Mark Koba is a senior editor at CNBC.com. Topics for his feature story writing include the business of politics, health care, employment and the economy.
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First week winner Nancy Beaumont has some company. Chuck Chow is the Week 2 winner with a portfolio gain of 63.794%. Chuck was conservative the first week buying and holding First Solar on 3/5 at $44.13 and not selling until 3/12 at $57.91 making $309,634.35. However, his gain on FSLR as of the end of week 1 was only half that.
Here's one more segment from Friday night's "How To Win" program on CNBC. We hear from a couple of the bloggers--the stock pick bloggers who are giving advice--and are actually playing to win the contest. John Carney is editor at dealbreaker.com and Jeff Mishlove is from Forecastingsystems.com and wrote a "how to" manual on the contest itself.
How are the celebs doing with the "Trading With The Stars" portion of our portfolio challenge? Well, as you can see from the numbers below, it would be hard to recommend their strategy to non-celeb contestants. Conservative (and we don't mean politics) seems to be the watch word.
Friday's CNBC show--The Million Dollar Portfolio Challenge-"How To Win," had a live studio audience and took questions from contest players. One contestant wanted to know if putting his "bucks" into Berkshire Hathaway, and "letting Warren Buffett do all the work," was a good idea?
Week two is now in the books. So--what can contest players do to get the edge in the game this week? Friday night's hour long special on CNBC "How To Win," provided some interesting picks and strategies. We'll be posting some excerpts from the show througout today.
Good morning all. We have a new leader as of the close on Friday 3/16, Vicario Domenico, with a portfolio value of $2,087,479.16, the first leader to break the $2 million threshold!! Vicario relied heavily on Fremont General, making a total of $1,031,357.84, half his portfolio value on several trades of FMT beginning on 3/5 at $5.89 through his current holding of FMT which he...
Dear Valued Player: In the rules for the Million Dollar Portfolio Challenge it is stated that any stocks with a market cap below $500,000,000 after the market close on 3/2/07 would not be eligible for trading in the contest. Because of an error in processing, ten companies were considered eligible for the contest despite being slightly below this market cap floor.
Don't forget tonight on CNBC -- a special television presentation. It's The CNBC.com Million Dollar Portfolio Challenge- How To Win! For a whole hour, we've got the experts, the stock pickers and the market shrinks--as well as a live studio audience. That's tonight-- March 16th at 7 pm EST--and it's only on CNBC-TV.