so i think i mentioned that CNBC has this million dollar investment portfolio challenge. basically, i think it runs about 10 weeks, and you have a million fantasy bucks to try and pump up as much as possible. for the first three weeks of the contest, i haven't been doing anything, but i recently decided to start playing.
last week, i scored on a few big plays.
RBN and BLUD- both posted double digit percentage gains, and i sold after each bounce up.
total for the week- up a bit under 30%. That was not good enough to win the week, probably because I started playing on Wednesday of that week.
However, I'm starting to play from Monday for this week, because the weekly percentage gain winner is awarded 10,000. Also, the weekly winner gets to play in the end for 1,000,000 dollars.
My first play for this week was WDFC, which I bought on Friday, and I believe it counts as the percentage gain for THIS week. After hours, it released great earnings. The stock is up 17% right now as I write this. My portfolio is up 34% without this gain, so at the end of market today, I should be at about +50%, or 1.5 million. The leaders of the entire contest are at about 2.7 million right now, so I have a bit of a way to go if I wanna catch up.
Time to grind it out, lets do this.
Monday, April 9, 2007
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