All Star Portfolio - Open for business - and SHOULD WE EXCLUDE ULTRAS?
To qualify for a pick you must:
Have a RATING of more than 99 on the day of pick
Be a "yes"man with a RATING of 98 or higher on the day of pick
Have at one time been a Top Fool
1. Have been a caps player for more than 6 months.
2. All picks MUST have a pitch, and a time frame.
Be in the Top Ten at the time of pitch
Players are free to change the pick as often as caps permits.
To submit a pick Players should attach their pitch to a blog from this portfolio, or indicate in this blog that they have one on their own page. I will then copy that to the stockpicks list on the quickstats page, so that it will be visible on both the stock page and the quickstats page. I will of course place your name, and score at time of pick on the pitch.
You can name your stock here, for dibs (will hold for 7 days), but i will not post the stock until you have made your pitch also (i will, for goodwill, post the picks that were made on the first blog post, and hope for pitches soon).
I am willing to share the password with a few someones, if they would like, to facilitate timing.
Currently we are waiting for a pitch from Goodvibes4ever on FAZ (if your not too busy).
16+ fools have already made a pitch, effectively 'cost averaging' and buying in even though it's 'not the best time'. I am grateful to those who jumped in right away, because though they may lose a little in the beginning, the project might have stalled without some starters. Several other fools have mentioned interest, but are waiting and trying to time the market.
We are already racking up a few charms, like the Favorite charm, and the coveted Most Helpful Pitcher charm.
I can barely wait to see what happens next!
On May 17, 2009 at 10:42 PM, UltraContrarian (99.89)
I would think FAZ goes against the spirit of the portfolio. Presumably you did not want to encourage downside market timing when you requested all green thumbs.
I'll do China Bio Energy (CBEH.OB) this week. Report this comment #5)
On May 17, 2009 at 11:00 PM, AllStarPortfolio (45.72)
I have been wondering about that FAZ pick myself. I am wary of making too many rules
I would be willing to make some sort of rule like that if there was enough discussion between the players already on the field, and folks wanting on.
My point with all green thumbs was to make an investment portfolio. Something safe, that you could feel free to ignore for a while if you wanted to. And FAZ certainly is not safe, or a long term investment, and could lose a lot lf money fast if it was not watched.
Incidentaly, GV picked FAZ and has not put up a pitch, or dropped by this blog since he did so. I hope that he does put up a pitch soon, and i hope he was right, because it could beat up this experiment before it even gets a good start (i personally think he is 'right' about the turn, but am still a little worried).
See, i fear that fools who see this portfolio will think that since FAZ is on this list it is a safe bet, and perhaps leverage, and lose. Ironic that GV didn't see the potential to lead the sheep astray, since he is always warning against Ultras.
SO WHAT DOES THE FOLKS THINK ABOUT AN EXCLUSION OF LEVERAGED ETFS? or some other little rule like that?