Many U.S. retailers reported stronger-than-expected August sales on Thursday, but they had to use steep discounts to woo back-to-school shoppers.» Read More
Well, it's the final day of trading for the Second Chance contestants--who are competing for the Sony Home Theatre Entertainment System. You "second chancers" continue to outpace the Million Dollar Portfolio contestants by over $300K in total portfolio value--but the Million $ contestants have narrowed the gap again. So here's the latest on Second Chance. Ronald Rose jumps from sixth place into first place. Ronald only gained a modest $2K, but with losses by Wednesday's top 5 contestants he was able to take the lead.
Well, like we said for the Million Dollar Challenge, today's trades will be big for the Second Chance Showdown players. But the players continue to outpace the Million Dollar contestants by over $500K in total portfolio value, though the $M finalists have narrowed the gap. Aric Fanzmeier's portfolio fell back below the $2M mark with a loss on ValueClick and Gamestop but he managed to hold onto first place for the third day. Jacob Swanson moves into second with a $411K gain on Fremont General. Both Aric and Jacob have bet on earnings for Thursday.
Hey folks. We have a guest blogger today--Jeff Mishlove. You may have seen him on the "How To Win" program on the contest, giving his picks, which have turned up some pretty good ones (Jo-Ann Stores for example). I asked Jeff to write down a few thoughts and he came up with what follows. He talks about his strategy--the "short squeeze" and how it works. Pretty good reading if you ask me.
We have another weekly winner to announce. He's Ryan Stackman from Pennsylvania. Ryan becomes the third weekly winner. His strategy for the week was simple (or not)--buy volatile stocks by looking at earnings and/or unusually high volume. Ryan says he one stock he picked that surprised him was Synnex Corp. He is a stockbroker by trade--