Welcome to the first stock tipping competition of the new year!
Knobby22 has surged to the lead in this month's competition with his selection QAD having achieved a 75.68% return so far! Rounding out the top three we have noobs in second place with EDE and a 56.86% return and insider currently running third with his selection MTN having achieved a 50.81% return so far this month. Will Knobby22 be able to hang on to the top spot as we head into the final few days?
The January competition is once again being sponsored by StockScan, a web-based ASX stock scanning utility. As a member, you can set up 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 entrant whose selected stock performs the best in percentage terms between January 1 and January 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 December 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!