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Current DateTime: 01:06:41 06 Sep 2008
LinksList Documentid: 23371764
    • Thailand's SET to Correct?

        Emerging markets investment guru Mark Mobius told CNBC's Asia Squawk Box that he's bullish on Thailand as an investment destination long term. But he's also looking for a 20% to 30% correction in the market. Let's see whether the charts agree.

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Nearly 1.7 billion shares and more than $18 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge.  With the contest nearing an end on July 18th, currency traders are scuttling to top the leaderboard. The top currency trader has a $400,000+ gain lead over currency contestant 2 & 3, with a net profit of ~$643,000 since forex 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:

  • Contestant one is ahead on EUR/USD [$$EURUSD  Loading...      ()   ]pairs, as this contestant executed over 500  EUR/USD trades, gaining him nearly $220,000 alone over the past two days. Euro fell slightly during intraday on Thursday against the dollar on a $5 drop in crude oil from prior day, but later poor U.S. earning reports helped EUR/USD close higher, neared the 1.5862 level 5Pm ET.

  • Contestant two made over $215,000 since the start of the contest, and has a floa ting profit of over $43,000 from a long position in EUR/JPY [$$EURJPY  Loading...      ()   ] held since Wednesday morning. Potentially, this trade can increase his portfolio, if the contestant closes his position in EUR/JPY. This pair reached 168.38 late Thursday versus 166.38 late Wednesday.

  • For the third time this week, Ambac Financial [ABK  Loading...      ()   ] leads the Top 5 Most Active stock, with 91 million shares traded.

  • Sirius Satellite Radio [SIRI  Loading...      ()   ] continues to hold the top spot in the Widely Helds with over  2.4 billion held shares, followed by Rite Aid [RAD  Loading...      ()   ]

  • Industrials represent 35% of the top widely helds, followed by Financials at 25%.

Sample of Top Trades in the Leaderboard: Led by Financials and Airlines

  • Huntington  Bancshares [HBAN  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you made 40.3%
  • MGIC Investment Corp. [MTG  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you made 39.2%
  • HNI Corp. [HNI  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you made 29.3%
  • Freddie Mac[FRE  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you made 21.96%
  • American Airlines [AMR  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you made 18.7%
  • Fannie Mae[FNM  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you made 18.16%
  • Northwest Airlines [NWA  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you made 15.28%

Sample of Losing Trades from the Leaderboard:  Led by Energy, predominantly Coal

  • Patriot Coal [PCX  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you lost -14.52%
  • Goodrich Petroleum [GDP  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you lost -12.37%

  • Canadian Solar [CSIQ  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you lost -12.01%

  • James River Coal [JRCC  Loading...      ()   ] if you bought on Wednesday before 4pET and held/sold on Thursday, you lost -11.28%

Bets for today (July 18th): Dominated by Material mining companies & Airlines

  • Agnico-Eagle Mines  [AEM  Loading...      ()   ]
  • Pan American Silver [PAAS  Loading...      ()   ]
  • Hecla Mining [HL  Loading...      ()   ]
  • Continental Airlines [CAL  Loading...      ()   ]
  • UAL Corp.  [UAUA  Loading...      ()   ]
  • Delta Airlines [DAL  Loading...      ()   ]
  • Schlumberger Ltd. [SLB  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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