With less than 20K separating first from fourth place, the grand prize of the CNBC Million Dollar Portfolio Challenge is up for grabs. The market today is pretty quiet, with S&P futures up only 3.60 at the time of this writing. Oil is down slightly, the dollar is up a hair, and it’s a mixed bag of winners and losers among the most popular stocks in the contest. As long as you’re not long GOOG, you still might have a fighting chance to win it all. You’re just going to have to work for it. Like in “Mad Max Beyond Thunderdome”, it’s “Two men enter, one man leaves”, except for the fact that women have been well-represented in the contest’s top performers. But like the movie, you can’t stop moving and you have to use all the weapons, I mean tools, at your disposal to wring out a last-minute winner.
Even if you don’t take home a prize, you should all be proud of yourselves. Sure, SIRI didn’t do anything, and some of the other contest favorites proved to be duds. But considering that the S&P 500 is down over 11% since the start, it’s remarkable how many profitable accounts there are when you’ve only been able to buy stocks. How many professional money managers can say that? Currency traders garnered impressive gains, too, showing your collective flexibility in looking for opportunities wherever they lay. So, congratulations to whoever grabs the brass ring and takes home top prize. I hope everyone had fun and learned a few things. As I sign off, I want to wish everyone the best of luck in your trading. May your fills be quick and your winners numerous!
