Seeking Alpha

Option Maestro's  Instablog

Option Maestro
Send Message
Marco is a trader of stocks, options, currencies, and futures. He has been fascinated with the financial markets ever since he bought his first stock at 11 years old. Marco entered the business world at the age of 13, with the creation of an extremely successful retail website... More
My blog:
Hot Trading Strategies for a Cold Market
My book:
Trading Options Made Easy
  • Dow Jones Industrial Average Contest Win $50 0 comments
    May 5, 2009 9:29 PM | about stocks: MMM, AA, AXP, T, BAC, BA, CAT, CVX, C, DD, XOM, GE, GM, HPQ, INTC, IBM, JNJ, JPM, MDLZ, MCD, MRK, MSFT, PFE, KO, HD, PG, UTX, VZ, WMT, DIS

    OptionMaestro.com Contest #1 $50 Giveaway
    What is the Next Company to be Delisted from the Dow, and which Company will Replace it?


    I think the Dow Jones Industrial Average (DJIA) is due for some new blood by year end 2009, as there are just too many of the 30 Dow components performing poorly. If one of these companies goes bankrupt they’ll certainly be delisted from the DJIA. Recent talks and data from the credit default swap market have assigned the highest probabilities of bankruptcy to: Bank of America, Citigroup, General Electric, and General Motors. Of course there are other companies with even greater risk of bankruptcy, but these are the companies with the highest risk of default among the Dow components. Whether one of these companies actually goes bankrupt or not, I still think the Dow is due for a reshuffle, and I want your guess on what you think for a chance to win some $!

    There are two ways to win some money from this contest: the first is the easier of the two and will pay $20 to the winner, and the second is a bit harder and will pay $30 to the winner.

    First part of contest: I want to hear which stock you think is next to be delisted from the Dow. Second part of contest: In the case a stock gets removed, I want to know which company will replace it.

    Feel free to participate in both parts of the contest!

    The rules for the first part of the contest ($20) are as follows:

    1. State your guess by commenting on the original blog post here, which of the 30 Dow components is next to get delisted from the index. You can view all of the 30 Dow components, 52 week highs/ lows, and most recent close price (last price during market hours) in a simple Excel spreadsheet. To download this spreadsheet click here. If you don’t think a company will be removed by December 31, 2009, state that and in case of a tie breaker also state what you think the DJIA will close at on December 31, 2009.
    2. In case of a tie breaker state the price at which the stock being taken from the index will close on the day before it is no longer in the index (Example: if a stock is taken from the index on September 18, 2009 state close price as of September 17, 2009).
    3. In case multiple companies get delisted simultaneously, the winners will split the prize money equally.
    4. In the case two or more individuals guess the first company delisted and the same price, the winners will split the prize money equally.
    5. You must be a resident of the U.S.A and must be 18 years or older.
    6. Money will be sent via Paypal so you must have a Paypal account.
    7. You must comment on this blog post with the name of the company only; however you must also email me at optionsmaniac@gmail.com with company name, closing price information (in the case of a tie breaker), and your Paypal email address. I will use your email address for identification purpose only and I will not send any unsolicited emails.
    8. The sooner you enter this contest the better. The ultimate deadline to enter this contest is July 3, 2009; however if a Dow component files bankruptcy, the DJIA is officially adjusted (or announced to be adjusted) before July 3, 2009, the contest will be declared over.

     

    The rules for the second part of the contest ($30) are as follows:

    1. State your guess by commenting on the original blog post here, which company will replace the company which will be removed first. In the case you don’t think a company will be removed by December 31, 2009 you don’t have to participate in this contest, but why not take a guess for $30?
    2. In case of a tie breaker state the price at which the stock being added to the index will close on the day before it is listed in the index (Example: if a stock is taken from the index on September 18, 2009 state close price as of September 17, 2009).
    3. In case multiple companies get listed simultaneously, the winners will split the prize money equally.
    4. In the case two or more individuals guess the first company added and the same price, the winners will split the prize money equally.
    5. You must be a resident of the U.S.A and must be 18 years or older.
    6. Money will be sent via Paypal so you must have a Paypal account.
    7. You must comment on this blog post with the name of the company only; however you must also email me at optionsmaniac@gmail.com with company name, closing price information (in the case of a tie breaker), and your Paypal email address. I will use your email address for identification purpose only and I will not send any unsolicited emails.
    8. The sooner you enter this contest the better. The ultimate deadline to enter this contest is July 3, 2009; however if a Dow component files bankruptcy, the DJIA is officially adjusted (or announced to be adjusted) before July 3, 2009, the contest will be declared over.

    Good luck! Please tell your friends and social bookmark this contest!

    Disclosure: Long BAC

Back To Option Maestro's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Time for profits... I can raise cash and be patient or pay down debts as I wait for a corrction.
    Nov 18, 2013
  • Ugly weekly candle stick with slightly heavier volume... Use caution
    Jul 28, 2013
  • $SPY $SPX put in a doji for the year... I'm expecting a huge range and a +/- 25% move either way this year
    Jan 2, 2012
More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.