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TMFContests (< 20)

The Made Off Contest

Recs

14

January 13, 2009 – Comments (24)

Pick Requirements

All picks must be Underperforms.

How Many Picks?
You need 1 pick to be active in the contest, and you can have up to 13. Only underperform picks are allowed. Picks cannot be ended, though, so choose wisely.

Time Frame
This contest will run from January 9, 2009 to February 26, 2009, and the winner will be decided on February 27th.

Prize
If there are fewer than 1,000 players in the Made Off contest when it closes, the winner will receive one free year of Motley Fool Stock Advisor. If there are more than 1,000 players, the winner will get a check equal to the number of players (up to $2,000).

If more than 1,000 players enter this contest, the next contest will have a prize of $1,500, but if fewer than 1,000 players enter, the next contest will have a $250 purse.

Click Here to enter the Made Off contest.

24 Comments – Post Your Own

#1) On January 13, 2009 at 11:56 AM, UltraContrarian (31.26) wrote:

Not complaining but the last contest blog (Good Riddance 2008) made this claim:

"If more than 500 players enter this contest, the next contest will have a prize of $750, but if fewer than 500 players enter, the next contest will have a $250 purse."

There were 559 entries and as far as I can tell, this new contest is not abiding by the above statement.  Was that claim superseded by the latest one?

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#2) On January 13, 2009 at 12:20 PM, TMFCHarris (99.62) wrote:

Ultra,

AirForceFool did such a good job of rallying people to the 500 player contest, (which ultimately had ~600 players) that we thought we should give a higher goal and more time to reach it. Rather than a one month contest, the Made Off contest will run for a month and a half, so everyone has more time to solicit participation.

Fool on,
Chris

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#3) On January 13, 2009 at 12:43 PM, IBleedConcrete (34.35) wrote:

Of course your goal makes sense.  However if the statement in the previous contest was wrong, TMF should admit error and not make the same mistake again.

There is a difference between saying "the next contest will have a prize of $750" and "the next contest MIGHT have a prize of $750, or it MIGHT NOT, depending on factors not yet explained." As a stock advisory & data service, TMF needs to prove itself trustworthy every day.

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#4) On January 13, 2009 at 12:58 PM, hall9999 (99.23) wrote:

  Don't you mean, "The contest will run from January 13, 2009 to February 26, 2009?

  Why does TMF keep starting contest with no advance notice?  This one wasn't on the contests page last night.

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#5) On January 13, 2009 at 12:59 PM, ThoughtfulFool (< 20) wrote:

Normally I don't stir up trouble, but they are right.  Instead of "one free year of Motley Fool Stock Advisor", it should say $750.  You will still have the incentive to solicit participation with the prize of $1 per player if over 1,000 players, and the promise of "If more than 1,000 players enter this contest, the next contest will have a prize of $1,500", which, by the way, how would we know is true IF you don't follow through with the previous promise.  Personally, I won't be participating in any contests if TMF doesn't play by its own rules; if others feel the same way, how many participants will you get?

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#6) On January 13, 2009 at 7:48 PM, UltraContrarian (31.26) wrote:

TMFCHarris -

Please tell us whether the rules of the previous contest were abandoned by TMF, and whether the rules of this contest will also eventually be abandoned.

From the previous contest blog, found here: http://caps.fool.com/Blogs/ViewPost.aspx?bpid=106779&t=01008269385927020154

"If more than 500 players enter this contest, the next contest will have a prize of $750, but if fewer than 500 players enter, the next contest will have a $250 purse."

559 players entered that contest, so this contest should have a prize of $750. The value of a likely outcome of the current contest, a one year subscription to Stock Advisor, is $149.

(OK now I am complaining.  It bugs me to converse with someone who apparently skipped 95% of my previous post.  I have tried to make this one clearer for you.)

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#7) On January 14, 2009 at 6:07 AM, kristm (99.72) wrote:

The free subscription prizes aren't that great anyway - apparently since I'm a CAPS All-Star I got signed up for a bunch of Fool stuff for free. Now there are something like 6 e-mails a day coming into my box. I've basically abandoned an e-mail account because I kept saving them to read later and never had the time, now it's crammed full of Fool e-mails and I don't have time to go through and delete them one by one. I'd rather win the cash, or just get some recognition, than get more e-mail. Especially when I can't afford to buy any of the Stock Advisor recommended stocks anyway, what with me being dumb enough to work in the nonprofit sector during a recession.

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#8) On January 14, 2009 at 12:00 PM, TMFCHarris (99.62) wrote:

Ultra,

I'm sorry I misunderstood your earlier post. These contests have a prize threshold of n players, and a prize of Stock Advisor if that threshold isn't met. When the previous blog said that the next contest would have a prize of $750, it meant that the threshold (and the payout) would increase to 750 (as opposed to staying the same). It did not mean that the prize would be $750, regardless of the number of players participating.

I read your post and thought you had taken issue with the threshold being 1,000 instead of 750.

 

Kristm,

You can change your free email subscriptions here, or you can contact customer service (at customerservice@fool.com) and they can help you with your paid subscription emails.

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#9) On January 14, 2009 at 12:17 PM, woodszilla (< 20) wrote:

So meeting the goal of 500 participants in the last contest made it harder for a prize larger than Stock Advisor subscription to be available in this contest? 

You at least have to admit

 "If more than 500 players enter this contest, the next contest will have a prize of $750, but if fewer than 500 players enter, the next contest will have a $250 purse."

is really vague.  Using the words "the next contest will have a prize of $750" makes people think that, well, the next contest will have a prize of $750.

