Portfolio of the week - 2008
This is the continuation of the POTW 2007 thread.
Regarding the POTW. I'll take the reins for awhile just so it doesn't go by the wayside. I'm going to make some changes to the way we play it and this is basically what they are. I'm going to loosen it up a bit. So put your entries in whenever you want to during the week.
If you are not in on time by the close on Mondays there will be a penalty adjustment to your final score on Friday. Some % for each day just to take up some of the advantage of having to hold a stock for less than the whole week. I'd like to put a bar at $2 for the cheapest stock pick. I would also allow you one stock trade a day if you want to. The two trade rule for the week will be the standard but if you want to go over that you may have 5 a week but only one sell and one buy per day. So if you sell or exit a trade in the morning you may buy another stock that day but only one. For each trade over the two trade standard there will be a penalty. I haven't given the penalties much thought yet but I think that 1% for the 1st late day which would be Tuesday. You get Monday for free. 3% for the 2nd late day which would be Wednesday. 4 % for the 3rd late day which would be Thursday. 5% for the 4th late day which would be Friday. So you could enter any day during the week but would be penalized as per the above.
Regarding the trades. Two trades per week for everyone. Each additional trade over two would cost you 2% for the 1st one. 3% for the 2nd one. 4 % for the 4th one. The amount of trades would be dependent on when your initial entry or 1st pick was put in for the week as to how many you would have remaining at one per day.
Regarding the time of entry and exits. I am going to use Stockcharts as the rule. Their opening prices are what I am going to use for each day. Their 1 min. chart for intraday prices as close as I can get to the correct price. If someone wants to debate the calls they may without any problem. They will have to substantiate the disputed price with their own proof. Anyone may dispute their's with stronger proof. But lets not let this become a big deal. It is only a game and at least you are still going to be in action here at MM's with the POTW.
So the POTW will continue as always here tomorrow morning. As always all are welcome to come and play. As far as I'm concerned you may curse, swear, argue, and do anything else that you want to do to make an ass out of yourself in any fashion you want or need. That's Karel's and Ernie's problem and not mine. Anyone that cannot stomach who and what we are doesn't have to play. I am willing to bet my life that Karel and Ernie will not let it get out of hand before they step in and either call you on it or ban you.
Any suggestions or thoughts regarding the penalties for placing late entries or the trade limits please open your mouths and post them. We can then all debate the issues and come up with an equitable solution. I hope everyone continues on with the game and enjoys some the the new changes to open it up some.
I will also keep a record of each weeks scorecard and the percentages for the week in an Excel or Google Doc file and hopefully everyone will have a place where it will be easy for each of you to look up your standing. Every now and then I will try to post the standing for the year to date. Everything else remains the same I guess. I don't even know what the other rules are.
I have 17 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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Dear Mr. Skiracer, sir
Originally Posted by IIC
