BTS Quarterly Report:
REVIEW:
The last 3 months featured another round of fabulous stock picking by the membership, with CanadaGreece leading the way with his blow out pick GWRX, with 2 great gains of 536% and 191%. More on the Top Gun and Challenge picks below.The overall sentiment within in the club was bullish at the start of the quarter with some concern that a major correction could happen during the dog days of summer.As we reached the midway point of the quarter there was a sense of caution beginning to surface. As concerns of over valuation after the huge run up in the markets where starting to manifest itself in the BTS Challenge and over stock picking, as more conservative plays where being brought up. Gold and Silver and Natural Gas stocks were being featured more and more and bought. Along with short plays in both stock picking and the BTS Challenge.
Overall the membership seems bullish long term but also seems like there is a wave of caution within the membership.As reports from our chat sessions do not indicate that the economy has really turned north just yet. The BTS membership covers all of North America and we also have a member or 2 in Europe. And up to now, no one has reported any significant progress in their local, state, providence economies. Its seems more or less according to the membership that the economy is in a bottoming stage. Which might explain the concerns of a market going up to fast.
Of course we would love to hear about your local and state or providence economy, the more info the membership can gather , the better for all.
MEMBER DELETIONS: As good as the quarter was, it didnt go on without a few mishaps. Unfortunately, Yahoo had a glitch in their system that inadvertently caused massive membership deletions. Over 75% of the club got wiped out in one day. The BTS management team worked very hard and diligently to get everyone back on board. We did manage to get a lot of people make it in, as many invites were sent out. But because some members didn't up date their e-mail address, some never got the invite. And some choose not to rejoin.
If you are a BTS member and cannot access the club, and didn't receive an invite, please e-mail us, and we'll send one right to you.
Someday we'll have our own server and message board, but until then, we will still meet in Yahoo BTS and Ihub BTS.
Whats New in BTS:
The BTS TOP GUN CHALLENGE
We will be going to a 3 month challenge format, as opposed to our monthly challenge. Its basically the same as the old BTS challenge, but with a different and hopefully an exciting twist.
We will still have our monthly challenge, but, we will be keeping track of the winners on a quarterly basis,plus giving out bonus points to any Top Gun winners who post winning picks during a month. So you can accumulate points 2 ways.... One by winning a monthly challenge, the 5 and over, the 5 and under or the penny pick.
And you will also get bonus points for each stock posted as a win on the Top Gun List on our home page on Yahoo and Ihub.
Every month points will be tabulated, and after 3 months the BTS member with the most points will be deemed the TOP GUN for that quarter. We will run this for a year, and will tabulate points for the whole year also. So after one year, the BTS member with the most Top Gun points will be the " BTS TOP GUN OF YEAR"
We will also be awarding BTS TOP hats for every winner each quarter, and a BTS TOP GUN Warm Up Jacket for the yearly winner.
IMPORTANT NOTE: Need your opinions on this, we would like to get the clubs impute on this before we decide to implement this or not.
We are also considering initiating a LOCK IN rule, so that if one of your challenge picks has a good run and you want to lock that price in for the challenge you can. So all you would have to do is post in BTS. By using the header Locking in XYZ @ what ever price it closes on for that day..... if you do not lock in your price, then what ever your stock closes at the end of the challenge will be used.
So please leave a message in the club whether or not you would like to see the Lock In rule a part of the Top Gun Challenge.
Here are the rules:
1.Here are the rules, as filed in the club-
BTS Challenge Guidelines and Top Gun explanation
The purpose of this challenge is to foster excellence in stock
picking and trading.
Categories:
(U.S. or CDN. Equities)
$5 and over
$5 and under
Pennies
Guidelines
All picks must be accompanied by a closed price. Picks made during
the trading session will need to be reposted with that days close.
Picks must be in by midnight EST 3 trading days after the 1st of the
month. This can be extended to a Monday if the 3rd day falls on a Non-Trading day. Say( the 1st falls on a Thursday, 2nd Friday--weekend,
then the 3rd day would be the Monday at Midnight EST) . Picks can be
long or short from all equity types. We would prefer normal stocks
that have a traceable symbol. Funds like ETFs apply as well. We have
found that options are difficult to track and do not support these in
the challenge yet. We will include "real" option trades in the Top
Gun Standings. Picks must be 1 per category but if you only have 2
picks or 1 pick; say a penny pick that's OK too. We would encourage
you to trade, fake trade and or monitor your picks and as per all BTS
recommendations or picks' DD is required. Keep us aware of the action
even if it's not happening. This is how we share our experience on
how to deal with matters as such. If the stock has been profiled in
the club then it should be stated and the info should be pointed out.
Many members actually buy their picks but this is not mandatory. If
you have any questions please post them in the club and a member will
be happy to assist you. We will post updates weekly at the end of the
trading sessions on the main page and intra-month winners at the end
of the month along with the general month end high winners.
Top Guns
This is the section where actual picks that members have bought and
traded in "Top Gun Style" are honored. We will post these winners and
keep them in the lights for 2 months consecutive. We require you to
post an MSG. that has Sold as the first word in your post so we can
search them and post them.: NO EXCEPTIONS!!
