Thursday, November 8, 2007

WTN Contest Winner for Oct 9 to Nov 7

Congratulations Joseph Boccuzzi for choosing to buy the Canadian Dollar which advanced 9 average ranges from the last meeting based on the FXC etf going from 102.19 to 108.09 where 0.66 was the 10-day avg range as of the close October 9th.

2nd place: Bob Way - long GLD +7 ranges (73.36 entry, 1.32 avg rg, 82.58 last, +6.98 ranges)

3rd place: Barbara Rockefeller - long FXE (EuroCurrency) +6.4 ranges (141.66 entry, .813 avg rg, 146.89 last, +6.43 ranges)

4th place: Mark Juviler - short DJIA for a 3.7 range profit. (14078 entry, 210 avg rg, 13300 last, -3.7 ranges)

That is the last profitable idea.

5th place: Tim West - long Semiconductors via PSI etf at 18.85 to 17.76, with 0.33 avg rg, loss of -3.3 ranges.

6th place: Tom Saracena - basket of 3 momentum stocks WBMD, RVBD, TBSI which lost 25% on average, but had average volatility of 5% daily = 5 average range loss.

7th place: Stan Katz - long US Dollar via Eurocurrency etf FXE = loss of 6.43 ranges (opposite of Barbara Rockefeller's trade above)

8th place: Ken McCue - long Uranium via Uranium futures = loss of 8.8 ranges, but only down 2.6% because of low volality in uranium. It has been a low volatility price decline.

Congratulations to the big prize winner - Good luck for the next competition - winner to be based on the closing price of the December 5, the first Wednesday of December.

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