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Perhaps because of the Financial Collapse, there has not been any new contests in quite a while.The last CNBC million Dollar Portfolio Challenge was a somewhat subdued affair.The Contest did not seem to attract the level of interest of earlier contests.The world Changed since then.

The Stock market got crazy with volatility and sold off violently.Major companies went broke or became penny stocks.Now… ,if you were playing the short side maybe that would have been a great time for a contest !..But It is not likely in the current political climate that GE owned CNBC would want to be sponsoring a contest encouraging “speculation”.

Not politically correct.

Well NBC has been sold and the market has steadied and rallied.Maybe they don’t care anymore.Political and Market headwinds aside…

A new contest to win a Maserati Gran Turismo has “grown” out of a morning segment on Mark Haines and Arron Burnetts “Opening Bell ” show in which the Hosts would try to “Call the Close”. Mark Haines opined often on how difficult it actually is .

At least you will have the advantage of private humiliation if you are wrong !.Now You have to guess the close and that is how you will win.

You have to submit your guess by 1 pm.A few Notes……You have to be 18 and have a Social Security  # .

This is not the first Maserati That has been given away by CNBC ..but I wouldn’t complain about a repeat !….

HERE IS SOME CONTEST MOTIVATION…

A FEW FACTS ON THIS SEXY ITALIAN BEAUTY

[ no ...not Maria Bartiroma ! LOL]

2010 Maserati GranTurismo Convertible National Base Price

VehicleMake = ‘Maserati’;
VehicleModel = ‘GranTurismo Convertible’;
VehicleYear = ‘2010′;

Style:
2dr Convertible (4.7L 8cyl 6AM) |

MSRP:
From  $140,000

CNBC “CALL THE CLOSE”
Frequently Asked Questions

  1. What is CNBC’s Call the Close?

CNBC’s Call the Close is an online stock market prediction game and a sweepstakes.  The game invites players to make their prediction for the closing value of the Dow Jones Industrial Average (DJIA) for the upcoming trading day.  Beginning at 4:30pm ET at the conclusion of each trading day through 1:00pm ET the following trading day, players can submit their estimate for the DJIA close.  The player who comes closest to the closing value of the DJIA to the .00 decimal point will be declared the winner.

All participants who play the game will receive an automatic entry into the sweepstakes.  One player will be randomly selected as the sweepstakes winner.

  1. When does Call the Close begin?

Both the game and sweepstakes begin February 26, 2010 at 4:30pm ET and end April 2, 2010 at 1:00pm ET.

  1. Who can play Call the Close?

Permanent legal residents of the United States or the District of Columbia who are at least18 years old or the age of majority in their state of residence as of February 26, 2010 are eligible to participate.  Participants must also have either a valid social security number and/or a valid U.S. personal tax I.D. number.

  1. How do I sign-up to play?

To play, visit http://calltheclose.cnbc.com and click on the Sign In link on the Call the Close Play page if you are already a registered CNBC.com user.  Once you are signed in, you will need to complete a one-time Call the Close opt-in form.  If you have played a previous iteration of Call the Close, you will be required to complete a new one time opt-in in order to participate.

If you are not already a registered user, you will be required to complete the CNBC.com registration process outlined below (See #5).

  1. How do I register to play Call the Close at CNBC.com?

To register as a CNBC.com user, click on the Register link online or on your mobile device. You will be taken to the CNBC.com Registration page where you will be asked to provide the following:  First Name, Last Name, Email and Password (for your CNBC.com log-in), Year of Birth, Gender, and Country.  You will also be asked to select a security question and provide the corresponding answer.  Upon reading and accepting the terms and conditions, submit your information.

Once your submission has been made, CNBC.com will send you a registration confirmation to the email address you have entered. Please make sure to have your Spam filter settings set to allow emails from CNBC.com to arrive in your inbox.

Click the registration confirmation link in the email and you will be automatically directed to the Call the Close opt-in page. Here you will be required to provide your date of birth and phone number. After checking the Call the Close terms and conditions agreement box and clicking the submit button, you will be directed to the Call the Close play page and you may begin calling.

  1. How is Call the Close played?

At the conclusion of each trading day between the hours of 4:30pm ET (after the market settles) and 1:00pm ET the following trading day, participants will have the opportunity to make their best guess for the closing value of the DOW for the coming/current day.  Players will be required to enter their best guess for the DJIA close to the .00 decimal point.  They will also be asked to enter their guess for the S&P 500 to the .00 decimal point for tiebreaker purposes.  Once guesses are submitted, users will view a Thank You page with confirmation of their DJIA guess along with the option to print a receipt for their records.

After a guess has been made for the current calling period, the user’s call will be displayed in the upper right corner of the game page.  Users can return to the Play page at any time during the calling period to revise their call.

  1. What does it cost to play Call The Close?

There is no fee to participate in Call the Close.  Simply access the game site, register or sign in and start playing.

