It's the
final
countdown...
By Yinon
Arieli | November 26, 2007
The
monthly competition has always been the most exciting game among Yalicoo’s
competitions. This month we have many newcomers, which makes the game much more
attractive and exciting. The market, on the other hand, has been dropped about
7% over the last three weeks, making it difficult to gain positive returns; this
is probably the reason why 170, out of almost 200 Yalicoo players, have clicked
the ‘Reset Portfolio’ button. Despite that, there are a number of excellent
Yalicoo traders who have succeeded to overcome the market; these include Fred, FortuneTeller, genibus, Vincent, HKn and others. Fred is currently leading the
game with an impressive 9% return. One of his successful trades last week was
buying E*Trade (ETFC) on the 21st and selling it two days later, gaining about
15%. After falling more than 50% about a week ago, shares of E*trade spiked over
the last two days due to talks of a takeover. The rumor is that either TD
Ameritrade Holding Corp. or Charles Schwab Corp. is going to take over the
struggling online broker.
As you know, the market has been difficult to ride lately. That is exactly the
reason why you must continue performing your trades in the monthly competition.
There is still one week to go and your chances to narrow the gap with the
leaders, or even pass them, are still high. Remember, Yalicoo is very close to
real life trading, but it is still a game. So, do not hesitate to trade. The
purpose of participating in Yalicoo is to improve your trading and investing
skills while getting ideas about stocks which yield high returns during the
specific period. Remember that in Yalicoo you cannot lose real money, even if
your picks decline substantially.
Obviously, if you don not make any moves at all, your Yalicoo portfolio value
won’t decline, but it also will not yield a positive return. Don't forget this
when you come back to the
monthly competition this week and perform your trades.
Are
you
ready
for
(Super)
Thursday?
Thanksgiving is over (by the way, Happy Thanksgiving!), but we at Yalicoo have
decided to raise the bar and thank you for raising the standards of trading in
our competitions. Therefore, we present you the ‘Super Thursday’ competition.
This Thursday (November 29, 2007) we have a special competition with more
flexible rules and much higher cash prizes; we will award the first place winner
with a $1000 cash prize! Of course, the entrance fee for this special game is
the same as the usual daily competition fee (only a few dollars). In addition,
the rules are much more flexible, since we omit the diversification limit, which
means that you can buy stocks from the list without any limitation on the
trading amount. In other words, you have the option to trade stocks,
exactly as in real life trading, but still without the risk of losing money. So,
mark this Thursday on your calendars and take this opportunity to share an
exciting trading day with us, plus your chance to WIN $1000!
Have a
good
Yalicoo
trading!
Keep on
reading:
Earn
from
watching
the best
traders
Is it
possible
to earn
money in
a
declining
market?
The best
trader
award
goes to… |
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