CNBC Million Dollar Portfolio Challenge - Thursday, Week 9
[Scroll to the bottom for answers to today's Bonus Bucks trivia questions.]
Watch this space for today's updates, picks, and reallocation methodology.
So, after our wonderful Tuesday that rocketed some of our readers to the top echelon of traders, Wednesday was a fair bit hideouser. Even so, two of our flock remain in the top 25 - Carmen Florea at #12 and Khaled Helmi at #25. Jim McTiernan had ridden the airline rally into 23rd place, but Wednesday's selloff bumped him down to #32. Likewise, my airline-heavy portfolio slid from #72 to #126, going into Thursday's session.
If I'm missing you on either the weekly or the overall leaderboard, let me know so we can duly tout your performance.
Update: There are at least 4 contest-eligible earnings reporters on the menu today: Lawson Software (LWSN), Fastenal (FAST), Rockwell Collins (COL), and General Electric (GE). We'll be plucking those first two and mixing them in with our oil and airline baskets.
For today's weekly prize-seeking crowdsourcing participants, let's do this final reallocation according to the last digit of your zip code. I have no idea if the last digits of zip code are roughly evenly distributed or not, but that'll just be part of the thrill, eh?
- 1-3: CAL, AMR, UAUA, DAL
- 4-6: CAL, AMR, LWSN, FAST
- 7-8: GDP, CHK, GMXR, CLR
- 9-0: GDP, CHK, LWSN, FAST
Important: If you're using more than one portfolio for this project, kindly allocate the first portfolio according to the zip code scheme, the next portfolio to the allocation directly beneath it, and so on, until you've reallocated all participating portfolios.
For example: If you live in 10017 (hi, neighbor!) 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 9: Monday, Tuesday, Wednesday, Thursday
Week 8: Monday, Tuesday, Wednesday, Thursday, Friday
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
- Scoring Anomalies Resolved
- 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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Thursday July 10th
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 CNBC's "Top States for Business 2008," Texas is No. 1. Which state won the Most Improved State for Business title?"
Squawk On the Street: "Question: In a spooky Two-Way Street blog post on "omens," CNBC.com's Allen Wastler refers to which paranormal concept?"
Answer: All of the above
The Call: "Question: CNBC Stock Blog: On July 9, what did Dinosaur Securities' David Garrity say was the "real trade" in the iPhone story?"
Power Lunch: "Question: In Wednesday's Stop Trading post, Financials Fallout, which entity had Jim Cramer "consistently concerned"?"
Answer: Bank of America
Street Signs: "Question: On Wednesday, which strategist told Squawk Box Europe that commodities are likely to become "horrendously volatile"?"
Answer: Peter Toogood
Closing Bell: "Question: In Vince Farrell's post "Signs the Fed Will Defend Dollar?" he suggests what fate "could be avoided" by Fed action?"
Answer: "Another Bear Stearns"
Handcrafted by Flip on July 10, 2008 |
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