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skabar67

12/09/06 12:38 AM

#1394 RE: lentinman #1391

Len re trade of the contest award

That was pretty obvious freeze. When a stock is up about 200% on a bogus news, it doesn't take a genious to understand it's not going to last. In reality I wouldn't wait for the close and sell HCTL during trading hours for much higher gain, which would give me an easy PSL4 win. Now we are going neck in neck with Bobwins and is not clear, who is going to win. I placed most of my bets in healthcare sector, while Bobwins in metals. Healthcare sector showed strength recently, while metals are in pullback mode, so I hope there's a chance for me to win :)
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SSKILLZ1

12/09/06 1:27 AM

#1396 RE: lentinman #1391

Len, correct me if I'm wrong, but how could you classify that as the "Trade" of the contest award. A trade would imply he traded stock a to stock b. That didn't happen here he freezed a stock. You know me I'm always concerned with minutia. Actually if you said it would be the the transaction of the contest then I would have to agree. All is just my opinion, and I could always be wrong though.

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MSGI

12/09/06 8:37 AM

#1398 RE: lentinman #1391

Maybe my post earlier in the day got him to thinking freeze.
http://www.investorshub.com/boards/read_msg.asp?message_id=15142104
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nsomniyak

12/09/06 1:04 PM

#1399 RE: lentinman #1391

Len - I think Skabar made a great and timely trade--a great move that has helped him right to the top.

However, in both dollar and percentage terms there is no way this can be considered the trade of the contest.

He froze his position at a value of $P 2810 (*). That's +181% on a $P 1000 initial position. Since then HCTL has declined about 29%.

(*) $P = PSL-bucks

On 10/26, I traded my CEDA position, down 18.2%, or $P 818, into FRPT (Double down) at 6.80, adding 120.2941 (aren't spreadsheets great!) new shares of FRPT. FRPT closed Friday at 14.26, giving an unrealized gain of $P 897.39 on the new FRPT shares. So it would appear that my trade (so far) has a 10% higher return in $P terms than Skabar's trade, and certainly the over 100% gain in my new position compares well to Skabar avoiding a 29% loss on his HCTL position by freezing it.

CEDA has actually recoved since the trade, so there may be some second-order math to do if you got REALLY anal, but I'll take that triple digit gain in FRPT since my double and not look back.

Actually, while I really like that trade, I have no reason to believe that someone else did not do better along the way. I suspect that if you looked back at other contestants whose as-traded portfolio stands significantly higher than their original-if-untraded portfolio would theoretically be, you very well could find some trades that beat the one that I made.