Get ready, set, start trading!

Tomorrow we start trading in the CNBC million dollar portfolio challenge. So far I've created 3 portfolios. One portfolio is for bottom fishing high quality stocks at a low price. To make it into the bottom fishing portfolio companies must have a relatively high cash position with low or zero debt (value stocks). My second portfolio is to catch momentum stocks, should one ever appear during the contest that is. And my third portfolio is to cash in on stocks reporting earnings. Quick earnings movers helped me rank in the top 0.1% last time around in the CNBC challenge. My remaining 2 portfolios will remain in cash in hopes that the market continues to tank so I can load up at the bottom should I be lucky enough to guess it. Good luck everyone.

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By Sam on November 16, 2008 5:24 PM | | Comments (0) | TrackBacks (0)

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About this Entry

This page contains a single entry by Sam published on November 16, 2008 5:24 PM.

CNBC million dollar portfolio challenge (It's time for a new round.) was the previous entry in this blog.

Monday, November 17, 2008 CNBC Bonus Bucks Trivia Questions & Answers is the next entry in this blog.

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