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Current DateTime: 01:04:26 05 Dec 2008
LinksList Documentid: 23371764
    • Yen Glows Amid Global Downturn

        The stampede out of equities has driven investors towards safe haven assets such as the Japanese yen -- a currency that has risen sharply as its appeal grows whenever risk appetite wanes. Just how much higher can it go against the U.S. dollar?

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Nearly 1.4 billion shares and $18 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge.  The top currency trader has more than doubled his money making over $220,000 since currency trading began.  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:

  • Currency Traders have profited the most from trades in the EUR/USD [$$EURUSD  Loading...      ()   ], the EUR/JPY [$$EURJPY  Loading...      ()   ], and the GBP/JPY [$$GBPJPY  Loading...      ()   ].

  • One of our top currency traders moved back up the list by making 88 trades on the EUR/USD [$$EURUSD  Loading...      ()   ] in a single day, netting him almost $61,000.

  • Another one of our leaders is very focused on the AUD/NZD [$$AUDNZD  Loading...      ()   ], which has made him over $160,000 in profits since the start of the contest.  The AUD/NZD pair had been in a relentless uptrend since late March as the Australian economy continues to outpace New Zealand's.

  • Yahoo [YHOO  Loading...      ()   ] climbed back into the Most Widely Helds pushing 3Com [COMS  Loading...      ()   ] out of the top 20.

  • Sirius Satellite Radio [SIRI  Loading...      ()   ] continues its stranglehold on the contest Widely Helds and Actives.

  • Industrials continue to represent 30% of the top widely helds followed by Financials at 25%.

Sample of Top Trades in the Leaderboard:

  • Encore Acquisition [EAC  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you made 3.54%
  • GMX Resources [GMXR  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you made 2.83%

Sample of Losing Trades from the Leaderboard: 

  • Research in Motion [RIMM  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you lost -13.26%

  • Park Electrochemical [PKE  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you lost -6.42%

  • Gorman Rupp [GRC  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you lost -6.45%

Bets for today (June 27th): Dominated by Earnings

  • Applied Materials [AMAT  Loading...      ()   ]

  • Worthington Industries [WOR  Loading...      ()   ]

  • Goldcorp [GG  Loading...      ()   ]

  • Elan Corp. [ELN  Loading...      ()   ]

It's not too late to get started.  You can still get in the game to win the grand prize or one of these great weekly prizes.
Click here to play.

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