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Savvy Pick 10 Contest #1

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Savvy Pick 10 Contest #1

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SSKILLZ1 PremiumMember
06/17/24 4:13 PM
Post #2
Re: #1: @Knowledge is King - Can you consider allowing short picks as well?
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Knowledge is King PremiumMember
06/17/24 3:48 PM
Post #1
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Savvy Pick 10 Contest #1 RSS Feed

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Moderator SSKILLZ1
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Savvy Pick 10 Contest #1

1) Pick 10 stocks, and declare one of them your top Pick, that pick will be weighted double compared to other picks, essentially it will be doubled down at the start of the contest.

2) Duration and Deadline of Contest:  Pick Deadline will be June 28th before the market close. The contest will start on July 1rst, 2024 and last till June 20th, 2025.

3) Trades: You get no trades in this contest. You can sell a stock at anytime. Just remember once you sell the stock the position is locked, you can't buy that stock back or any stock for that matter.

4) Cash can be 1 of 10 Picks and will get a 5% return overall for the contest.


Restrictions on stocks picks:


A) Minimum Share Price: .10


B) Minimum Dollar Volume: $10,000.00


C) Earnings are not required.

Other Info on Contest: 


1) Only Cash dividend of 5% will be accounted for (To be clear 5% or more in one dividend Payment, not a 5% or more annual yield).


2) All picks need to be done on this board and not via PM so that we have a record. Also, you can never be sure if whoever you send it to is even around or reading PMs. If you post it on the board, it is permanent and fixed in time.


3) All picks will be "blind" picks. By that, it means they will have to be based upon the person's best guess rather than by seeing what others have done. When the picks are made, they will be deleted (hidden) from the board. Once the deadline passes, all picks by each person will be shown in the Ibox.

4) 15% Rule still in affect. (The 15% rule is basically a rule to void a trade, if a stock you are Selling opens and closes more then 15% lower the previous day on no news. This rule is there for the sole purpose to stop someone from getting and advantage from a fluke trade or a really low liquidity situation. I rarely use this rule, with the minimum volume requirements of stocks entering the contest, but it is there for a just in case something happens even though I don't anticipate using it. 

5) Ideally once the contest starts and this is optional for everyone, people would write up why they like a little about each of their picks in the contest on the board. 
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