Weekly Stock Challenge 5/5/2006 - Win Free Trading Book

[Thierry Martin]

Stock Picking Challenge

Winner gets a free hardcover copy of Conquer the Crash!

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

Your entry price can be a limit or market at open order.

Your entry price must be within the trading range of that stock during the next 5 days for your pick to be activated.

Rules

1. stock priced between 2.00 - 5.00

2. volume of no less than 100k daily. If a stock fails to meet 100k at any point in the week it is disqualified for the duration of the week.

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

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 be the first to call it 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 8:00 Monday (9:00 am EST)

[englishman26]

GRSR is supposed to be doing a 5/2 split on tuesday of next week. I'd like to play this. It's currently at $5, which will adjust to $2. It will probably gap up over $5 on monday so I won't try to enter there. I'll try a $2.10 entry point, post split. (In otherwords it won't qualify at least until it splits and maybe not after that either!) Also, the volume is usually too low but it will be high enough after the split! (Maybe high enough without it, next week.) What is the exact rule on volume qualification? 100K plus 22 day average, 100K+ every day that week, or 100K+ on the day it qualifies by price?

So in summary - GRSR.PK at $2.10! (If it qualifies.)

(Otherwise I'll just play NXG again at open.)

[Thierry Martin]

I didn't make the rules, but I'm the only one that seems to be running the challenge last week and this week, so I guess I have some say.

Tried to change the rules last week through a poll, but the "keep the rules the same" group won that.

Personally, unless someone objects, as long as the "average volume" in yahoo finance says over 100,000, as of the Friday when we do the picks for the next week, that makes the stock qualify. I don't see the point in a rule that the entrant can't control, such as the volume for the following week. I also think the closing price on Friday being between $2 and $5 is the fair way to qualify the price, not this ridiculous business of what price it hits next week.

I thinks these rule changes would keep the character of the game, yet make it easier for both the participants and the person who runs the game, a lot easier and clearer.

I have added a poll to the thread, and you should vote, because I will go with the wishes of the voters here.

[TheBullPicker]

I'll take RGUS at the open

[Thierry Martin]

GRSR is supposed to be doing a 5/2 split on tuesday of next week. I'd like to play this. It's currently at $5, which will adjust to $2. It will probably gap up over $5 on monday so I won't try to enter there. I'll try a $2.10 entry point, post split. (In otherwords it won't qualify at least until it splits and maybe not after that either!) Also, the volume is usually too low but it will be high enough after the split! (Maybe high enough without it, next week.) What is the exact rule on volume qualification? 100K plus 22 day average, 100K+ every day that week, or 100K+ on the day it qualifies by price?

So in summary - GRSR.PK at $2.10! (If it qualifies.)

(Otherwise I'll just play NXG again at open.)

I'd like the rule to be the average volume per Yahoo! to be 100,000 as of the Friday we open the contest for the following week. That would make your pick invalid.

[aiki14]

WEL @ open.
I don't care what the rules are, as long as they're posted in advance. So whatever everyone else wants I'm in.

[englishman26]

Righty-oh you are! I'll just take NXG at the open then.

[bahroor]

LU @ open please

[MoMoney4Me]

MNG @ open

[Thierry Martin]

So far:

TheBullPicker
I'll take RGUS at the open

aiki14
WEL @ open.

englishman26
I'll just take NXG at the open then

bahroor
LU @ open please

MoMoney4Me
MNG @ open

[BOOOYAHOOO!]

I'll run wit yer MAMA agin since there is a veeeery good possibility DA BOTTOM was put in on Fri as it traded jist to da outside of me 1.91-1.70 entry zone. If it rallies through 1.81 on da open me doan think it be seeing 1.66 agin until it be see $5+ so me puts de entire $6418 bankroll on yer MAMA agin @ $2 dallahs even there Steven. When ya finds a sexy MILF like dis ya stick wit er! till she finds anudder boyfriend of course. :)

[tekbubble]

Personally, unless someone objects, as long as the "average volume" in yahoo finance says over 100,000, as of the Friday when we do the picks for the next week, that makes the stock qualify. I don't see the point in a rule that the entrant can't control, such as the volume for the following week. I also think the closing price on Friday being between $2 and $5 is the fair way to qualify the price, not this ridiculous business of what price it hits next week.


