of investment vehicles from stocks, bonds, commodities, metals, cash and real estate to more general ways of preparing for a shift in politics, dealing with the banking system, managing your pension plan, and handling debt. Few investing books present such a readable account of socio-economic connections - or the time-proven recommendations for predicting and surviving inevitable boom and bust cycles. As David Tice, President of the Prudent Bear Funds has suggests,

"I urge you to read this book and give it to your loved ones … Reading this book could make the difference between agony and comfort over the next 20 years."

Regardless of where you stand on wave theory - or Mr. Prechter's methods in general - this product provides well-reasoned insight and useful guidance. The timely 2nd edition of Conquer the Crash will help all investors hedge against adverse moves in the financial markets. And, his new Trading the Elliott Waves video workshop contains groundbreaking concepts every active trader should at least consider as they perfect their trading skills. Together, it's a truly winning combination.

Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression (http://www.invest-store.com/cgi-bin/stock-links-bin/redir.cgi?moreinfo.cgi?item=1837663)

[BOOOYAHOOO!]

This week's winner will receive the following brand new hardcover trading book for free - since I entered the competition also, if I happen to win, the book goes to the 2nd place winner. Good luck everyone.

http://www.cramersmadmoney.com/images/books/conquerthecrash.gif

Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression (http://www.invest-store.com/cgi-bin/stock-links-bin/redir.cgi?moreinfo.cgi?item=1837663)

In Conquer the Crash, Robert Prechter explains why he thinks the boom times are behind us. Based on his interpretation of the Elliott Wave principle (an idea premised on the notion that mass investor psychology is what really drives markets), Prechter believes that the U.S. economy is about to enter into a deflationary depression that few investors are prepared to deal with. In making his case, Prechter assembles an impressive array of data that in essence suggests that the bill for the last 10 years of market excess is about to come due. The second half of the book shows how to avoid becoming "a zombie-eyed victim of the depression" and offers advice on protecting one's assets in a deflationary environment (cash is king). If there's any good news in the future that Prechter sees coming (other than how to avoid it), it's that all-out depressions don't last very long. Conquer the Crash should appeal to gloom-and-doom investors and to those desperately looking for a safe haven from the uncertainties of today's markets.

Book Review by Jaye Abbate, Traders Library - Conquer the Crash, by Robert Prechter

Wave Theory. It's been around for decades, and the most passionate and articulate proponent of using Wave Theory to time market moves has been the brilliant technician and behavioral economist, Robert Prechter. Through his bestselling books and long-running newsletter, Prechter has conveyed his primary concepts and methods to legions of loyal followers -- even as his bearish market commentary has sparked others to label him a "doom-and-gloomer." Now - a new product from the "Traders Hall of Fame Winner" has been released which are sure to intensify the controversy - while also educating a new generation of traders.

While his main analysis tool is based on Elliott Wave Theory, this book focuses far more on tying all the economic factors together so you can prepare yourself financially for any eventuality in the marketplace. Prechter explains why market bubbles occur, how to predict them in the future, and how other irrational bubbles develop in real estate, commodities and other markets -- that in turn influence other sectors of the economy, and ultimately, affect your life.
Prechter imparts thoughtful, uncomplicated financial wisdom on a broad range of investment vehicles from stocks, bonds, commodities, metals, cash and real estate to more general ways of preparing for a shift in politics, dealing with the banking system, managing your pension plan, and handling debt. Few investing books present such a readable account of socio-economic connections - or the time-proven recommendations for predicting and surviving inevitable boom and bust cycles. As David Tice, President of the Prudent Bear Funds has suggests,

"I urge you to read this book and give it to your loved ones … Reading this book could make the difference between agony and comfort over the next 20 years."

Regardless of where you stand on wave theory - or Mr. Prechter's methods in general - this product provides well-reasoned insight and useful guidance. The timely 2nd edition of Conquer the Crash will help all investors hedge against adverse moves in the financial markets. And, his new Trading the Elliott Waves video workshop contains groundbreaking concepts every active trader should at least consider as they perfect their trading skills. Together, it's a truly winning combination.

Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression (http://www.invest-store.com/cgi-bin/stock-links-bin/redir.cgi?moreinfo.cgi?item=1837663)

Ahhhh, Thierry, ya sunova! I luv Precter! He's standing his ground even though everyone around him is calling him an idiot! Everyone had better hope he isn't right! Looks like you forced me into making a pick for this week so I'll have to run with LPTH at 4.85 for $5425, and da book! :)

[loslobos71]

Ill take NBR at the open. Thanks

[TheBullPicker]

This time it counts. Yeah! Last week was my first challenge, and I won. Maybe I can do it again

[Thierry Martin]

This time it counts. Yeah! Last week was my first challenge, and I won. Maybe I can do it again

Just send me your mailing address and I'll send you a copy of the book for your win last week. If you win this week we'll substitute a different title for you. This offer also applies to the other previous winners - one book for each winner, not for each win! (Most of you won 2 or 3 times!)

