Will the bear still be in control in June or will we see a rebound? That right ladies and gentlemen, it's time to start thinking about next month's stock tipping competition. We've had to delay the new trading competition a little longer so we will continue on with the regular competition in the meantime.
It's been a bit of a wretched month for the competition this month with only 10 out of 52 entrants in positive territory. Canny and Nicks are currently fighting it out for the top spot with only a few trading days to go.
The June competition is sponored by Otrader portfolio management software. Otrader 4.1 is a streamlined, easy-to-use portfolio management tool for stock, option, warrant, future and CFD traders. The new features in Otrader 4.1 allow you go way beyond your standard excel spread sheets by giving you advanced reporting and trade analysis. Trial it free for 20 days.
Lets quickly recap the rules:
1. You MUST have at least a minimum of 10 posts AND an average of at least 0.30 posts per day to enter. You can see your posts per day average by clicking on your user name and viewing your public profile... your average is displayed right next to your 'total posts'.
2. Each entrant may choose one ASX listed stock. Stocks with a price of less than $0.01 are ineligible for the competition.
3. The winner is the person whose selected stock performs the best in percentage terms between June 1 and June 30.
The first placegetter will receive a year's subscription to their choice of either AFR Smart Investor, Money or Your Trading Edge magazine (or $50 cash). The second placegetter will receive the runner up prize of $25 cash.
You have until midnight on May 31 to enter. Those who qualify, please post your entries in this thread. Remember, once you have selected your stock, you CANNOT change it for any reason.
Good luck to all entrants! May we see better results next month!