Sounds good to me.

I'm taking CBMX at open and I'm calling my shot -- left field double!

[MoMoney4Me]

I might suggest Tata Motors for tekbubble,mmmmm what am I thinking? That one's out of our price range. :lol:

[ChronicDDL]

OCPI @ open

[jacobnbr1]

Let's see here.... I will play DCNAQ at 2.00 dollies please.
signaling buy right here...

[bobthegreat]

I'll take DSCO @ open

[Hanger]

Hello-

Can I get KOOL at open please...Volume looks good price looks good....probably will tank since I am picking it lol....

Thank you..

[Thierry Martin]

So far:

TheBullPicker
I'll take RGUS at the open

aiki14
WEL @ open.

englishman26
I'll just take NXG at the open then

bahroor
LU @ open please

MoMoney4Me
MNG @ open

BOOOYAHOOO!
MAMA agin @ $2 dallahs

tekbubble
I'm taking CBMX at open

ChronicDDL
OCPI @ open

jacobnbr1
DCNAQ at 2.00 dollies please

bobthegreat
I'll take DSCO @ open

Hanger
KOOL at open please

[NATHAN LLOYD]

Ccbef @ 2.50

[Pinguin]

cbmx at open

[Will]

I'll take AMCC at open

[tekbubble]

cbmx at open

Excellent selection. Thanks for backing me on this one.

[TheChartGuru]

NENG @ $2.20

The Guru has spoken

[wallnut]

since "bob" did not read the rules, gimme SIRI @ open...
I don't have a problem running the challenge T, I was under the impression you wanted to take over!!??

[Pinguin]

Excellent selection. Thanks for backing me on this one.


I knew that stock was appealing for some reason.. :-)

I'll take MPET at open...

[Thierry Martin]

I don't have a problem running the challenge T, I was under the impression you wanted to take over!!??

I know I made it sound like a burden... it came out wrong. I just meant that it would be easier for me, or anyone else running the challenge, if we didn't have to check every non-qualified entry and limit order every day for qualification. I would really like it if the stocks were picked and qualified according to their Friday night close. Open price on Monday is the entry price. It isn't so bad now, but if the contest grows in popularity, it is going to be very time consuming for the administrator the way the rules are now. I know that I won't be able to run it if it gets any more popular, and I have to double-check every entry every day.

The way I have it set up now, once I enter the data, the prices etc. are updated automatically. But this qualified / entry price business drives me crazy, because it requires so much time.

[chinaman711]

I'll take MEMS at the opening price.

[NATHAN LLOYD]

I know I made it sound like a burden... it came out wrong. I just meant that it would be easier for me, or anyone else running the challenge, if we didn't have to check every non-qualified entry and limit order every day for qualification. I would really like it if the stocks were picked and qualified according to their Friday night close. Open price on Monday is the entry price. It isn't so bad now, but if the contest grows in popularity, it is going to be very time consuming for the administrator the way the rules are now. I know that I won't be able to run it if it gets any more popular, and I have to double-check every entry every day.

The way I have it set up now, once I enter the data, the prices etc. are updated automatically. But this qualified / entry price business drives me crazy, because it requires so much time.


It sounds like you have a very valid point. I'll agree, and I think everyone would since it will save whoever tracks the challenge a lot of time. If people don't pick a stock between $2 & $5 with over 100K for volume, then they will not qualify for the weekly challenge. We'll also have to take the opening price, but the rules would be the same for everyone.

[teno4212]

CWTD at 2.00 please!

