Million Dollar Portfolio Challenge: Trades of the Day 6/10
Nearly 2.0 billion shares and $26 billion traded on Friday in CNBC's Million Dollar Portfolio Challenge. The top currency trader has doubled their money making over $137 thousand since currency trading opened. Many of our overall and weekly leader contender have made more than $40 thousand dollars in currency trading which is helping keep them on the Leaderboard. Check out Sue Herrera's currency tips here and for daily currency updates, go to http://www.cnbc.com/id/22618039.
Contest Widely Helds and Actives:
Stewart Enterprises and CMGI joined the contest Most Actives Monday trading over 37M and 23M contest shares respectively on earnings.
US Airways replaced Delta Air Lines in the most widely held stocks of the contest with over 149M contest shares owned.
EUR/USD remains the most active currency pair and hopefully our contestants have flipped and are on the right side of the trade as the dollar strengthens against the euro today on Fed speak.
USD/JPY , the second most actively traded pair in the contest, is also a top long position today in the leaderboard.
The risky and volatile carry trades of GBP/JPY and USD/CHF which had been highly profitable turned against one of our currency leaders yesterday costing her $22,000.
Financials & Industrials each comprise 25% of the top widely helds
Sample of Top Trades in the Leaderboard: All about coal plays
Hilb Rogal & Hobbs if you bought on Friday before 4pET and held/sold on Monday, you made 41.86%
BE Aerospace if you bought on Friday before 4pET and held/sold on Monday, you made 11.05%
James River Coal if you bought on Friday before 4pET and held/sold on Monday, you made 11.18%
Foundation Coal if you bought on Friday before 4pET and held/sold on Monday, you made 5.44%
Patriot Coal if you bought on Friday before 4pET and held/sold on Monday, you made 3.52%
Sample of Losing Trades from the Leaderboard:
Western Refining , formerly a sweetheart of the contest, but if you bought on Friday before 4pET and held/sold on Monday, you lost -11.22%
Bets for today (June 10th):
Sociedad Quimica y Minera de Chile
Alpha Natural Resources
If you haven't registered yet, there are still great weekly prizes and it's not to late to go for the grand prize. Click here to play.