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2014 March Madness Trading Contest

|Includes:DIA, IWM, QQQ, SPDR S&P 500 Trust ETF (SPY)

Contest Rules

Every person that enters picks 1 stock/ETF that meets the below selection criteria by the CLOSE on FRIDAY MARCH 7th. Picks should be posted in the comment section of this instablog. No Stock Pick Repeats! Once a Stock is chosen by a user, no one else can choose that stock. I will be taking the first 64 Entries I receive for the contest. I will calculate returns with the starting price being from the close on Friday March 7th, and for each subsequent round I will calculate returns from the Friday close of that given week. I have created a Google spreadsheet for the trading challenge, and is able to be viewed by everyone.

Bracket Link: https://docs.google.com/spreadsheet/ccc?key=0AphdhVxTO0uudGd4RUg5bjNud1VGU00tb3hQcjVmdEE&usp=sharing

Seed Ranking

As anyone who watches the NCAA tournament knows each team is assigned a seed number ranging from 1 to 16. So for this contest I will calculate each seed by the following method:

  • I will base each users seed by their article count, so based on 64 user, the top 4 people with the most articles will get 1 seeds, the next 4 will get two seeds and so on.
  • For users that have not submitted an article I will put their name in a spreadsheet and use a random generation tool to determine their seed.
  • If I dont get 64 entries I will randomly choose a stock[s] from the DOW to fill any open spots.

Stock/ETF Selection Criteria:

  1. Only LONG or SHORT a stock, and No shorting a ETF.
  2. Price of atleast $1/share
  3. For stock they must have a market cap of atleast $100 million
  4. Traded on the NYSE, NASDAQ or AMEX
  5. No Closed-End-Funds

Good Luck Everyone!!

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: SPY, QQQ, IWM, DIA