CNBC Million Dollar Portfolio Challenge - Monday, Week 8
[Scroll to the bottom for answers to today's Bonus Bucks trivia questions.]
Watch this space for today's updates, picks, and reallocation methodology.
Criminy. How about that Robbins & Myers (RBN)? Halfway through the seesion, it's up 21% on a Street-crushing third quarter earnings report and fourth quarter guidance.
That's not just good. That's David Brent good.
The RBN boost endows our Group 2 allocation from Friday with an imposing one-day gain of 7.8% (8.1% after adjusting for Bonus Bucks and currencies). Not a bad way to kick off this abbreviated Week 8.
We only had 3 groups on Friday, so anyone with at least 3 participating portfolios ought to have this allocation somewhere. Stay tuned for today's reallocations...
Update: 5 groups today, including some of our favorite airlines and oil stocks, as well as 4 companies that report earnings this evening or tomorrow morning, namely Russian telco Rostelecom (ROS), Investors Real Estate (IRETS), Standard Microsystems (SMSC), and MSC Industrial Direct (MSM).
Let's allocate according to the last digit of your phone number, as follows:
- 1-2: CLR, CHK, GMXR, GDP
- 3-4: CAL, LCC, UAUA, AMR
- 5-6: UAUA, AMR, SMSC, MSM
- 7-8: CLR, GMXR, SMSC, MSM
- 9-0: SMSC, MSM, IRETS, ROS
Important: If you're using more than one portfolio for this project, kindly allocate the first portfolio according to the birthday scheme, the next portfolio to the allocation directly beneath it, and so on, until you've reallocated all participating portfolios.
For example: If your phone number ends in 8, and you're using 3 portfolios, your allocations would be:
In all cases, each position should be set at 25%. Don't forget to enter your trades by 4 pm ET.
Consider all of the above to be for entertainment purposes and not meant to be used as real-world investment recommendations. The goals and strategies of the Portfolio Challenge are not to be confused with those of sensible investing.
See all related posts in the CNBC Portfolio Challenge archive:
Week 8: Monday
Week 7: Monday, Tuesday, Wednesday, Thursday, Friday
Week 6: Monday, Tuesday, Wednesday, Thursday, Friday
Week 5: Monday, Tuesday, Wednesday, Thursday, Friday
Week 4: Monday, Tuesday, Wednesday, Thursday, Friday
Week 3: Monday, Tuesday, Wednesday, Thursday, Friday
Week 2: Monday, Tuesday, Wednesday, Thursday, Friday
Week 1: Monday, Tuesday, Wednesday, Thursday, Friday
Week 0: Pre-game
- A New Fly In the Ointment
- Currency Trading Resumes
- More Technical Difficulties
- Prize Poll
- The Airing Of Grievances
- Technical Difficulties, Orders Cancelled
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Monday June 30th
Throughout the contest, each day's answers will be at the top of the CNBC Portfolio Challenge archive as soon as the questions are published, so bookmark accordingly.
Squawk Box: "Question: In his blog, Darren Rovell paid tribute to the late George Carlin. Which of Rovell's terms refers to options trades?"
Answer: Long straddle
Squawk On the Street: "Question: According to the blog post, "Air Products: Cutting Edge of Alt Energy?", how does Jim Cramer describe the U.S.?"
Answer: Saudi Arabia of coal
The Call: "Question: In the CNBC.com video "Go Short" how does Options University strategist Ron Ianieri define a "speculator"?"
Answer: "Everyone in the market"
Power Lunch: "Question: According to the CNBC Stock Blog "Powering Your Portfolio: Uranium" what is uranium miner Cameco's other business?"
Answer: Mining gold
Street Signs: "Question: In Fast Money's Web Extra video "Najarians Sweet Trade" which home builder rated the opinion, "I'd stay away"?"
Closing Bell: "Question: Which U.S. airline announced on Monday June 23 that it plans to lay off 950 pilots?"
Weekly Bonus Quiz:
Squawk Box: "Question: In shorting, the difference between where you sell a stock and where you buy it back is called _____."
Handcrafted by Flip on June 30, 2008 |
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