SURVIVORQUEST: STOCKMARKET CHALLENGE (challenge #2)
Within the past month, the Stock Market has been MAJOR in the news. Rocking up and down as events in
DC and overseas shock the US MARKETS. Have you been paying attention?
Goliath has done took his big bag of gold shekels and set up TWO portfolio accounts. One for Team
Awesome and one for Team Cool.
Goliath used his shekels to set up a 'survivor' account each with 563 shares of Spider Gold or "GLD" for
each team. At the close of bidness today, each account was worth just over 100,000 dollars.
Your next challenge: is as follows:
1. Each team will select one team member who will be the team spokesman to Goliath
2. The team will decide whether it wishes to LOSE money or GROW money
The duration of the contest will be from Monday, August 29 until Monday Sept 5 at 4 pm.
3. After each team has decided who the spokesman is and whether to GROW or LOSE money
Your spokesman will notify Goliath of the decision.
4. After each the decision to Grow or Lose is made, The team will decide which stocks it will
buy with its 100,000 dollars. You will instruct Goliath on how many GLD shares to sell and
how many shares of your selected stocks to buy.
5. During the following week, your team may sell and buy stocks. (NOTE: If Goliath gets your
buy or sell order midday, he may or may not be able to make the adjustments in your portfolio
of the price at midday. But, he may try. In any case, Goliath will make the trades in the evening.
Please make sure the trades 'match' that is, if you sell 1000 dollars worth of Stock 'A' you
give an instruction to purchase a whole number of stocks that MATCH 1000 dollars.
If you tell Goliath to buy 1000 shares of XYZ stock ....but the sale of your 'A' stock produces only
enough to buy 999 shares of XYZ...then Goliath only gonna buy 999 shares. Any money left over
when trades are not exactly even will be lost. (Goliath is not going to keep track of every fifty cents)
PLEASE NOTE: If you sell $1000 worth of Stock A but only instruct Goliath to buy $500 worth
of Stock B, under this rule, you will lose $500 as Goliath is not keeping a cash reserve for either team.
Thus, it would be wise to make sure you put the balance in SOME stock even if only to 'hold' it.
However, if your team has chosen to 'LOSE" money, Goliath will place any excess money into GLD shares or some other stock to prevent Losses by artifical manipulation of Goliath rules.
6. On Monday, Sept 5 the challenge will conclude. The team with the greatest difference between the
amount they began with on the previous Monday is the winner....SO LONG as The difference is in the
direction they stated (GROW OR LOSE).
Example Team "A" started with 100g. They opted to Grow They have 105,000 at the end of the week.
Team "B" started with 100g They opted to LOSE they have 94,000 at the end of the week
TEAM B is the Winner.
Example 2 Team A opted to GROW they end the week with 97,000
Team B opted to Lose they end the week with 101,000
TEAM B wins
7. Goliath will periodically post trades and TEAM PROGRESS up through the conclusion
8. In the unlikely event of a 'tie' both teams lose and have to vote to eliminate one player from their team.
9. Only available are NYSE and NASDAQ stock markets. No Option or commodities or bonds. Just STOCKS!!
HERE's a MORE 'BLOG FRIENDLY' PORTFOLIO
- My Portfolios --
Team Cool
Performance
Symbol Last Trade Change Volume Shrs Holdings Value Day's Value Change Price Paid Gain/Loss Related Info
GLD Aug 23 177.67 0.00 1,176,003 563 $100,028.21 $0.00 0.00% 30.00 $83,138.21 492.23% Chart, Message, Profile, more...
Total $100,028.21
Team Awesome
Performance
Symbol Last Trade Change Volume Shrs Holdings Value Day's Value Change Price Paid Gain/Loss Related Info
GLD Aug 23 177.67 0.00 1,178,645 563 $100,028.21 $0.00 0.00% 30.00 $83,138.21 492.23% Chart, Message, Profile, more...
Total $100,028.21
DC and overseas shock the US MARKETS. Have you been paying attention?