Of course, going forward, you will get a book for each win. I'll make sure you always get a different title.

[wallnut]

my original pic was VC but if your going to throw in a book I'll try to pull a rabbit out the hat.VLNC at open

[loslobos71]

Edit to my previous: Can I actually take Nabors (NBR) at $68. If it opens under that does it start at the open or at $68? Thanks and sorry for my changing!

[loslobos71]

Edit to my previous: Can I actually take Nabors (NBR) at $68. If it opens under that does it start at the open or at $68? Thanks and sorry for my changing!

wow sorry...I forgot to read the rules. I feel embarrassed.

Anyway can I take CNXT at $2.9

Thanks and sorry again....Stu

[mlegha1]

FIrst time entering the challenge , I am taking IMMR @ 6.88.

[the_menace]

FIrst time entering the challenge , I am taking IMMR @ 6.88.

Read the rules up on top man.

[mlegha1]

Rookie mistake didn't read the rules properly beofore entering sorry about that.
I'll take WEL ... instead of IMMR...

[englishman26]

Wow - real prizes! Thanks Thierry!

This week's stock pickers challenge is dedicated to the memory of jacob's stepfather - RIP. So we better do better than last week!

madcowdisease QTWW open
englishman26 SGU open
TheBullpicker GTI open
ChronicDDL BPG $2.40
the_menace GNTA $2.65
xboilermaker COMS $4.70
dhubbs INSM $2.27
BigDawg291 KRY open
up2nogd420 NYNY open
chinaman711 TRBM open
Thierry Martin ALTH open
Wallnut VLNC open
Boooyahooo LPTH $4.85
loslobos71 CNXT $2.90
mlegha1 WEL open

[ChronicDDL]

I didn’t know that the rules allowed us to use the open price instead of picking an entry point, next week I will be using the open price since it guarantees that I will qualify for the game.

We need to change the rules to let people know that they can use the open price as there starting price instead of having to pick the entry point.

[englishman26]

That's probably my fault. If the overwhelming feeling is that we go back to only stating an entry price (or a limit order) then we'll do that from next week. The way it says "market order" in the rules makes it sound like you can just ask for the open price.

[jacobnbr1]

i know it is kinda confusing the whole buy at open thing but it truly is a simulation of some traders position entries. although i would not do this myself but some stocks require the open to be bought to enter the position for whatever goal is desired. i don't think i ever stated if a market order could be placed.

[englishman26]

http://mccammon.ucsd.edu/~rlaw/stockp_22706.png

[TheBullPicker]

Did CNXT open below 2.90? I was looking at Scottrade's one day chart and it appeared to open at 2.92. I know Scottrade sometimes misses out on little details on their charts, but it may be worth a closer look.
If it did open below 2.90 could some one tell me a more precis accurate site with charts, that hopefully is free.

[englishman26]

No. It opened at 2.93 but it hit 2.90 at some point. It was the low of the day.

[mlegha1]

Sorry about WEL, if it is not too late I'll take CLG at open.
Thanks

[BOOOYAHOOO!]

http://mccammon.ucsd.edu/~rlaw/stockp_22706.png

The 4.85 entry tawget for LPTH was actually strategery and I didn't want to get in unless it broke out above the 4.83 price from Fri, it already fell farther than I thought it would on this move to 4.55. I would have picked 4.65 if I wassa gonna try and fish fer bottom. :) I see we are having some confusion on pricing, like somebody being allowed to even play a stock that didn't qualify from the getgo (WEL) in da foist place, and another that is trying to dig for the estree .02. Yuns should just keep it simple, nobody buys the opening price except idiots. So why not set a limit price that you think will get hit? The only reason I can see why one couldn't do that is because they can't think! Kind of takes away from the results....know what I mean? :)

[englishman26]

I perfectly understood the strategy. Good job it didn't grab your entry before heading down. It looks like your shrunken bank role will breathe another week!

Sorry mlegha1 -too late! I'm sorry I didn't check your 2nd pick. I just sort of assumed that as you said you were reading the rules that you must have picked correctly.

[mlegha1]

I perfectly understood the strategy. Good job it didn't grab your entry before heading down. It looks like your shrunken bank role will breathe another week!

Sorry mlegha1 -too late! I'm sorry I didn't check your 2nd pick. I just sort of assumed that as you said you were reading the rules that you must have picked correctly.
NO Problem my be next week I'll do better reading them...

[englishman26]

http://mccammon.ucsd.edu/~rlaw/stockp_22806.png

[TheBullPicker]

Wow VLNC was an amazing pick. Did you find any inside information, or was it just luck ( a lot of luck)?

[wallnut]

vlnc was a little of all, I have a couple of others that are playing the same way if you would like to check back later I will toss in some ideas

[englishman26]

One of the best days in the market for a while and that's illustrated in the performance of the picks today. VLNC - one of the best ever weekly picks. Good job Wallnut!

http://mccammon.ucsd.edu/~rlaw/stockp_30106.png

[englishman26]

http://mccammon.ucsd.edu/~rlaw/stockp_30206.png

[BOOOYAHOOO!]

