Goes to Market Monk with his pick Short pick in ABK – Ambac Financial Group.
On January 1st, 2008 ABK was trading @ $25.77, it is now trading at $1/share. If you would have followed Monk on his play you would be up roughly 100% on the trade. Congrats Monk on a great pick! We look forward to your pick tomorrow.
Your Prize: Brain, from AlphaTrends, was gracious enough to supply the winner of the contest with a signed copy of his new book. Look for that in the mail Monk.
Runner up: Goes to Sierra Water with his pick in RGLD, up 60% for the year.
It was an embarrassing showing with only 5 stocks, out of 45 picks, positive. Yes, that’s the kind of year it was, Good Bye 2008!
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Hey RC,
Thanks for putting on the contest. Shortly after the contest started I was kicking myself for submitting a “short” position. The most I could have gained is 100%. As it turns out the market was the worst ever in our lifetimes. It is truely a terrible market when a short position wins a contest. Good bye 2008!
I just received the book in today’s mail. It is an honor to receive this with both Brian’s and your signed congratulations. Already about 1/4 of the way through this awesome book. Will put up a review on the blog when I am finished.
Best of luck to you, Ibankcoin, and your readers for 2009! May your fills be fast, your profits swift, and your accounts overflowing.
Trade well,
MM
Congrats, Monk! Brian’s book will give you knowledge of the dark side of the Force. I read it, it’s a great piece.
Straight up.Don’t want no fucking book.Cheap Bastard.lol
A few beers & Lap Dance at RICK would have been more appropriate.
Congrats MM! Well done!
Now, I wonder if Sierra Water can be lured out of his gold lined bomb shelter, to receive his 2nd place?
Dayum, I thought RGLD was my pick. LOL.
At least it was in my port (and still is, but to a much lesser degree). 😉
_________
lol, I love how my pick CHNR goes from 9.30 to 12.00 within 2 days before the contest starts… Then again, it needed to be above 10 to count but… Oh well, I’m goin with it.
GL everyone in 09
I’ll stick my neck out with TBT. A year to judge this seems like a long time, but still I’ll go with TBT.