  1. How often can I change my call?

You may change your call as often as you wish within the call period.  The call window typically begins at 4:30pm EST following the close of the trading day and ends at 1:00pm ET the following trading day.  The only exception would be on days when the market closes early.  In this case, the site will indicate if the call period has changed (for instance, in the case of an early holiday closing) and provide the deadline to submit calls for the upcoming day.

  1. Do I receive a sweepstakes entry each time I change my call?

No, you will only receive a sweepstakes entry for each entry period.  Each entry period begins at 4:30pm ET and concludes at 1:00pm ET the following trading day.

  1. Can I play during weekends and holidays?

Yes, you may continue calling over weekends and holidays when the market is closed.  Feel free to log-in and update your call as frequently as you like during active calling hours.

  1. Can I play from my mobile device?

Yes, you may play and register from your mobile device.  Using your wireless web-enabled device, go to http://m.calltheclose.cnbc.com to reach the landing page for the game.  Click on Sign In using your CNBC.com user information and enter your DJIA call for the upcoming/current trading day to the .00 decimal point.  You will also need to provide your S&P 500 tiebreaker guess as well.

  1. What if the market has an early closing, such as the day prior to a holiday?

On days that the market closes early, the site will clearly direct you to make your call by the preassigned time.

  1. Will I be notified if I am a game winner?

CNBC will contact you by phone to confirm you as the game winner once your call and user information have been verified by CNBC.com’s registration team.  CNBC’s game administration team will provide you with a declaration of eligibility release to complete and return within three (3) days.  You will not be declared an official winner until these documents are completed and returned.

  1. What if there is a tie?

In case of a tie, the winner will be determined by the player who comes closest to the actual closing value of the S&P 500 for that trading day.  In the event that a tie still exists, the winner will be the player whose entry submission was received first by the CNBC.com servers.

  1. Will my name be announced on CNBC?

CNBC may choose to announce your name on-air and/or online as part of its editorial coverage of Call the Close.  Winners will be noted as tentative pending official verification.

  1. Are there prizes?

GAME PRIZE:  Each Game Winner (twenty-five (25) total) will receive a CNBC T-Shirt (”Game Prize”) and a souvenir from Maserati. Approximate Retail Value (ARV) of each Game Prize is one hundred and sixty-five dollars ($165).

SWEEPSTAKES PRIZE:  The Sweepstakes Winner will receive a 2010 Maserati GranTourismo Convertible vehicle (”Sweepstakes Prize”).  All Sweepstakes Prize features and options, interior and exterior colors, and all other details of the Sweepstakes Prize will be determined by Maserati in its sole discretion.  Sweepstakes Prize will include payment of certain titles and fees as determined by Sponsor in its sole discretion.  CNBC will provide the Sweepstakes Winner with a cash payment in an amount to be determined by CNBC in its sole discretion, based on Sweepstakes Winner’s tax profile (”Tax Mitigation Payment”). The Tax Mitigation Payment is intended to mitigate any potential tax liability for Sweepstakes Winner resulting from the Sweepstakes Prize and may be higher or lower than the Sweepstakes Winner’s actual individual tax liability, as determined by CNBC in its sole discretion.  All other expenses, costs, fees or additional tax associated with the acceptance and/or use of Sweepstakes Prize are the sole responsibility of Sweepstakes Winner. ARV of Sweepstakes Prize is one hundred and forty thousand dollars ($140,000) plus the total Tax Mitigation Amount paid to Sweepstakes Winner.

Total ARV of all Prizes is one hundred and forty-four thousand one hundred and twenty-five dollars ($144,125) plus the Tax Mitigation Amount.  Each winner is responsible for all applicable federal, state and local taxes.  All Prize details are at Sponsor’s sole discretion.

  1. When will prizes be delivered?

GAME PRIZES: Prizes will be delivered within one month from winner notification and verification of eligibility.

SWEEPSTAKES PRIZE: Sweepstakes winner must take delivery of the Prize at a location (”Delivery Site”) and on a date designated by Maserati in its sole discretion. Maserati and/or its representatives reserve the right, but not the obligation, to designate the Delivery Site as the Sweepstakes Winner’s residence or a dealership near such residence.  In order to accept the Sweepstakes Prize, Sweepstakes Winner must possess and present adequate personal identification, evidence of legally required insurance, and a valid U.S. driver’s license issued by one (1) of the fifty (50) United States or the District of Columbia. Sweepstakes Winner bears the risk of damage to Sweepstakes Prize after delivery to specified Delivery Site and Sweepstakes Prize will be forfeited if not picked up within the number of days designated by Maserati after delivery thereto.

