Stock Challenge

Hey guys,

I'm currently in a very competitive stock portfolio game at school where I'm competing with 50 other people to have the highest portfolio value by the end of this week. As of now, I'm in 5th and about $9,000 off the leader. Only first place gets a cash prize and its pretty substantial so I'm trying my best, but In the end I really don't know what I'm doing. Question is, If i get desperate, is there any stock/bond that I could use to bet it all on? Like a super leveraged etf or something with a bunch of intraday volatility so at least have a shot at #1? Thanks

 
Best Response

lol interesting:

Well if you want to take on that kind of risk and go for all or nothing.... here are some 3x ETFS

Fund Name Symbol Benchmark Leverage


Bull Funds


Direxion Large Cap Bull 3x Shares BGU Russell 1000® Index 300%


Direxion Small Cap Bull 3x Shares TNA Russell 2000® Index 300%


Russell 1000® Energy Direxion Energy Bull 3x Shares ERX Index 300%


Direxion Financial Bull 3x Russell 1000® Financial Shares FAS Services Index 300%


Bear Funds


Direxion Large Cap Bear 3x Shares BGZ Russell 1000® Index -300%


Direxion Small Cap Bear 3x Shares TZA Russell 2000® Index -300%


Russell 1000® Energy Direxion Energy Bear 3x Shares ERY Index -300%


Direxion Financial Bear 3x Russell 1000® Financial Shares FAZ Services Index -300%


Lol good luck

CD~

 

If you get really desperate... this is what you do...

  1. Look at the NASDAQ (probably the highest variance stocks here)
  2. Look at the top losers and do a standard statistical arbitrage model on them, and in tandem with this if they have any hope fundamentally put it in.
  3. Also, look up pharma companies possible that have high prospect drugs and are a good target for acquisition or just blow up with commercializing.

These are usually labeled (lottery tickets) in hedgefunds and usually only allocate around ~1-2% of the portfolio, but if you keep your eye out you will see big movers and big winners.

I actually have my own portfolio with real money and I took a good 40% from WAMUQ's big drop and rebound around mid March.

 

If you're desperate and want to bet it all, this is a simple way to do it:

FAS is a triple-leveraged financial bull ETF. That means if the financials go up 2% that day, FAS will go up about 6%.

FAZ is the opposite, it's a triple-leveraged financial bear ETF. So financials go down 2%, FAZ goes down about 6%.

These two are not meant for long term investing, only short-term (days, weeks) plays. So it comes down to this: do you think the stock prices of financial companies will go up by the end of the week, or down? That's a tough question to answer, but a sure-fire way to make sure you make money if you're right is to bet it all on one of these babies.

You can also leverage the hell out of your portfolio with options...

Wall Street leaders now understand that they made a mistake, one born of their innocent and trusting nature. They trusted ordinary Americans to behave more responsibly than they themselves ever would, and these ordinary Americans betrayed their trust.
 
Beef:
If you're desperate and want to bet it all, this is a simple way to do it:

FAS is a triple-leveraged financial bull ETF. That means if the financials go up 2% that day, FAS will go up about 6%.

FAZ is the opposite, it's a triple-leveraged financial bear ETF. So financials go down 2%, FAZ goes down about 6%.

These two are not meant for long term investing, only short-term (days, weeks) plays. So it comes down to this: do you think the stock prices of financial companies will go up by the end of the week, or down? That's a tough question to answer, but a sure-fire way to make sure you make money if you're right is to bet it all on one of these babies.

You can also leverage the hell out of your portfolio with options...

In all seriousness, there is a jobs report coming out on Friday, you know it will be BS because of all these census jobs.

How do you think the market will react? Finance added jobs last report, they probably will be in the black again, there is a good chance that if you sit by your computer all day Friday FAS will boom for a bit (open or close probs), cash out your chips when it's where you want it.

Then again, the opposite could happen. But your competition is all or nothing....I went all in on a F***ing pair of queens last weekend and lost to pocket aces at a 6 person table, neither of us making three.

This is why we trade and will be a GREAT lesson for you. Good luck

(Also FAZ goes up when Finance goes down I believe, correct? I think that was a typo earlier)

 

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