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]

Originally Posted by 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.)

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