If you are having problems don’t feel stupid..it doesn’t get much tougher than this!However this creates oportunity.Just do one thing.. be right!..Today is the deadline to sign up for the contest and still be eligible for the grand prize.Now many would say it is too late to catch up with the current leader.Not in this market!….one false move and the leader will crash and burn..I still think the winner will turn out to be someone who forms a opinion about whether oil or gold or some other commodity will go up or down and:”bets the farm” by taking a large bet on a stock in that category that could double.It is a shame the contest did not allow shorting because that has been the winning strategy for most stocks in this market.However you can use the etf that trades double up on a down move such as the “dug “etf there are similar short etf s for s&p, dwia.The problem is it is hard to get enough leverage to make a big score.I still think that playing long airline/gm in the<10$ if you think oil will fall or long the small drillers in the 4$ range if you think oil will spike will be a winner…. if you are right.If you want to play huricanes check out low float ipii..largest independent building supplier in Fla Louisiana area ;this stock quadrupled in the Katrina storm.Also matrix indusries they repair oil rig and factories/ plants in the Panhandle2008-07-11

Tags: This market is tough CNBC contest

This entry was posted on Friday, November 21st, 2008 at 2:01 pm and is filed under strategy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.