AllStarPortfolio - Thank you GMX
May 12, 2009 at 5:08 PM, goldminingXpert (100.00) wrote: Jaguar Mining-- JAG.
GMX, you were the first person to just pick a stock for this portfolio. You did it on your first post to my first post. Your initiative was possibly critical to this whole (little) thing happening. Thanks
One green thumb per person. Minimum Time Frame 6 months. Players are free to change the pick as often as caps permits. No Ultras (FAZ was picked before the discussion was finished, and will be closed soonish). No Bear ETFS.
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
IF A PLAYER FALLS BELOW RATING 80, AND THE PICK IS IN THE RED, THE TOP RATED FOOL OF THIS ACCOUNT CAN DECICE TO CLOSE THE PICK. If the Top Player does not want the task, it will be given to the highest ranked player in the account willing to accept it.
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 am willing to share the password with a few someones, if they would like, to facilitate timing.
25+ 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.
Also, we have received 83 Groupies, and 131 pitch recs in less than a week. Not bad? And if i told you everybody that has picked this account as a favorite. . . well let me just say that, "be there, or be square" comes to mind. Over half of the top twenty players have favorited this account, and that sounds to me like a vote of confidence.
There has already been some interest shown in making an 'Investment Vehicle' to work with this portfolio. We have opened a google group to discuss the possibility. To keep static to a minimum we have created it as a private group discussion. To be invited to the discussion, please send your screen name to email@example.com and ask for an invitation. Thanks.
One idea i like is to start a private corporation, and use a model like foliofn, wherein we would create the portfolio with equal wieghts, and folks would be able to invest any amount they want, receiving partial shares.
Well i was going to make a blog today that said, "NO MORE RULES" but that might have to wait, because this morning UltraContrarian picked CBEH.OB . Now, i think that he is as good a player as any in caps (did you know that he only picks green 1-2 stars and red 4-5 stars?), but we have had a question about setting up a real life money account and volume on .PKs.
My friend here in town is a successful chartist, and part of his screen is to demand $70,000 a day from his screen. Now CBEH is worth $4.10 and traded 16,530 shares yesterday, coming to $67,773, which would have slid under my friends screen, but essentially fits his profile.
Of course i posted UC's pick, but does anyone want to talk more about limiting .PK, or .OB picks to volume? how much?
I plan to try and finish this discussion about rules/guidlines and encourage future rule questions be taken to the google group. Then we can just talk about the stocks and stuff here.