Which strategy works best in Yalicoo?
June 16, 2008
Last week we witnessed concerns about credit, oil prices and inflation accompanied by falling consumer confidence, all affecting the behavior of investors. The DOW rose while the S&P and NASDAQ- dropped. Our leaders, though, have managed once again to see positive returns.
FieldGoals (10.53%) and EM (8.58%) continue to lead the June
monthly competition.
FieldGoals is riding the current uptrend of the energy and commodities sectors due to the increase in prices of oil products and other commodities. Among his largest gainers are alternative energy companies such as First Solar, Inc. (FSLR), SunPower Corporation (SPWR), American Superconductor Corporation (AMSC) and Evergreen Solar, Inc. (ESLR), and commodity related companies such as the mining equipment company Bucyrus International, Inc. (BUCY).
EM's investing strategy is totally different – almost a contrarian one.
EM probably predicts that the financial sector will rebound in the near future, thus he holds few financial companies, such as CompuCredit Corporation (CCRT) and Fifth Third Bancorp (FITB). His gains seem impressive since this sector is still overwhelmed by concerns about dividend cuts and future ability to raise capital. Not surprisingly, few famous contrarian investors such as David Dreman and Mohnish Pabrai also hold these stocks in their private portfolios.
EM is probably also predicting that the oil bubble will burst soon, dramatically reducing the fuel prices and boosting up the prices of airlines stocks. He is currently holding three airline related companies - Ryanair Holdings plc (RYAAY), UAL Corporation (Public, NASDAQ:UAUA) and Atlas Air Worldwide Holdings, Inc. (AAWW).
Both strategies have been working so far and fieldGoals and EM are leading the
monthly competition. However, we still have two more weeks to go, and with the current volatility of the market, dramatic changes on the scoreboard won’t be surprising.
The current
quarterly competition is not over yet, but it seems that agent is safely leading with a large gap ahead of all other traders. Few traders with similar returns are still fighting over the second and third places.
wOrStCaSe and ShimTom are currently placed second and third, but
BlowOut, Blooskye66 and Ach are very close behind. In any case, these players are not only focusing on this quarter, most of them already signed up for the next quarterly competition as well. Why don’t you also proceed with your registration for the next
quarterly competition, which will open in two weeks, and start planning your winning strategy?
Special FREE Competition Sponsored by eToro!
LIVEandLEARN traded very intelligently last Thursday and won the
Happy Thursday competition. None of his stocks were sold for an unusually large profit, but all of his 11 stocks were sold with a positive gain. He started trading at 9:30, when he bought the financial holding company Umpqua Holdings Corporation (UMPQ); then, over the following 2 minutes, he bought 10 additional stocks. 12 minutes later, he started to sell his holdings and at 9:52, only 22 minutes after he started trading, he sold his last stock, gaining a total return of 2.78%, which placed him in the first place.
Looking at the NASDAQ index graph from Thursday explains LIVEandLEARN’s strategy. He saw that the index was sharply rising in the first hour (between 9:00 to 10:00), and then dropped almost 1.5 percent! Traders who continued to trade had larger chances of losing their early profits. How could
LIVEandLEARN know the behavior of the market in advance? The answer probably stems from his sharp trading skills and the experience he accumulated in his life as a trader.
LIVEandLEARN also registered to many Yalicoo daily competitions in the past; a fact that improved his skills even more.
There is no doubt that LIVEandLEARN is an excellent trader. There is also no doubt that he will register again to this week’s
Happy Thursday competition. Remember, this competition is totally FREE of charge and the ten leading winners will split total prizes of $1200!
Be sure to check out this unique offer. To register or see more details, simply click on the link below.
Click here for the Special
Happy Thursday Competition!
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