Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES
Mortgage
Home equity
Auto
MMA/CD

Current DateTime: 02:25:10 30 Aug 2008
LinksList Documentid: 23371764
    • Gold Loses Its Luster

        Charting Asia delves into the goldmines and finds that gold is no longer a long-side trading opportunity -- it's time to hang onto your hard hats and trade on the volatility of price behavior.

Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
Font size:

Nearly 1.4 billion shares and $15.4 billion traded Friday in CNBC's Million Dollar Portfolio Challenge.  The top currency trader has more than doubled his money making over $333,000 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:

  • The most profitable trades were in EUR/USD, EUR/JPY, and USD/JPY pairs as the dollar declined on financial concerns and a spike in crude oil prices on Friday

  • Contestants lost the most in USD/CHF, GBP/CHF and NZD/USD pairs

  • New Zealand Retail Sales are due out on Sunday, and they are expected to decline in May; only a very strong retail sales report could shift the Reserve Bank of New Zealand towards a rate cut this year.  This report could have a bearish impact on the New Zealand dollar.

  • GBP/USD [$$USDNZD  Loading...      ()   ] was the third most actively traded pair in the contest bringing one of our leaders almost $7,000 worth of profits in one day

  • Sirius Satellite Radio [SIRI  Loading...      ()   ] maintains the top spot in the Widely Helds but has lost some ground falling to under 2.5B shares

  • Ambac Financial maintains its top spot in the Actives as Financials continue their wild ride, trading almost 154M shares on Friday followed by another stalwart in the contest actives, Rite Aid [RAD  Loading...      ()   ], at over 129M shares traded, with Freddie Mac [FRE  Loading...      ()   ] holding onto the third spot at almost 81M shares in the contest, and Fannie Mae [FNM  Loading...      ()   ] moving into fifth position with almost 55M shares traded.

Sample of Top Trades in the Leaderboard:

  • APCO Argentina [APAGF  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you made 9.21%
  • Goodrich Petroleum  [GDP  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you made 8.96%
  • Ambac Financial [ABK  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you made 6.88%
  • Petroquest Energy [PQ  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you made 6.55%

Sample of Losing Trades from the Leaderboard:  Dominated by Airlines & Financials

  • UAL Corp [UAUA  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you lost -12.95%
  • Wachovia [WB  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you lost -12.11%
  • Rockwell Collins [COL  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you lost -8.36%
  • Fastenal [FAST  Loading...      ()   ] if you bought on Thursday before 4pET and held/sold on Friday, you lost -3.24%

Bets for today (July 14th):

  • Mosaic [MOS  Loading...      ()   ]

  • CF Industries [CF  Loading...      ()   ]

  • Patriot Coal [PCX  Loading...      ()   ]

  • Alpha Natural Resources [ANR  Loading...      ()   ]

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

  • US Airways   [LCC  Loading...      ()   ]

  • Delta Air Lines [DAL  Loading...      ()   ]

  • Continental Airlines [CAL  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

© 2008 CNBC.com

Permalink: /id/25675853

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis