Ha! Nice one! That reminds me of a paper I read earier this year...there is a genuine bias to investing in companies closer to home - and that's at the state level, not just domestic vs international. Love it!
Following my winning formula from last year i have reviewed firstly my portfolios and secondly my watchlists for stocks that look cheap, are exposed to transition and have potential, have come up with the following in no particular order.
MXI - MaxiTRANS (Good business still in transition)
TRY - Troy Resources (Solid producer, gold set for a turn around)
APY - Azonto Petroleum (Reverse takeover shell, pure speculation)
RFX - Redflow (Has niche product for industry in transition)
TPI - TPI Enterprises (Business in transition, Narcotic Raw Material)
You will notice a theme of transition, the market dosent like change - i however do, this year im being a lot more speculative as i thought i was to conservative last year.
Good luck to all and thanks again joe for making this comp official.
I assume here that the "$10,000 in trade value in the past five days" rule to mean that the total trade value for all the past 5 trading days put together should be greater than 10K. Not that >10K must have been traded in each of the past 5 days. Otherwise my #4 would be an invalid entry.
Entries have now closed in the 2016 calendar year stock tipping competition. Thank you to all those who have entered.
Like the monthly stock tipping competition, I have decided to award cash prizes to the top three placegetters:
1st Place: $200
2nd Place: $100
3rd Place: $50
Please use this thread to discuss the competition as it progresses. I will endeavour to provide monthly updates as soon as possible after the end of each month.