[Bman409]

ASXSF at the open

[jacobnbr1]

I know I made it sound like a burden... it came out wrong. I just meant that it would be easier for me, or anyone else running the challenge, if we didn't have to check every non-qualified entry and limit order every day for qualification. I would really like it if the stocks were picked and qualified according to their Friday night close. Open price on Monday is the entry price. It isn't so bad now, but if the contest grows in popularity, it is going to be very time consuming for the administrator the way the rules are now. I know that I won't be able to run it if it gets any more popular, and I have to double-check every entry every day.

The way I have it set up now, once I enter the data, the prices etc. are updated automatically. But this qualified / entry price business drives me crazy, because it requires so much time.

THIERRY:
When i started the game i wanted it to be close to real time market trading as i could. I made the rule between 2-5 cause that was the normal stock price being traded at that time.
volume was 100k to eliminate the extreamly thin stocks traded.
exicution was up to the member as to open=market order, or specific entry target= limit order.
It is very time consuming to track all these at certain prices and i feel it is what the person wan'ts who is running the challenge for he/she is the one donating the time to run the challenge. if it didn't take so much time to do each night i would still be doing it.

I did vote for the rule change cause i know what it takes to do this challenge.

[madcowdisease]

JDSU @ $3.40 please.

[mlegha1]

GSS at open $3.35

[Thierry Martin]

I've been looking at a software solution for doing a real time stock simulation, where you would get $100,000, for example, and within whatever time limit we set, you enter market or limit orders, short or long, for whatever stocks you want. We could have the results posted on a thread here with a discussion and a nice prize. This could be in addition to this contest, which seems to have a life of its own.

[Svenwulf]

anything to make t. martin's life easier!

hope its not to late to take a sucker play on AFOP at open.. like 2.10?

[BOOOYAHOOO!]

Hmmmm...lots o commodity plays on this week's list so it's gonna be tough to pick this week's werst performer. :) The overall return for this week will be even werser than last week though...that's fo sho. Let's see...mosta ya's wit gold n energy plays be takin da opening price which means that yuns guys are gonna be thinkin ya's doin great early in da trading week as ya's git suckered into caarappy fills. I dunno....I'm wreckin Chinafoo will keep his streak of duble digit losses alive for the 4th week in a row wit MEMS. MEMS to 3.25 early in da week, but it finishes down at least 20% befo da week is out. GSS, NXG, and ASXSF should also show da same trading pattern so this is a veeeery tough call....cept dat they gonna get salamied this week. :)

[erictheheaven]

Nwd

[BOOOYAHOOO!]

GSS at open $3.35


Well...ya got the opening price of 3.50. I doan think there is any rule which states that you must purrdict da price yer pig will close at on the opening day of trading though. 3.35 was an excellent guess I must say. Do I hear 3.25?!! Anyone?!! :)

[Thierry Martin]

TheBullPicker
I'll take RGUS.OB at the open
filled @ 2.11

aiki14
WEL @ open
filled @ 2.09

englishman26
I'll just take NXG at the open then
filled @ 4.06

bahroor
LU @ open please
filled @ 2.79

MoMoney4Me
MNG @ open
filled @ 3.81

tekbubble
I'm taking CBMX at open
filled @ 2.10

ChronicDDL
OCPI @ open
filled @ 2.43

bobthegreat
I'll take DSCO @ open
filled @ 2.95

Hanger
KOOL at open please
filled @ 4.17

Pinguin
I'll take MPET at open...
filled @ 2.25

Will
I'll take AMCC at open
filled @ 3.68

TheChartGuru
NENG @ $2.20
filled @ 2.20

wallnut
since "bob" did not read the rules, gimme SIRI @ open...
filled @ 4.71

chinaman711
I'll take MEMS.OB at the opening price
filled @ 2.89

teno4212
CWTD.OB at 2.00 please!
filled @ 2.00

Bman409
ASXSF.OB at the open
filled @ 2.38

Svenwulf
hope its not to late to take a sucker play on AFOP at open.. like 2.10?
filled @ 2.10

erictheheaven
Nwd
filled @ 2.00 - according to the new rules, not qualified since it closed Friday below $2. I'll give it to you because it hit $2 today and we are changing things this week.

