Post by imSINGLEruRICH on Mar 21, 2007 20:55:06 GMT -5
... ..Ingenious !! I luv it !and for those who haven't signed up for the portfolio challenge and want to....... .... freeee to play and a chance to win $1,000,000!!
www.cnbc.com/
kashman9
DIAMOND DIGGER
My Letter to CNBC Re:Their Portfolio Challenge
« Thread Started on Today at 8:26pm »
Dear CNBC,
Before I enter your “$1 Million Dollar Portfolio Challenge” I would like to ask you a few questions regarding the rules of trading for your challenge.
If I decide to short a stock that I pick for my portfolio will CNBC condone my strategy to “…create a level of activity beforehand that would drive the futures….” of the stock that I wish to short?
The reason I’m asking this is because if Jim Cramer feels that it’s safe to enact this type strategy that “the Securities and Exchange Commission never understands this” then I guess CNBC would condone it. This would mean that there’s a good chance that this strategy would work for me in your portfolio challenge.
Is this type of strategy a good and legal strategy for your challenge?
Also, in regards to the stock that I plan on shorting, I was thinking of calling a few hedge funds and asking them to “not do anything remotely truthful…” regarding my stock pick, “because the truth is so against your view that it’s important to create a new truth to develop a fiction…”.
So if a little negative fiction gets planted in the marketplace by a few of the hedge funds that I call, is this also a good and legal strategy for your challenge that might give me an advantage over your other contestants?
I figure, “Look, over maybe 2 weeks from now the buyers will come to their senses and realize that everything that they heard was a lie, but then again Fannie Mae lied about their earnings for 6 billion dollars, its just fiction and fiction and fiction. And I think its important for people to recognize, is that the way that the market really works, is to have that nexus hit the brokerage houses with a series of orders that can push down, then leak it to the press and then get it on CNBC, that’s also very important; and then you have a vicious cycle down…”
“It’s a pretty good game.” …and I think it might be a very good strategy for me trying to win your “$1 Million Dollar Portfolio Challenge”.
What do you think?
Before I try to enter using this strategy, I just wanted to clear it with you to see if CNBC will condone my strategy for winning your “$1 Million Dollar Portfolio Challenge”.
I await your reply, before I enter your contest.
Sincerely,
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