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Current DateTime: 01:13:47 12 Oct 2008
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Nearly 1.42 billion shares and $16.9 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge.  The top currency trader has more than doubled his money making over $289,000 since currency trading began.  Check out Sue Herrera's currency tips here and for daily currency analysis, go to Currency Updates.

Contest Widely Helds and Actives:

  • Among the top currency traders, the EUR/USD [$$EURUSD  Loading...      ()   ] and GBP/USD [$$GBPUSD  Loading...      ()   ] pairs continue to be favored.  The top currency trader executed over 160 trades prior to the holiday weekend, and continues to be consistent with his scalping strategy.
    • The top currency trader currently holds the top 4th position in the overall leader board.
  • The currency trader holding the second spot on the leaderboard profited the most by holding on to a long USD/JPY [$$USDJPY  Loading...      ()   ] position over the holiday weekend.
  • Currency traders willl pay attention to the G8 meeting in Japan, which will be held from July 7 to July 9. Comments from G8 officials on the weakness of the dollar could push the greenback to strenghten.
  • Ahead of Thursday's Monetary Policy Meeting by the Bank of England, investors will continue paying attention to the pound sterling following last week's negative data in the service, manufacturing, and construction sectors.
  • Ambac Financial [ABK  Loading...      ()   ] and Rite Aid [RAD  Loading...      ()   ] stayed ahead of Sirius in Monday's Contest Most Actives with a volume of 138M and 101M respectively.  UAL climbed to the fourth spot, followed by AMR.      
  • Sirius Satellite Radio [SIRI  Loading...      ()   ] continues to hold the top spot in the Widely Helds with almost 2.5B shares owned in the contest

  • Industrials represent 35% of the top Widely Helds followed by Financials at 20%

Sample of Top Trades in the Leaderboard:

  • Yahoo [YHOO  Loading...      ()   ] if you bought on Thursday before 1pET and held/sold on Monday, you made 11.99%
  • Cash America International [CSH  Loading...      ()   ] if you bought on Thursday before 1pET and held/sold on Monday, you made 16.07%
  • Hansen Natural [HANS  Loading...      ()   ] if you bought on Thursday before 1pET and held/sold on Monday, you made 12.99%

Sample of Losing Trades from the Leaderboard: 

  • Lehman Brothers [LEH  Loading...      ()   ] if you bought on Thursday before 1pET and held/sold on Monday, you lost -8.80%

  • Sandridge Energy [SD  Loading...      ()   ] if you bought on Thursday before 1pET and held/sold on Monday, you lost -6.09%

Bets for today (July 8th): Dominated by Energy

  • Goodrich Petroleum [GDP  Loading...      ()   ]

  • Chesapeake Energy  [CHK  Loading...      ()   ]

  • Petrohawk Energy  [HK  Loading...      ()   ]

  • GMX Resources [GMXR  Loading...      ()   ]

  • James River Coal [JRCC  Loading...      ()   ]

  • Helen of Troy [HELE  Loading...      ()   ]

  • Etrade Financial [ETFC  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.

bythenumbers.cnbc.com

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