Greetings ASFers... March is almost upon us and it is now time to throw your hat into the ring for next month's competition! This month sees the introduction of a new rule - the number of entrants is to be capped at 100. (Chicken, there is a capper at work in this thread! ) The competition has been growing at such a rapid rate that it is becoming a little unwieldy with so many entrants, so I have made the decision to limit entries to 100... although this may change if I ever figure out a way to automate the process so it doesn't take me forever to collate the entries and enter them into the database manually. Any programmers want to donate their services?
There's only a few trading days left this month and we have two entrants locked in a fierce battle for the top spot. Steven1234 is currently in first place with his selection TRF, having achieved a remarkable 77.63% return during February so far. Nipping at his heels in second place is kevro who chose VMS and has achieved an impressive 72.58% return. Rounding out the top three is stockmaster with a solid 62.79% return on his pick WMT. With 10 entrants having achieved a return of over 40% this month it looks to be an interesting finish for the February competition!
Once again the good people at StockScan are sponsoring the stock tipping competiton again this month. StockScan is a unique 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 much more. Please support the competiton sponsor by paying them a visit to see what they have to offer!
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 March 1 and March 31.
4. The maximum number of entrants in the competition is 100.
The first placegetter will receive a year's subscription to their choice of either AFR Smart Investor, Money or Your Trading Edge magazine... or a $75 gift voucher to be spent at the ASF Investment Shop (or $50 cash if you prefer). The second placegetter will receive the runner up prize of $25 cash.
You have until midnight on February 28 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.
The best of luck to all entrants!