Stock Contest for class
The class is a money/banking/investment course. The teacher is having us do a stock contest where the winner (the person with the highest balance at the end of 8 weeks) gets 10 points added to their final grade, 2nd place gets 5 I believe. We must pick our initial securities on next Saturday with Friday's closing price. Rules:
- $50,000 portfolio, and all of it must be invested (none in cash)
- Must initially buy between 1 and 10 securities or ETFs traded on the NYSE/NASDAQ/ASE
- Must own at least $5,000 of each security/ETF.
- Every Saturday (and ONLY on Saturdays) we're allowed to buy or sell. There will be a $50 "commission" for each transaction. Can't do any trading mid-week.
- We ARE allowed to short.
There are only 6 people in my class but I figure the best chance of winning is picking 1 penny stock and hoping for the best, correct?
If anyone has any ideas of stocks that have a chance of going bust but also have a chance to do very well in a 2-month time frame it would be appreciated. I'll update my portfolio along with my classmates once per week.
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