Every person that enters picks 1 stock/ETF at the beginning of the month. Picks should be posted in the comment section of this instablog post And each round of the contest lasts one month.
Stock/ETF Selection rules:
- Only LONG or SHORT a stock, and No shorting a ETF.
- Price of atleast $1/share
- For stock they must have a market cap of atleast $100 million
- Traded on the NYSE, NASDAQ or AMEX
- No leveraged ETFs
- No Closed-End-Funds
To advance to the next round (month) here would be the rules:
- Your stock pick MUST have a higher return than that of the (NYSEARCA:SPY).
- Your stock pick MUST have a positive return for the month.
So, only the best stock pickers will advance, the contest would keep going until there is 1 winner.
The goal is to highlight the best stock pickers on seeking alpha who necessarily dont have a huge number of followers but have real stock picking skills.
Below are two tables, the first the table of players from January, and the second is a table with everyone who made it to the next round with their picks and opening prices [open prices retrieved from Yahoo Finance]
|Chasing the Vig||Long||HLF||10.72%|
|Jim Van Naseum||Short||FSLR||9.05%|
|SA User Name||Long/Short?||Symbol||Company||Start Price|
|EW Barnaba||Short||BBY||Best BUY Co Inc||17.38|
|Bill Mauer||Short||HGSH||China Hgs Real Estate Inc||5.04|
|Matt Schilling||Long||GLW||Corning Inc||12.47|
|realornot||Short||APOL||Apollo Group Inc||16.81|
|Chasing the Vig||Long||HLF||Herbalife Ltd||39.66|
|mktlab68||Long||NTI||Northern Tier Energy LP||28.9|
|Brad Kenagy||Long||AGU||Agrium Inc||104.16|
|Jim Van Naseum||Short||FSLR||First Solar Inc||25.49|
|SPY||SPDR S&P 500||151.09|
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.