Time to start thinking about your entries for the October stock tipping competition!
With only three more full trading days left until the end of the month we have IGO4IT and kennas out in front fighting it out for the top spot! IGO4IT is currently leading with his selection AAR having achieved a return of 68.42% so far during September. Not too far away is kennas with his pick AEX which has seen a 55.26% return this month! Can IGO4IT hang on? Are we up for another cliffhanger? Lets hope so!
The October competition sees the introduction of a new sponsor for the stock tipping competition, StockScan, a web-based stock scanning utility. As a member, you can setup what scan(s) you wish to run at the end of each trading day. StockScan will automatically scan the ASX for you, notifying you by email of any stocks that match the criteria for your scans. StockScan also offers Direct Simulation backtesting, backtesting reports, stock and watchlist monitoring and more.
A quick recap of the rules for those not familiar with them:
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 October 1 and October 31.
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 September 30 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!