  1. How will prize winners be selected?

GAME WINNERS:  The Participant who’s “call” is closest to the closing value of the DJIA to the .00 decimal point (based on CNBC’s published DJIA closing at 4:30pm ET) for each Game Entry Period will be named a winner of the Game (the “Game Winner”).  In case of a tie, the tied Participant who came closest to the actual closing value of the S&P 500 (as determined by CNBC in its sole discretion as of 4:40pm on the applicable Trading Day) for that Game Entry Period, without exceeding the closing value of the S&P 500, as determined by Sponsor in its sole discretion will be selected as the Game Winner.  In the event a tie still exists, the Game Winner will be the Participant who first correctly submitted an Entry during the applicable Game Entry Period, based on the date/time of the prediction as determined by Sponsor in its sole discretion.

SWEEPSTAKES WINNER:  On or about April 2, 2010, employees or representatives of Sponsor will select one (1) potential Sweepstakes winner (the “Sweepstakes Winner”) in a random drawing from among all eligible Entries received during the Sweepstakes Entry Period.  Odds of winning depend on the total number of Entries received during the Sweepstakes Entry Period.

  1. When will the sweepstakes prize winner be notified?

On or about April 2, 2010, employees or representatives of Sponsor will select one (1) potential Sweepstakes winner (the “Sweepstakes Winner”) in a random drawing from among all eligible Entries received during the Sweepstakes Entry Period.  The potential Sweepstakes Winner may be required to complete, sign, have notarized and return an Affidavit of Eligibility and Liability Release (”Affidavit and Release”) and Publicity Release (where legal) within five (5) days of date of attempted delivery.

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Wednesday, December 10th, 2008

last night Jim cramer spent a lot of time touting the GM prefered and Ford perfered stocks.These were mentioned in a previous post so I thought I would update.He said it is stupid to buy the F or GM common stock as it is worthless.The symbols he liked were GPM and F-S.He said the Ford pf has different symbols depending on where you look it up…These are already up in the AM on recomendation.You should get opportunity to sell these today if you bought when originally mentioned.

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Wednesday, December 3rd, 2008

Well Monday was a bloodbath but even then the home stocks declined less than average;showing relative strength.Today KB homes, mentioned in previous post, is up 13% and is now up about that much from nov 26 post.The etf and most of the other stocks in the sector are higher.I note that last night on CNBC ;Doug Kass, a noted short seller who made much money this year by betting against the home sector,…said that the homebuilding stocks would be one of the first sectors to turn as the economy recovers, and he had changed to bullish on the stocks.

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Wednesday, November 26th, 2008

One problem with playing the short side is that shorts get greedy as much as people do on the long side…the difference is ;with a short position …the losses are unlimited….A stock may go up and up for years….A category of stock that has been pounded down and has showed good price movement in last two days is the homebuilders[ TOL HOV LEN etc.]These can run and run when the short squeeze starts since the proportion of the available float that has been shorted is so large.One would think a good time to have covered would be after the Obama news conference regarding the new loan programs….BUT….. did they?….KB homes is up 20% at this time [3 pm].It would be just too bad for a short if they went home early for Turkey day And someone started a buy program right now into the close!!.Friday could be very profitable for longs and a bad hangover for the shorts…

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Wednesday, November 26th, 2008

Heavy buying of the GM NYSE pf bonds gbm xgm hgm gpm bonds mentioned in a earlier post.Note that GM is up as well.These are all up around 30%..These securities do not trade the volumes seen today normally.Appears some one thinks GM may be getting some good news regarding its financial health over the next few days?

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Friday, November 21st, 2008

bounce this morning in the futures off of a reversal in Asia after thursdays 400 point rout.Remember!!!! you cannot trade in and out with this contest …..you must hold the security overnight…if you want to play a bounce in the market today …be sure you think it will still be there Monday

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Friday, November 21st, 2008

A tidbit I caught today…If you saw my earlier posts I am skeptical that SIRI is a good stock to win with for this contest.however today A government representative [FCC?]was on CNBC.If you did not see it he was asked by the reporter.When do you expect to wrap up your review?.He gave the usual WSO..Poker response.basically;” It’s very complicated”.At this point ace reporter David Faber pressed him”Sir; respectfully, this has been going on for over a year..don’t you owe the company a answer; like tomorrow?”.The idea of this pointed question is to try to get, what is called in poker”A tell”.You minght want to see if you can review that clip on the cnbc site.My take was that maybe something is up.Naturally he gave a non commit answer” like we expect to wrap it up soon”.Which has been said before.What is different ?The bush administration is in its ending days.Frequently contriversial decisions are postponed till the end of congresses session.;.can you say summer recess?.you get the idea !..if this deal is to get done; it has to be before/if …the democrats take control of the FCC and congress.Expect something soon.But don’t expect a huge move[like a double] If the deal is approved.Still it could run %30 on news of a deal.Timing is everything.As I said I don’t think this is the greatest stock for this contest;but apparently this is the most widely held stock by contestants;so I thought it was pertinent.2008-06-05

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Friday, November 21st, 2008

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!2008-05-23

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Friday, November 21st, 2008

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 stocks2008-05-19

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Friday, November 21st, 2008

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.2008-05-16

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