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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@bedrag@TheGalvanizer That's fortuitous, i'm in Vancouver. I'll pick up the scotch from you at year-end, ha ha!!
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@sihvHmm, I better buy my own scotch then unless it is a really expensive one.... I live in Europe... But I am doing well in the contest. With a bit of luck I could actually win it. 2017 the year of #lithium!?
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@Excelsior@Onlyflaws - I really just started following $LTBR (after scouring different people's choices in the #stockpickingcontest ;-)
The info on their Corporate Presentation just seemed nice to post for any investors following the #Nuclear#Energy sector. Yes, the longer term chart for Lightbridge looks rough, but so do most of the #Uranium sector for the last 5 years.
They provide enhanced nuclear fuel that is more efficient and safer due to Zirconium-Niobium cladding on the outside and a Uranium-Zirconium core. Seems like an interesting idea and they have a partnership agreement with $ARVCF Areva.
Lightbridge and AREVA Reach Agreement on Key Terms for Joint Venture to Develop and Commercialize Innovative Metallic Nuclear Fuel November 2, 2016
@EvenPrime@TheGalvanizer that is admirable of you to donate a bottle of your scotch! What I plan to do is show 2 results. 1, the biggest gain in portfolio wins. And two, I will update every friday, and give points accordingly, that way we can see who consistently stayed above the pack. Im thinking a username will receive one point per portfolio percentage rate per week. What do you guys think? Adds a bit more to the mix :)
@PamplonaTrader@EvenPrime No, not necessarily first place. As you may recall, I chose conservatively as opposed to swinging for the fences. I'd note that $NXE, despite having a larger capitalization, was a winning pick for last year's contest. So far in 2017, $NXE yet again appears to be a common denominator as anyone picking $NXE is sitting in the top 20 percent. I know the year is young, but if the turn around in the #uranium story is real... watch out! #stockpickingcontest
@CriticalInvestor@EvenPrime Don't really see the use of this highest points table? Weekly total return table is great stuff, thanks! Weekly update keeps it very much alive as opposed to last year
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@EvenPrime@CriticalInvestor - the highest points table was created in case someone on the main table who has lagged all year happens to get lucky on a single stock that goes to the moon just near the end of the year for example. Sure that person will win, but the points table will show who consistently stayed in the high percentages all year long. It is just for fun and does not contribute to the contest winnings. I just wanted to see who was consistently in the positive :)
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@Excelsior@bedrag and @Vaughan - I didn't want to ask @EvenPrime to do more than he already is, so I figured we'd just look at these #BonusPickShowdown selections at the end of 2017 and see whose bonus picks did the best. In a way, this became my project because the bonus picks took on a contest of their own, but I'm not as sharp as @EvenPrime with spreadsheets.
At year end I'll collect this group into a table and compare Dec 30th 2016 to Dec 29th 2017 and list the whole thing, but I haven't had the time to put out weekly updates. I guess if I just build the formulas into the spreadsheet it is fairly simple, but one has to go collect all the closing prices to keep updating the current price to compare it to the starting price. Over time I'll try to get this process going for #BonusPickShowdown , but it may be more like a monthly update :-) .
However.....If @EvenPrime wants to collect these into a table, I did my best to scour people's bonus picks from the #Index and #StockPickingContest and repost them in here at the end of December, along with their Dec 30th closing price. That data is up above but scattered over multiple posts.
We also don't have a table for the #SafestStockPickingContest or #SwingForTheFences ..... but it's a lot of work to ask @EvenPrime to keep up with all of it. Are there any other tech-savvy contributors up for the challenge?
@CriticalInvestor@EvenPrime Works both ways, if one is lucky enough to get that winner in the beginning he wins easily with that table, just a matter of luck with timing those winners. And luck could or could not have a lot to do with both scenarios in my view. Looks a bit like trying to add some kind of averaging/qualitative criterion to it but without stock analysis before and after (thesis played out right or not) this doesn't add much I'd say. Just my $0.02
@EvenPrime@CriticalInvestor yeah I know, I was thinking about that as well. But if someone's stock shoots up Jan 1st and stays that way all year, is that better than one that was negative all year and then shoots up at the end. I suppose its subjective. It is a really easy stat for me to track though so that is why I included it. If you have some other ideas, Im open :)
@TheGalvanizerI think the starting price for RRC.V on Jan 1 is incorrect - but the performance has been stellar regardless :)
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@LucTenHave@tommy@dirkdiggler - my #stockpickingcontest pick $teth.l is up almost 100% this year. That was/is very good risk reward for a junior explorco. I was betting on share price action after the listing on the TSX but it happened earlier. Since the AIM market is dubious to say at least, it may come back down for another buying opportunity
@kjmSometime we should have a contest of only resource stocks. Some of these penny techs hit it lucky and just blow % gains out of all normality. Doesn't really matter who wins, but personally I'd like to see a comparison of just mining company gains. #stockpickingcontest
@Excelsior@EvenPrime - @Vaughan described it at the top of the blog,
@Vaughan - "If you could only make one investment/trade with a minimum hold of 5 years, what would you choose? #Swingforthefences 1 from index, 27 Apr 2016, 09:22"
Unfortunately, I didn't read that when I made my picks because they were made in the regular #stockpickingcontest room (and I didn't know a room had been started by @Vaughan when he first tagged it back in April).
When I saw @PamplonaTrader throw in 3 more picks with a #SwingForTheFences tag, I just threw in 3 (actually 4 ha!) as well that I thought were long-shot and longer duration bets on a bright future of high potential return. They are NOT what I'd bet on if I could only make one trade and hold 5 years based on that criteria.
Personally, I was using the baseball analogy of #swingforthefences with long-shot higher risk but high potential reward home runs for my picks. Honestly, I didn't put much thought into those picks but considered these picks the highest risk (more than the other contests), and it appears @Vaughan actually had the opposite definition, so I did it wrong. If it is about safety, then I revert back to #safeststockpickingcontest.