Not Qualified

BOOOYAHOOO!
MAMA agin @ $2 dallahs
according to the new rules, not qualified since it closed below $2 Friday. I'll give it to you anyway if it hits $2 this week because we are changing things.

jacobnbr1
DCNAQ.PK at 2.00 dollies please
according to the new rules, not qualified since it closed below $2 Friday. I'll give it to you anyway if it hits $2 this week because we are changing things.

NATHAN LLOYD
Ccbef.OB @ 2.50
didn't hit 2.50

madcowdisease
JDSU @ $3.40 please
didn't hit 3.40

mlegha1
GSS at open $3.35
didn't hit 3.35

[madcowdisease]

madcowdisease
JDSU @ $3.40 please
didn't hit 2.50

You mean $3.40?

[Thierry Martin]

You mean $3.40?

AHHH - the old copy and paste mistake!

fixed!

[tekbubble]

I knew that stock was appealing for some reason.. :-)

I'll take MPET at open...

MPET is flatlining and CBMX is up 7%.... now I feel bad. it'll probably be the opposite by the end of the week though

[Thierry Martin]

teno4212 CBMX +22.00%

[BOOOYAHOOO!]

TheBullPicker
I'll take RGUS.OB at the open
filled @ 2.11

aiki14
WEL @ open
filled @ 2.09

englishman26
I'll just take NXG at the open then
filled @ 4.06

bahroor
LU @ open please
filled @ 2.79

MoMoney4Me
MNG @ open
filled @ 3.81

tekbubble
I'm taking CBMX at open
filled @ 2.10

ChronicDDL
OCPI @ open
filled @ 2.43

bobthegreat
I'll take DSCO @ open
filled @ 2.95

Hanger
KOOL at open please
filled @ 4.17

Pinguin
I'll take MPET at open...
filled @ 2.25

Will
I'll take AMCC at open
filled @ 3.68

TheChartGuru
NENG @ $2.20
filled @ 2.20

wallnut
since "bob" did not read the rules, gimme SIRI @ open...
filled @ 4.71

chinaman711
I'll take MEMS.OB at the opening price
filled @ 2.89

teno4212
CWTD.OB at 2.00 please!
filled @ 2.00

Bman409
ASXSF.OB at the open
filled @ 2.38

Svenwulf
hope its not to late to take a sucker play on AFOP at open.. like 2.10?
filled @ 2.10

erictheheaven
Nwd
filled @ 2.00 - according to the new rules, not qualified since it closed Friday below $2. I'll give it to you because it hit $2 today and we are changing things this week.

Not Qualified

BOOOYAHOOO!
MAMA agin @ $2 dallahs
according to the new rules, not qualified since it closed below $2 Friday. I'll give it to you anyway if it hits $2 this week because we are changing things.

jacobnbr1
DCNAQ.PK at 2.00 dollies please
according to the new rules, not qualified since it closed below $2 Friday. I'll give it to you anyway if it hits $2 this week because we are changing things.

NATHAN LLOYD
Ccbef.OB @ 2.50
didn't hit 2.50

madcowdisease
JDSU @ $3.40 please
didn't hit 3.40

mlegha1
GSS at open $3.35
didn't hit 3.35

Huh? When I started beitchin bout fokes goin outside Jacob's rules and playin sub 2.00 crap the rules got changed to let sub 2.00 plays in. Now you are changing back to the o-rigi-nal rules I take it? Jeeesh, make up yer minds ova heeeya! LOL

[Thierry Martin]

Huh? When I started beitchin bout fokes goin outside Jacob's rules and playin sub 2.00 crap the rules got changed to let sub 2.00 plays in. Now you are changing back to the o-rigi-nal rules I take it? Jeeesh, make up yer minds ova heeeya! LOL

When did sub-$2 stocks qualify? The issue is whether the stocks trade above $2 during the week or at the close on Friday. Until everyone understands that we will be loose with the rule.

