2008 ‘MadStock of The Year’ Champion

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!

2007 Champion

I bought JASO @ 3.57 in my long term account. This is one of the cheapest solar plays out there, and falls perfectly into the January effect category.

Two more days to enter.

Rules: Stock must be over $10, and no duplicate picks.

Current picks:

Sold HL @ 2.72

Took profits on my gold trade from Friday.

Gold Futures bust through a recent high this evening, closing in on the $900 level. Technically, gold looks great, I’ll post a few stock setups tonight.

I bought HL @ 2.41

There are a bunch of great setups taking place in Gold & Silver stocks. I’ll put some charts up this weekend, or you can sort through a few yourself:

• Gold
• Silver