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Kontiki
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Canada
Aug 2001
time: 00:37
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Start screaming "profit is unfair tax!" over and over again in class. Maybe they'll give you $50 to stop.
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Flubber
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With a view of the Rockies
Aug 2000
time: 22:37
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Nope the thread title was not an illusion. I feared I was beginning to hallucinate
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Flubber
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With a view of the Rockies
Aug 2000
time: 22:37
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Seriously though, if you want some answers you need to give some parameters as to what the contest entails. For instance, how long is is and how much play money would you use? Also is your goal to simply win (or do you have any secondary goals like to get a positive return ). . . You have to understand that stock pics would be very different if I were tryiing to make money with a good rate of return (and low risk). here my assumption is that you are willing to take a LOT of risk ( including the risk of huge losses) since your goal is to beat everyone else. For this type of game I would research a number of very small companies and pick a very small number of these. Risky as hell and not at all what I would do with real money but I'm guessing that what makes a good investment would not necessarily be the type of stocks that would win this contest.
My analogy is that you are in a home run contest so you are not going to care about your batting average
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mrmitchell
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Wal Mart
Tyson Foods
Acxiom
Murphy Oil
Dillard's
JB Hunt
No seriously, companies I would really pick if I were you:
Murphy Oil
Toyota
Raytheon
No idea on any of their stocks, but they're all solid as far as growing and making money...
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Kidicious
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Diety of Kidiverse
Mar 2003
time: 21:37
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I'm too busy to do a lot of research. I'm going to go all out on a very volitile small cap Home Health Care stock that looks like its on the upswing.
edit: Oh, I just found out that I can only invest 10,000 max in anyone security. I guess I need to find more. What industries do you guys suggest? Maybe that's an easier question.
Last edited by Kidicious on 14-09-2005 at 02:35
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Flubber
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With a view of the Rockies
Aug 2000
time: 22:37
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NINE WEEKS ??? NINE WEEKS !!!
That throws most of the fundamentals such as looking for a good strong long term investment out the window. Most of the bigger companies I fear would move too slow. The gain might come in your 9 week window or the day after your contest closes. Even if you think oil and gas were going to skyrocket, it may not do so in 9 weeks.
IMHO thats a useless investment strategy and if this is part of a course teaches exactly the wrong type of lesson. ( unless they want to teach that investing in 9 week windows is silly ) Essentially with a 9 week window any stock is more of a gamble than usual. So if you are going for the fences, I would look for stocks whether its oil or gas, tech, medical whatever that has some big make or break event that will occurr in your time window. You know, the drug company with the big announcement coming type of thing. The problem is that it has to be uncertain enough that the stock will jump or crash on the news. If you could find 2-3 of these types of stocks, you could win if one of them rocketed in price even if one of your others crashed bad.
I don't have a particular stock to recommend since I would never invest in this manner. Personally I remain heavily invested in oil and gas stocks and my decision to do that about 8 months ago has been very happy news.
Oh and I didn't know what you mean by "cap limit " being 5 bucks-- Do you mean your "purchases have to be for stocks that are either greater than/less than $5 per share??
personally I would go small cap for the greater volitility -- stocks like Toyota might do greta but I fear that they are just too large ( although Japanese stocks may do well if you can ride the positive news of the majority election)
The Japanese election is a minor example of an event that influences markets. If you can consider other events that you know can influence the market, you could start betting on the outcomes of important world events
Two other questions
1. Are you allowed to trade as much as you want or do you have to buy and hold. If you trade a lot, do you have to factor in commissions or any transaction costs
2. Can you buy/sell options? That might be a way to cash in if you believe a stock is going to take a tumble
My approach is predicated on the idea that you don't care if you "lose everything" and also that some schmo will make a pick that will get him a 50% return
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Flubber
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With a view of the Rockies
Aug 2000
time: 22:37
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quote:
Originally posted by Oncle Boris
Flubber-
Don't be greedy and risk losing all your profit - pocket part of it. |
Oncle Boris
Already done . . . I don't like my oil stocks as much now as I did 8 months ago so I did sell some but both Nexen and Encana are being touted as takepover targets. They are still worth a look but I wouldn't recommend them for Kids game since they may not rise much in the 9 week window. Heck if Opec can deliver on additional production and the US Gulf production gets going again, oil could tumble a bit in the next 9 weeks before strengthening again in the winter
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13-09-2005 22:05
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