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#10) On January 15, 2009 at 11:20 AM, Mary953 (78.91) wrote:

I spent enough years in the public sector to be fluent in government-ese.  You did not leave yourselves any wiggle room here.  You stated that the prize would be $750, and the contest rules do not give further clarification.  I understand what you are trying to say in your comment, but it is not reflected in the actual wording of the contest rules anywhere.  I am certain that I will not be your winner, but your winner should be rewarded with a minimum of $750.  You should change your wording on this contest to reflect your actual intent.

The rule of thumb in government and law - If it's not on paper (or computer), then it doesn't exist.

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#11) On January 15, 2009 at 4:29 PM, Mary953 (78.91) wrote:

How about a prize of $750 worth of shares of stock chosen from last year's Stock Advisor recommendations, using the prices that the stocks closed at on the last day of the contest? 

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#12) On January 17, 2009 at 12:34 PM, Eudemonic (64.78) wrote:

This contest is aptly named given the obfuscation surrounding the rules. Hey I'm game: caveat emptor, cave fatuos, et res ipsa loquitur !

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#13) On January 18, 2009 at 8:17 AM, GraemesPSP (99.66) wrote:

I have to agree with most people here.  You did explicitly state that the next prize money would be $750.  You may be carrying the Madoff analogy a little bit too far by not paying that,

And of course damaging the Motley Fool brand.

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#14) On January 18, 2009 at 10:03 PM, Yehonatan (55.08) wrote:

Can i add to my picks? lets say i choose 2 now and want to add others next week. does that work?

thank you

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#15) On January 19, 2009 at 4:03 PM, bzhayes (99.13) wrote:

So.... if the last contest had less than 500 players, then new contest would only need to get 250 players to sign-up before it was in the cash?  So you are actually dis-incentivising (sp?) people to sign up for your contests?  Once you are in the cash, you get $1 per entrant... so it would be much better to have a 250 entraint requirement than something larger.  Since I am terrible at these contests anyway, I would like to remove myself from the contest so people next time people have a better chance at winning.

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#16) On January 20, 2009 at 5:23 PM, jddubya (< 20) wrote:

ARTC/ARTC.PK Hey I have this one pick that's ruining me!  This pick is killing me. How can I remove this pick or change it to the proper ticker? It was just delisted from nasdaq and should be ARTC.PK... ARTC traded at 6 on Friday and at the moment ARTC.PK is sitting at 3.25.... aaaaargh!!!

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#17) On January 21, 2009 at 10:41 AM, TMFCHarris (99.62) wrote:

Yehonatan,
You can add picks at any time until the contest ends, up to a limit of 13.

Jddubya,
ARTC has been updated, and should be reflected in CAPS soon.

As for the next contest, we will still be working to increase community partcipation by using tiered prize amounts, as we have done for the past nine months. The blog that announces that structure will be more explicit, though.

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#18) On January 28, 2009 at 10:57 AM, XMFCams (< 20) wrote:

It was explicit last time. Give the people the stakes they earned.

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#19) On January 28, 2009 at 1:45 PM, bzhayes (99.13) wrote:

I agree with TMFCams.... the Motley Fool should live up to its end of the bargain.  TMFCHarris is a joke!  You are trying to encourage participation by penalizing the next contest too many people sign-up for this one.

 You explicitely stated during the last contest that this contest would have a certain prize.  You have not lived up to that end of the bagain!!!!

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#20) On January 29, 2009 at 2:48 PM, synergize (30.03) wrote:

i think the top 3 players deserve a prize. you made two more people(instead of 1) feeling worthy of this contest

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#21) On February 02, 2009 at 4:29 PM, ThoughtfulFool (< 20) wrote:

Now that I understand the history of the contests (the consistancy of how prizes are awarded, etc.) and the intent, I think we should give TMF a break on this one.  As a newcomer to the contests, I wasn't aware of how the contests had been run in the past, but their intent on this one is consistent with what they have said and done in the past.  Past practice wasn't questioned, so they probably felt that their intent on their wording was understood.  Now if they do not change future wording on future contests, I may feel differently.  But they made a mistake that many of us could have made as well.  They stated that a prize of $750 will be offered in this contest and is being offered...as long as a minimum of people sign up...the mistake they made was not stating that this "string was attached".  I don't think they had any evil intent here (once did, but changed my mind); let's let this one go.

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#22) On February 06, 2009 at 1:11 AM, coralbro2 (< 20) wrote:

ok, the last contest stipulated that: "If more than 500 players enter this contest, the next contest will have a prize of $750, but if fewer than 500 players enter, the next contest will have a $250 purse."  That doesn't necessarily mean anyone wins the prize.  The prize is $1000, but it is possible that nobody will win.  TMF is NOT abandoning the rules of the last contest. 

It is like a carnival game with a giant stuffed animal prize.  That is the prize, but you might win, you might not. 

One more thing...  if you don't like the rules, don't play!

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#23) On February 20, 2009 at 1:45 PM, juliehowe (< 20) wrote:

I have a suggestion for the next CAPS game.  Players who get into the game at the last minute should not be treated as equals on the point scoring system.  I think the earliest players, and those who chose all 13 of their picks early in the game, should have this reflected in the way their points are calculated. 

Otherwise, you have latecomers piggybacking off the best stock choices made by the earlier players, instead of picking their own best choices.  Just a thought. 

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#24) On March 02, 2009 at 7:54 PM, ThoughtfulFool (< 20) wrote:

Those who enter later already have a disadvantage - they have less time for price movement.  So they have this penalty in points by the nature of the game.  On the other hand, it is possible that their entry timing might be better, and their delay on their picks may be a part of that.

If we are concerned about piggybacking, perhaps we just shouldn't be allowed to see each other's picks.  But we are able to see others' picks in CAPS and use that to our advantage - why not here?

(Full disclosure: I was one of those that used a bit of piggybacking and was a latecomer to the game.  I see no problem with it, as my "penalty" as a latecomer was "built in")

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