iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

CNBC Challenge

Can it make you money?

Earlier this week I almost took a position in [[BBI]] for two reasons. First, Notable calls had a good note on it. Second, CNBC was claiming it was the most widely held name in their challenge. After reading the second reason, one might think this is absurd, but I remember a lot of names running in correlation with CNBC’s game.

I was hesitant to take a position in BBI and missed the small run it had. However, earlier today CNBC mentioned [[SOLF]] was a widely held name. This time I said, “What the hell, let me take some down.” Sure enough a few minutes later, I was up a quick buck.

This probably means nothing, it might just be because everything I touch turns to gold, but it is something I will monitor. I may put the most widely held names on the screener just to see if I notice anything.

Update: Make that $2 bucks on [[SOLF]]

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