Mutha troika! LPTH hit me entry price an I doan think that's so good! :o

[the_menace]

GNTA looks like it hit my entry point today on the last day of the week...whoa. But VLNC is far ahead though..congrats even though the day hasn't ended yet.

[BOOOYAHOOO!]

Looka dat chit! Cramer says "don't buy" SIRI and it closes at 5.01...exactly .01 away from qualifying for next week's race! You know SIRI has a shot next week now that Cramer gave his new outlook on it....no way he says buy until it hits 5.85! minimum! LOL

[englishman26]

Great late run by LPTH but just kept out of 2nd by continued strength from CNXT. GNTA a good late qualifyer too. But in the end VLNC just too far in front and a very worthy weekly winner!


http://mccammon.ucsd.edu/~rlaw/stockp_30306.png

[BOOOYAHOOO!]

Great late run by LPTH but just kept out of 2nd by continued strength from CNXT. GNTA a good late qualifyer too. But in the end VLNC just too far in front and a very worthy weekly winner!


http://mccammon.ucsd.edu/~rlaw/stockp_30306.png

I'll take the 12% gladly at this point. That gets da bankroll up a tad, all I need is that one blockbuster pick! :) And I'll admit that it may be a tad tougher to pick em this coming week but I'm sure I'll use the same strategery I used witme LPTH and play it above da mawket...Sam. Maybe I'll run a goldie, I wonder if anybody knows of any gooduns in the 2.00 to 5.00 range. Or maybe I'll just play Cramer and run me MNG now that it is already up 60% in 2 weeks! LOL I'll have to do some research this weekend. I knew TRBM would be this week's big loser but I didn't wanna say nuthin. :) Check out me pick fo da little dawg track ova yonder, I'm playin WGAT at .95 centavos and hopin fo a tad of general mawket ugliness. Tain't nuthin on da chawt that says WGAT needs to take out the 1.06 low...but you know how that goes. :)

[wallnut]

I'll take the 12% gladly at this point. That gets da bankroll up a tad, all I need is that one blockbuster pick! :) And I'll admit that it may be a tad tougher to pick em this coming week but I'm sure I'll use the same strategery I used witme LPTH and play it above da mawket...Sam. Maybe I'll run a goldie, I wonder if anybody knows of any gooduns in the 2.00 to 5.00 range. Or maybe I'll just play Cramer and run me MNG now that it is already up 60% in 2 weeks! LOL I'll have to do some research this weekend. I knew TRBM would be this week's big loser but I didn't wanna say nuthin. :) Check out me pick fo da little dawg track ova yonder, I'm playin WGAT at .95 centavos and hopin fo a tad of general mawket ugliness. Tain't nuthin on da chawt that says WGAT needs to take out the 1.06 low...but you know how that goes. :)
I'll take 12 any day of da week, I gots a few 4 nex week but I don't want 2 tro anythang out there someone might wanna play. But, I would like some input on a pic I am interested in tossin some change at, if you have the time and would like to give my a dif per on it hit me back and I'll post a thread. It's not my next week's pic.
been wit siri 4 a while in @ 4.90, gonna ride it like tasr itll see 7 I knowzit

[loslobos71]

damn, the one week I did well.....

[BOOOYAHOOO!]

I'll take 12 any day of da week, I gots a few 4 nex week but I don't want 2 tro anythang out there someone might wanna play. But, I would like some input on a pic I am interested in tossin some change at, if you have the time and would like to give my a dif per on it hit me back and I'll post a thread. It's not my next week's pic.
been wit siri 4 a while in @ 4.90, gonna ride it like tasr itll see 7 I knowzit

First of all congrats on da win wit VLNC. I hope you realize you got lucky....reeeeeal lucky with VLNC. But sumtimes it is better to be lucky than good :) Or maybe you are good and you knew dat pig would move 30%. Hmmmm....now you axe bout SIRI and it is an interesting time to be axin bout SIRI bein that da news is out and either sumbody is gonna hang Howard Sternum up by da testicles or he bees gonna do it himself. Now knowin dat ya would think da stock price would fall. And it is! So dats obvious. For fokes who like to trade themselves to profits but more than likely end up wit losses...perhaps it be time ta start trackin SIRI in order to improve yer odds of winnin this time. I already said 5.85 fo sho....and now youbee sayin 7.00. Is that cause you once heard me say 7.00 or because you sees sumthin on da chawt? If it's cause a sumthin I said then I take yer 7.00 and raise ya a qwata....ya'll need .25 centavos ta stay, or feel free to raise if yawnto. It's jist a matter of figrin out when ta get in...I mean....don'cha think it could fall aaaaaall da way to fo foist? Figure dat one out and let me know when you think "it's time" and I will say that you are good. As of right cheeya right now you only be sneaky good. :) Nice pony dat VLNC, anxious to see whatcha gots dis week. :)

[Thierry Martin]

Closing this thread - next week's contest here:

http://www.cramersmadmoney.com/showthread.php?t=2429