[tekbubble]

teno4212 CBMX +22.00%

I'm sorry, what does that mean?

[BOOOYAHOOO!]

When did sub-$2 stocks qualify? The issue is whether the stocks trade above $2 during the week or at the close on Friday. Until everyone understands that we will be loose with the rule.

That's what I was tryin to figure out! The rule clearly states that the stock must be trading between $2 and $5. All of a sudden fokes was playin stocks that closed below $2 on Fri. (which means they aren't $2 to $5 stocks). I have no objeckshun ta anything ya wants ta go wit. Just make some rules and stick to em! Please! LOL

[teno4212]

hmm wish I would have bought my pick in real life! for today, anyway.

[aiki14]

teno4212 CBMX +22.00%
I saw this open at 2.25, did it trade at 2.00 today? Wouldn't that give teno4212 25%?

[Thierry Martin]

I'm sorry, what does that mean?

That was an update on who was winning

[madcowdisease]

That was an update on who was winning

But Tekbubble picked that stock, not Teno

[Thierry Martin]

84


Not Qualified

BOOOYAHOOO!
MAMA agin @ $2 dallahs
according to the new rules, not qualified since it closed below $2 Friday. I'll give it to you anyway if it hits $2 this week because we are changing things.

jacobnbr1
DCNAQ.PK at 2.00 dollies please
according to the new rules, not qualified since it closed below $2 Friday. I'll give it to you anyway if it hits $2 this week because we are changing things.

NATHAN LLOYD
Ccbef.OB @ 2.50
didn't hit 2.50

madcowdisease
JDSU @ $3.40 please
didn't hit 3.40

mlegha1
GSS at open $3.35
didn't hit 3.35

[Thierry Martin]

But Tekbubble picked that stock, not Teno

Yeah, I need some sleep.

teno4212 CBMX +22.00% should have been

teno4212 CWTD.OB +22.00%

[aiki14]

I'm a tad confused, are we using the open price or the fri close price? Everyone except teno4212 has a paid price of the open. If he called 2.00 and it gaps up does that qualify?

[Thierry Martin]

I'm a tad confused, are we using the open price or the fri close price? Everyone except teno4212 has a paid price of the open. If he called 2.00 and it gaps up does that qualify?

The open price on Monday is the "price paid" (unless an entry price other than "open on Monday" is used) - the only change I have made, is that the stock being qualified or not is based on its closing price on Friday. In other words, if the stock closes on Friday at 1.99, it is not eligible for the contest, and can't be entered.

As long as the stock closed between 2.00 and 5.00 on Friday, with the "average volume" in Yahoo! Finance listed at 100,000 or above, it is a valid entry. That way, we know which stocks are good to go. You can still pick an entry price (between 2.00 and 5.00) or a market open price for Monday.

In order for the entry price to be triggered for stocks with limit orders, that price has to be within the "trading range" according to Yahoo! Finance for that day. Then we show that pick as a qualified entry, at the chosen price. All the market open picks are entered at the opening price on Monday.

Since the rule change was sudden, and not everyone understood that they had changed, I let a couple of picks that closed under 2.00 on Friday into the contest, as long as they hit the 2.00 price minimum during the week of the contest.

BOOO - I accidentally deleted your post - sorry about that. Nothing personal, beyond how I already feel about you. It was one of your rude ones anyway. I'm sure you can recreate it, or make it even better.

[aiki14]

So then since he called 2.00 and it opened at 2.25 it's not eligible.

[BOOOYAHOOO!]

The open price on Monday is the "price paid" (unless an entry price other than "open on Monday" is used) - the only change I have made, is that the stock being qualified or not is based on its closing price on Friday. In other words, if the stock closes on Friday at 1.99, it is not eligible for the contest, and can't be entered.

