Crox.Expected to earn $1.70 /share.huge short interest.everyone hates it now. down from $50 to 9$.Heh Heh.I like this one to buy outside of the contest but I would’nt bet the rent money.Could be a nice pop for the contest.What if it took a upgrade?or a agitator like Carl Ichan takes a stake?.You could get your 30% and move on.

Well it looks like if you had played the ethanol stocks you could have banked at least 20% depending on your entry/exit day.Hope some did….As stated in previous post;…there is little hope in buying popular choices like Siri or Rad[down about 10% since contest started].The fact they are penny stocks is good;but not enough alone, if there is no catalyst to force a large move SHORT TERM.Many contestants have grasped the concept of leverage .And since options are not allowed in the contest,using low priced stocks is one way to increase leverage.Simply put ;the chances of a $2 stock doubling are much greater than a $40 stock doubling.But most $2 stocks don’t double; and in fact many go out of business.It is not enough to   find  under$10 stocks and “hope”.                                                                                                                   What is a example of a low priced stock that has potential for explosive move quickly?.The headlines are replete with new highs for oil.Hurricane season officially started yesterday.You can play this trend on the bullish side or the bearish side.Take a look at the small independent oil producers.These stocks can, and did double in the past as traders looked for under followed energy plays.Stocks such as NGAS,BDCO are examples of this kind of stock.They are in a “hot” sector,have a low share price,and most importaintly have a low float[few shares issued].Low float stocks can make explosive moves  when buyers come in the name.Share price can move rapidly. Stocks which were low float “monsters” in the past were TZOO,HANS,TASR.They are not anymore!!! but if you look at the charts from several years ago you can see the kind of moves possible.We need to find such stocks now!.The existance of large short positions can make these a killing field for shorts;and a possible winning trade for the contest!

First the WCG idea didn’t result in a merger Monday anouncement; but at least it is flat from Friday if you decide to move on.Today we observe that PEIX and many of the other ethanol stocks are up big.in the case of PEIX about 40% since Fri[close$3.24 high so far $4.88].Now normally it minght be to late.But these stocks have both a low price and a catalyst to make them continue unlike say a SIRI.First Peix was as high as $40/share in recent times.The short interest is huge.20-30% of all available shares are short.Almost all anlyists have sell ratings on these stocks.So why is Peix up?.They beat the earnings estimates.This may be a momentary “dead cat bounce”or it may go on for days or weeks…as the shorts are forced to cover there short positions..fueling a move in the stocks

A idea of a stock that could help win!not just ones that won’t..WCG is moving on rumors of a takeover at $70.This minght be a hold over thee weekend since if rumors are true could be a nice pop.Remember that your entry price will be based on the closing price not the price intraday..so if it runs up a lot by the close…then don’t pull the trigger.

Trading starts in four days..you may be able to sign up after trading begins but I think it is advantage to get in early so you will have more days to trade.Not all of your trades will be winners..but a good way to add to your imaginary bankroll is to refer friends to the contest or play the triva contest wich will get you a additional $12,000 to play with,this can help offset those less than stellar trades!.

Well today CNBC announced the long anticipated new 1,000,000 dollar contest for 2008.After last year’s scandal plagued contest which featured cheating and hacking of the contest;It is likely that security has been improved for this years version.If you recall last year the awarding of the money to the contest winner,Waitress Mary Sue Williams from St. Claire Ohio,was delayed for several months as CNBC’s legal department attempted to audit the results and disqualify the cheaters.The deadline of time CNBC had to award the prize[as stated in the legal terms on the company website] was run to the wire by this investigation,but they did award it .Some had thought that they would not have the contest due to the bad publicity generated.Perhaps the newly competitive business news landscape because of FBNs debut made CNBC wish to use this Promotion once again.This years version will allow contestants to trade currency as well as stocks

2007 winner Mary Sue Williams; who still works at Unos restaurant in St Claire,despite winning the grand prize of $1,000,000;paid in the form of a annuity;complained that her tips had suffered as customers stated “we will only tip 5% since your rich”.and similar coments.It’s not easy being rich!