This contest is now closed. Click here to follow the stock contest leader board. Good luck to all participants!
First of all, congratulations to Rachel Campbell whose stock pick, Dendreon (DNDN) went from $4.58 to $26.28 — an increase of 473.8%. For winning the contest Rachel will receive $300.00.
2009 was a very interesting year. Only 26 people picked stocks that didn’t go up. Included in the list are some pretty smart and successful people. That list includes: Steve Schlesinger, my dad, Todd Biederman, Ed Case, Greg Horvath and yours truly. Yes I made the list and was MUCH closer to the worst pick than the best – shows what little I know.
To participate in the 2010 contest, here is what you need to do:
Respond to the blog with your stock name and if possible symbol.
State the reason why you picked the stock you did. It’s as simple as that. We’ll do the rest.
A few things to remember:
- You need to respond by 7:00 PM CST January 18, 2009
- You can only have one entry
- The stock price needs to be at least $1.00 – anything less will not be accepted into the contest.
- Only one person can have a particular stock, so the person who responds first gets the pick and we will notify anyone who has a duplicate stock (we had at least 10 duplicates last year and I am sure there will be more this year).
- If a stock splits, we will make the necessary calculation and adjustment
- If the company you pick gets acquired during the year and their company doesn’t have their own stock price, you won’t be counted in the contest
- We will use the stock prices as they were at the time the market closed the last trading day of 2008.
- Like last year we will post a leader board.
First prize will be $300.00 for the person whose stock goes up the highest percentage in 2010.
I will get the ball rolling with my choice for the 2010 contest: Omnicom (OMC). With the challenging economy I believe we are poised for a strong 2010!
Take the stock challenge of 2010! Get your entries in today!
Again, the deadline is 7:00 PM CST, January 18th.