Goliath has done took his big bag of gold shekels and set up TWO portfolio accounts. One for Team
Awesome and one for Team Cool.
Goliath used his shekels to set up a 'survivor' account each with 563 shares of Spider Gold or "GLD" for
each team. At the close of bidness today, each account was worth just over 100,000 dollars.
Your next challenge: is as follows:
1. Each team will select one team member who will be the team spokesman to Goliath
2. The team will decide whether it wishes to LOSE money or GROW money
The duration of the contest will be from Monday, August 29 until Monday Sept 5 at 4 pm.
3. After each team has decided who the spokesman is and whether to GROW or LOSE money
Your spokesman will notify Goliath of the decision.
4. After each the decision to Grow or Lose is made, The team will decide which stocks it will
buy with its 100,000 dollars. You will instruct Goliath on how many GLD shares to sell and
how many shares of your selected stocks to buy.
5. During the following week, your team may sell and buy stocks. (NOTE: If Goliath gets your
buy or sell order midday, he may or may not be able to make the adjustments in your portfolio
of the price at midday. But, he may try. In any case, Goliath will make the trades in the evening.
Please make sure the trades 'match' that is, if you sell 1000 dollars worth of Stock 'A' you
give an instruction to purchase a whole number of stocks that MATCH 1000 dollars.
If you tell Goliath to buy 1000 shares of XYZ stock ....but the sale of your 'A' stock produces only
enough to buy 999 shares of XYZ...then Goliath only gonna buy 999 shares. Any money left over
when trades are not exactly even will be lost. (Goliath is not going to keep track of every fifty cents)
PLEASE NOTE: If you sell $1000 worth of Stock A but only instruct Goliath to buy $500 worth
of Stock B, under this rule, you will lose $500 as Goliath is not keeping a cash reserve for either team.
Thus, it would be wise to make sure you put the balance in SOME stock even if only to 'hold' it.
However, if your team has chosen to 'LOSE" money, Goliath will place any excess money into GLD shares or some other stock to prevent Losses by artifical manipulation of Goliath rules.
6. On Monday, Sept 5 the challenge will conclude. The team with the greatest difference between the
amount they began with on the previous Monday is the winner....SO LONG as The difference is in the
direction they stated (GROW OR LOSE).
Example Team "A" started with 100g. They opted to Grow They have 105,000 at the end of the week.
Team "B" started with 100g They opted to LOSE they have 94,000 at the end of the week
TEAM B is the Winner.
Example 2 Team A opted to GROW they end the week with 97,000
Team B opted to Lose they end the week with 101,000
TEAM B wins
7. Goliath will periodically post trades and TEAM PROGRESS up through the conclusion
8. In the unlikely event of a 'tie' both teams lose and have to vote to eliminate one player from their team.
9. Only available are NYSE and NASDAQ stock markets. No Option or commodities or bonds. Just STOCKS!!
HERE's a MORE 'BLOG FRIENDLY' PORTFOLIO
- My Portfolios --
Team Cool
Performance
Symbol Last Trade Change Volume Shrs Holdings Value Day's Value Change Price Paid Gain/Loss Related Info
GLD Aug 23 177.67 0.00 1,176,003 563 $100,028.21 $0.00 0.00% 30.00 $83,138.21 492.23% Chart, Message, Profile, more...
Total $100,028.21
Team Awesome
Performance
Symbol Last Trade Change Volume Shrs Holdings Value Day's Value Change Price Paid Gain/Loss Related Info
GLD Aug 23 177.67 0.00 1,178,645 563 $100,028.21 $0.00 0.00% 30.00 $83,138.21 492.23% Chart, Message, Profile, more...
Total $100,028.21
Comments
It's distorted to me.
GLD 177.67 563 Shares Value: $100,028.21
For both teams.
Brian Coffman
You guys might have to text me updates...Phone calls are $5 per minutes, so text would be much more appreciated!! :)
Your team has 563 shares of GLD. It's worth just over 100g.
Now there is a table showing up on my screen!!
maybe by next Monday when the contest is over I will have it perfected! LOL