i just realized that there are a lot of people purchasing stocks around $40 and up, some buying even $100 stocks. remember that this is fine and all if you have the money to do this in real life. in this contest you are looking for the quickest way to the top. $100, $80, $40 stocks are not going to let you do that unless a merger or something drastic happens.
the most shares you could buy of a $40 stock is around 625. that means to get at least a $1000 return on that thing share price would have to increase around $2, which happens a lot with big stocks so you would think that youre alright and doing good, but in this competition since they cap off your investment with only allowing you $25000 of a stock as an initial investment, you have to capitalize on that.
$5-$20 will get you roughly 1250 shares. thats twice the amount you get for your $40 stock and half the increase in share price you need to reach at least $1000.
this goes for both longs and shorts. just learn how to play the game because of the cap they put on the amount of stocks you can buy. there are A LOT of good stocks out there around the $20 and lower! subscribe to ibd and start searching. PDO was a $5 and now look at it.
anyways, i havent posted much so thought i'd write this up as we get into the final months of the contest
goodluck!!