Yahoo Investment Challenge
 

The October Game

"If you can't learn to change your mind, you'll soon have no change to mind!"
Check out the TOP GUN'S Top Trades
October 25, 1998
VIP! VIP! HOORAY!!!
Like the Energizer bunny, VIP keeps Going an Going  bringing fame and probably real fortunes to those that discovered this beaten down stock when it was $4 ( way back around October 1).  It has since soared to 12+ retreated to 10 then powered to 14 plus change last week. Those that held it from the beginning and there are at least three (maybe the same person with 3 ID's) returned to leaders circle. This proves you can win a trading contest by not trading ala Warren Buffet! It was an amazing pick and considering there are over 140,000 portfolios in the contest only a few skillful traders have been able to beat it. But if you bought VIP at $50 last summer you might have traded it for a case of vodka by late September.
 

OTHER WINNERS
There have been other great picks. TSA put its holders in the circle before succumbing to profit taking, but there have been many many others. Checking back on the order history of our leaders shows some amazing lift-offs in stocks that most of us have never heard of. This very interesting assortment runs the gamut of industries from Russian telecom ADR's to Rocky Mountain Internet Warrants! Certainly here is a great list of stocks to study for longer term considerations.

THE FINAL WEEK: $300,000 and Holding?
Those on the very top with $300,000 are now sitting pretty with almost no chance of not being in the top ten providing they don't trade and pick a loser. But who will be number one? They must be watching each other like hawks hoping the other guy makes a mistake and at the same time searching for some scalping opportunities. Those like me with only half as much are trying to find the 100% winner with only 5 days left and as the saying goes hungry money almost never wins! But hasn't the easy money probably been made and now the overall market is ripe for profit taking? In the real world after an explosive three weeks like we have just enjoyed, it might be smart  to bank the winnings and take the rest of the year off! But few of us have the will power to just turn this thing off and you can't catch the leaders by doing nothing. So come Monday morning onward and upward I hope!

I would like to thank Yahoo for this contest it has been fun and those of us who have never tried electronic trading have benefited from the experience. Being an EX-Broker from back in the good old days when you HAD to pay $110 commission to buy 100 shares, it's little wonder that electronic trading is so popular and has created a whole new industry of players. Now you can even exchange the traditional and expensive broker's hand holding for the messaging boards at Yahoo and  learn both sides of the story.

Good Luck to all and check back for updates as the countdown continues for in the end THERE CAN BE ONLY ONE.


Check out the TOP GUN'S Top Trades

John G. Mueller
http://www.aliveweb.com
aliveweb@yahoo.com
Top Gun Sites and commentary  by John G. Mueller are intended to be of interest to those playing the Yahoo Investment Game and in no way should to be misconstrued as investment or trading advice.
It's just for fun folks!jgm