As long as the stock closed between 2.00 and 5.00 on Friday, with the "average volume" in Yahoo! Finance listed at 100,000 or above, it is a valid entry. That way, we know which stocks are good to go. You can still pick an entry price (between 2.00 and 5.00) or a market open price for Monday.

In order for the entry price to be triggered for stocks with limit orders, that price has to be within the "trading range" according to Yahoo! Finance for that day. Then we show that pick as a qualified entry, at the chosen price. All the market open picks are entered at the opening price on Monday.

Since the rule change was sudden, and not everyone understood that they had changed, I let a couple of picks that closed under 2.00 on Friday into the contest, as long as they hit the 2.00 price minimum during the week of the contest.

BOOO - I accidentally deleted your post - sorry about that. Nothing personal, beyond how I already feel about you. It was one of your rude ones anyway. I'm sure you can recreate it, or make it even better.

Well, I hope it was one of me better rude ones! The impotent thang is that you make the adjusto and put CWTD into das "yet to qualify" section wit me MAMA. CWTD is gonna qualify befo da week is out anyhoo so no harm dunn....I jist doan wanna see this track come under investagayshun by da Weekly Stock Picker's Gaming Bored. I unnerstand summa da fokes around dese pawts is bettin their entire paychecks on these pigs n dawgs. :o

[Thierry Martin]

I stand corrected!

Also discovered that Chinaman didn't have the volume.

85

[Thierry Martin]

You know, I think that's the most participation we've seen for this contest so far.

[tekbubble]

So it turns out you had CBMX right and teno wrong, vice teno right and CBMX wrong....

[Thierry Martin]

88

tekbubble takes the lead!

[Pinguin]

Nice stock pick tekbubble...I sure do wish I would have beat you to that one.

[NATHAN LLOYD]

I wrote a note about it on sunday night, and I sure wish I would have remembered that I wanted to buy CBMX.

Yeah yeah....shoulda coulda woulda.

[tekbubble]

I'm willing to share three-way credit on this one.

You may want to wait though, it could head south by the end of the week....

[mlegha1]

I hope entry target is hit today,

[Thierry Martin]

89

Hope everyone found the thread - I moved it to its own forum.

Jacobnbr1 qualifies and pulls ahead on the same day!

[madcowdisease]

Looks like I might finally get that entry point on JDSU.

[Thierry Martin]

91

[madcowdisease]

Thierry, I qualified today didn't I? Here's hopin' for a big day outta JDSU tomorrow. Somebody has to catch jacobnr.

[Thierry Martin]

Here is the updated chart with the qualified entries.

92

[englishman26]

Well I just sold my real life NXG for 4.65. Nice run up.

Great bottom dredging pick there Jacob on the Dana corp! Is Jacob still around or did he leave with Booo??

[aiki14]

Tremendous pick that dcnaq closed at 3. Nice

[Thierry Martin]

98

[inmusicbizdrummer]

Well,I'm totally new to the Trading World. I've been a Studio/Live Drummer for 15 years and now own a music store in the midwest. Knowing nothing about many stocks I picked a few on my recently opened online account from my interests (music & cars). So boring you with my personal history I will tell you my "Weekly Stock Challenge" pick>>DCNAQ<<(Dana Corp.,they make car stuff..hence the car interests). I'm not sure if this meets the rules,but in real life I purchased this not long ago for $1.08....and now its at $3.00. It seems to be headed in the right direction for me! Call it beginners luck,but thats my pick and I'll take it any way I can. Rock on!

[NATHAN LLOYD]

TM,

Can I short during this weekly challenge. I'd definitely gamble that Bernanke will give a hint of another raise on top of one on Wednesday. If I can short, I'd like to short NXG @ open.

[Thierry Martin]

I guess I'm running it again, and shorting is OK with me!