2. You can use the Lock In Rule for each challenge, but if you do not choose to use it, the closing price on the last day of the challenge will be used.: THIS IS SUBJECT TO REVIEW BY MEMBERSHIP AND ACCEPTANCE BY BTS MANAGEMENT.
3. No additions or deletions once your challenge pick is posted. Sorry no exceptions.
4. Closing prices will be used on the challenge picks.
5. On the Top Gun winners, only picks with DD will be allowed and awarded points( these are picks that are posted as buys, then sold.).
6. We will be using closing prices and will not include any type of dividend, the challenge and Top Gun winners list will use share price only.
7. You must be a BTS member....so if your not, you must join the BTS Yahoo club.
Picks can be posted on Ihub, but to be valid you must post them in Yahoo BTS.
8. Results and updates will be posted on both the Yahoo and Ihub board.
9.Buy And Sells: posted in the club will have a limit of 2 sells per stock choice.
Example: you post bought XYZ at 1.00, then post sold half of position at 1.40, then post sold other half at 1.60.
The Point System:
:
BTS Monthly Challenge Points for each category.
1st place: 5 points
2nd place:3 points
3rd place :1 point
Hat Trick: 5 Bonus Points
BTS Top Guns:Each Month
Winner for each month 5 points
10% gainers: 1 points
20% gainers: 2 points
30% gainers: 3 points
40% gainers: 4 points
50+% gainers:5 points
Participation bonus: 1 point
The Awards:
We hope to see a lot of members participate. If by chance you miss a monthly challenge, don't quit, remember the TOP GUN CHALLENGE is 3 months long, and the way the point system is set up, all it would take is one good month to get in the race again.
Under Consideration:
A monthly review named " IN THE ZONE" where we will be e-mailing out at the end of every month a report on who is hot in BTS. This would include the members winning picks from the previous month and what stocks they have recently bought.
Also included will be updates for the Top Gun Challenge.
There will be no DD included in these reports, so you will have to log on to BTS to get the research for all the stock picks mentioned.
We will let everyone know if when we will do this.
BTS Challenge Winners:
May 2003
Over 5: NFLD Streetshooter +10%
Under 5: APT Timhyma +11.90%
Pennies: SIRA Timhyma +31%
June 2003
Over 5: RADA Canadagreece+15.38%
Under 5: PQUE Timhyma +67.86%
Pennies: TFSM Canadagreece+65.31%
July 2003
Over 5: NTES Canadagreece+32.28%
Under 5: CHTR Canadagreece+32.24%
Pennies: GWRX Canadagreece+27.27%
Special Congrads to Canadagreece for winning the 2nd ever BTS Challenge Hat Trick!!! For the month of July.
Top Guns:
May 2003:
Timhyma:SIRA+61.33%
CanadaGreece:COVD+55.39%
lllllvan.DYN+31.90%
Streetshooter: LMT Call Options:+28%
CanadaGreece:SIRI+17.80%
CanadaGreece:STEM+15.29%
June 2003
CanadaGreece:GWRX+536% BEST PICK FOR THE QUARTER!!!!
CanadaGreece:GWRX+190%
Streetshooter: VITX+117%
Streetshooter: TRIB+116%
Streetshooter: VITX+72%
Timhyma:XYBR+44%
Streetshooter:MVIS+35%
Timhyma:PQUE+12%
Timhyma:WGA+6%
July 2003
Canadagreece HPON +122.2%
Streetshooter MCKC +74%
Canadagreece HPON +66.66%
Timhyma OPWV +66.2%
Timhyma PQUE +51.5%
Canadagreece BVRT +41.9%
The Fast One BSQR +40.4%
Timhyma XYBR +38%
Canadagreece OPWV +38%
Timhyma MTMD +35.8%
Canadagreece OPWV +35.8%
Timhyma OPWV +34.2%
Timhyma PQUE +34.2%
Timhyma BGO +30%
CanadaGreece CHRT +20%
Over all a fantastic quarter for the BTS Hot hands!! As CanadaGreece and Timhyma lead the charge to beating the street by a large margin with 11 wins posted for the Q.
Streetshooter posted 6 wins for the Q on the strength of a very solid June.The FASTONE and lllllvan also posted a win for the BTS 2nd Q.As the numbers clearly show, BTS was very profitable in the last 3 months of trading action.
Don't think to many fund managers can make the same claims!!!
Great going guys!!!
In closing we like to thank everyone who as participated in BTS for the last 3 quarters.And even though we had a challenging period with the club deletions we still found a way to over come the problems associated with technical difficulties and got the members back in the club who wanted to remain a BTS member. But will still are missing a few people, so if you haven't got an invite or forgot to notify us, please send us a e-mail and we will send you an invite pronto!!
Going forward into the 2nd half of the year we have a lot of new things that will be included in the club forum that will hopefully add more enjoyment to your BTS experience.We also would like to expand the membership and we will be having a membership drive soon, so if you know of any one who you think would enjoy BTS and would be asset and participate on a regular basis,please feel free to request an invite on the BTS board and we will send an invite out to that person.
And as always, feel free to make suggestions that would improve the BTS experience.
Again we thank you for your participation and look forward to another great Q for all BTS members!
Sincerely,
BTS Management.
AI
