With the success of my March Madness stock contest, I decided to start a new longer contest called the Spring Showdown, which will run three months from April 1st until June 30th. Like my previous contest, the goal is to highlight some of Seeking Alpha's underfollowed contributors. The reason why I wanted to highlight underfollowed authors was to give back to the Seeking Alpha community. It has been a long journey to build my following to over 2200 users and I wanted to help others by using my followers to bring a spotlight on underfollowed authors. The entries for my March contest were very diverse and showed a number of different processes that investors use to filter investment ideas. Those include looking at macroeconomic factors, valuation, fundamentals, technical analysis and event-driven opportunities. For those interested in joining the contest the rules are right below this along with a link to the sign-up page.
1. The contest is open to contributors who have less than 1,000 followers at entry.
2. All entries must be in by the close on March 31st 2016.
3. Each person selects a stock from the S&P 500 (NYSEARCA: SPY) that they think will perform the best long or short during the period from April 1st to June 30th.
4. When submitting their pick, entrants must write a short paragraph or two, as to why they are bullish/bearish on their selected stock.
Entries can be submitted here:
After the entry cut-off, I will post everyone's selections as well as why they were bullish/bearish. In addition, I will conduct an analysis to find any patterns or trends that may be evident from the selections of the entrants. For example, in my March contest there was a clear bias towards Oil-related stocks, a tilt towards value stocks and a 50/50 split between those stocks that had outperformed the S&P 500 YTD and those stocks that had underperformed the S&P 500 YTD.
What does the winner receive?
I will interview the winner about his/her contest selection in detail as well as general questions about their investment strategy and post it on Seeking Alpha. By interviewing the winner and posting it for everyone to read, they should hopefully see a large increase in their following.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.