This years contest is made harder by the addition of the currency trading option.it was stated that the top contestants have made 60,000$ trading currency primarily the dollar vs. euro.I am not sure the time frame that occured.That being said if you are unfamilar with currency trading[ like me ]you would probably be better off  skipping that portion of the competition.It is quite possible that the combination of the two will not be  in the eventual winners portfolio.Today I wanted to mention the small cap E&P oil companies.These volatile stocks have showed wild price movement.Check out ROYL and OMNI for example.Now you can play these either way ; if you think that oil price will tumble you could short these or if you are bullish buy on the dips.I have seen these stocks spike 30% in a day.They did the same thing after Katrina.Speaking of hurricanes; the season is on!.One way to play hurricanes that i did after katrina is MTRX.this stock does industrial repair of the kind needed on power plants ,refinerys and some drilling rig work.It can really soar on  a landfall in the gulf.So keep an  eye on these!

This entry was posted on Wednesday, June 4th, 2008 at 3:44 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.