For those who like to make predictions for the coming year, Victor Neiderhoffer, (The trader and proprietor of the very interesting, informative, and cheerful site dailyspeculations.com), has very generously created a "Market calls" contest for 2011. The person who submits the best three ideas for making money in 2011 will be eligible for a $2500 dollar prize. It looks like a great idea! Exact rules are at the page below: http://www.dailyspeculations.com/wordpress/?p=5652#comments
1) Short-sell out-of-the money put options. 2) Short-sell deep-out-of-the-money put options. 3) Short-sell deep-deep-out-of-the-money put options. :eek:
I do not think it makes a difference! Many here like to discuss/come up with year end predictions for the coming year. Here is a risk free contest where one can potentially win $3250 for your idea. What more needs to be said?
If you like that check out value investor's club. They pay out $5,000 twice a month. http://www.valueinvestorsclub.com/value2/Home/WeeklyContest
Valueinvestorsclub is another good one, I agree. However, you have to be accepted as a member, They do not let just anyone in. That average member there is of very high caliber (Professional/Hedge fund/very serious private investor).
Without having looked at that website, those kind of people are excited at the prospect of a $5000 payout?
How would I know what the excitement level generated by the reward is? What does it matter? It is what it is. Not every analyst/investor is a centi+-millionaire who sees 5k as having zero marginal value. I figure Joel Greenblatt (who runs the site) finds it worth his while to offer the reward, otherwise he would not do it.
He may actually get a "good" idea that can be worth centimillions of dollars to him in exchange for a pittance.