1. Registration Period - The Registration period for Wall Street Survivor's $50,000 Stock Contest begins on April 30, 2008. Wall Street Survivor reserves the right to limit or turn off registrations as it deems necessary.
2. Trading Period - The trading period begins May 1, 2008 and ends at market close on August 29, 2008. Traders may place orders anytime after market close on April 30, 2008 and those orders will execute at the market open on May 1, 2008.
3. Initial Cash Balance - Traders will be given an initial cash balance of US $100,000 of fictitious funds in their Wall Street Survivor account.
4. Eligible Securities - Traders can buy any common stock, preferred stock, or ETF listed on NYSE, NASDAQ, or AMEX exchange that is quoted by our data vendor with a bid of $.25 or higher. Traders cannot trade pink sheet stocks, mutual funds, options, futures, or bonds.
5. Order Types and Trade Execution - Market, limit, and stop orders will be accepted. All orders are executed at the real-time bid/ask prices as provided by our data vendor when placed during market hours. Due to exchange rules, the web page will display a delayed price estimate of the price until 15-20 minutes has elapsed. The transaction will automatically appear in the Trader's Portfolio and Transaction History.
Market orders placed while the markets are closed or before the market opens will be executed at an appropriate bid/ask price shortly after the market opens and contingent to trading volume on that particular stock. If the stock requested has not traded that day then the trade will be cancelled.
Trades placed after market hours can be viewed in the Pending Orders screen. Pending orders can be cancelled until 9:25 am ET on the day the trade is scheduled for execution. Pending market orders placed on halted stocks will be cancelled if trading does not resume by the end of the day.
Limit and stop orders may be placed as "Day" orders which are good for the day only, or as "GTC" orders, which are good until cancelled.
If a trader does not have adequate cash or buying power to process a trade, then the numbers of shares will be adjusted to allow the trade to be filled as best it can.
6. Commissions - Each trade will incur a broker commission fee of $10.00 which will be subtracted from their WSS cash balance.
7. Buying on Margin - Buying on margin is allowed for all securities with a price of $3.00 or higher. This means that the trader can borrow additional funds from Wall Street Survivor based on an initial margin requirement of 50%.
8. Short Sells - Short sell is permitted and short orders do not need an uptick to be filled. Short sells where the bid price of the most recent trade is less than $3.00 are not permitted. Proceeds from the short sell are restricted and cannot be used to buy additional stocks.
9. Splits, Dividends and other Corporate Actions - Most stock splits, dividends, and other corporate actions reported by the news wires will be accounted for after the markets have closed and prior to the next market opening. These situations may cause account values to be misrepresented until the reconciliation occurs.
10. Trading Halts - Halted, restricted, and blocked stocks will not be available for trading. Any trade that is confirmed after trading has been halted will be reversed.
11. Canceling Market Orders - Traders cannot cancel market orders place during market hours.
12. Discrepancies - Traders should report any account discrepancy within one (1) week from the transaction date. WSS will, at its sole discretion investigate and adjust any legitimate discrepancy. Discrepancies reported after one (1) week may or may not be adjusted.
13. Transaction Limits - Traders may invest a maximum of twenty-five (25) percent of their initial portfolio value in any one stock.
14. Trading Volume Limits - Order quantity cannot exceed 50% of the volume at the time the trade is submitted. If the order does not meet the volume limits, your order will remain open for 1 trading day. For the duration that order is open, if there is sufficient volume, order will be filled. This rule applies to only ‘buy’ or ‘short’ orders.
15. Initial Public Offerings -Initial Public Offerings (IPOs) may only be traded once they are listed on the exchange and their quotes are carried by the WSS data vendor. Pending trades on Initial Public Offerings (IPOs) will be executed at the market price, not the IPO price.
16. Transaction Limits -The maximum number of trades allowed for this trading period is 5,000.
17. Cash Prizes - are determined based on greatest portfolio value, one prize per individual, at the end of the trading period as per the following schedule:
Best Overall Trader
| 1st Place |
$6,000 7 nights in Aura Cozumel Resort - Wyndham Grand Bay
$600/night plus 2RT Air Tickets ($900 each)
|
| 2nd Place |
$3,000 |
| 3rd Place |
$2,000 |
| 4th Place |
$1,500 |
| 5th Place |
$750 |
| 6th Place |
$500 |
| 7th Place |
$300 |
| 8th Place |
$200 |
| 9th Place |
$150 |
| 10th Place |
$100 |
Best Overall Investor
| 1st Place |
$6,000 7 nights in Aura Cozumel Resort - Wyndham Grand Bay
$600/night plus 2RT Air Tickets ($900 each)
|
| 2nd Place |
$3,000 |
| 3rd Place |
$2,000 |
| 4th Place |
$1,500 |
| 5th Place |
$750 |
| 6th Place |
$500 |
| 7th Place |
$300 |
| 8th Place |
$200 |
| 9th Place |
$150 |
| 10th Place |
$100 |
Weekly Top Winner Cash Prizes
| 1st Place |
$300 |
| 2nd Place |
$200 |
| 3rd Place |
$100 |
| 4th Place |
$75 |
| 5th Place |
$50 |
Notice: - In order to qualify for the weekly prize, players must have a profitable portfolio. As of market open on the first trading day of the week in question players must have a portfolio balance greater than the starting balance of the contest ($100,000USD) in virtual currency.
Random Daily Draw for Any Trade on that Day
| 1st Place |
$100 Amazon Gift Card (1) |
Survivor Appreciation Prize
| 1st Place |
$200 iPod Touch |
The Survivor Appreciation prize is a random draw given to ONE Survivor who registered before April 30, 2008 and placed at least 1 trade between May 1 and May 30, 2008.
18. Winners and Leaderboard - Players positions on the leaderboard are unofficial. Players listed on the leaderboard may not be the actual winners. WSS conducts audits to determine daily, weekly and end-of-contest winners. All pricing information is received from Thompson Financial, an independent data provider, and Wall Street Survivor is not responsible for the accuracy of such data. All prices are an approximation of market value at the time each trade is executed. We will make a commercially reasonable effort to ensure that trades are filled at actual price at the time of trade, but we make no guarantee that the price at which a Participant buys or sells a stock will match any other price that may be found outside of the contest. If WSS finds trades counter to or outside the scope of rules WSS has final trading adjustment authority to rectify.
19. Winner Notification -Winners will be notified by us in a commercially reasonable timeframe, after the account audit process has concluded. Winner acknowledges that is it his/her responsibility to ensure that his/her contact information is valid and accurate. Winners must be over the age of 18 at the time of entry into the contest in order to be eligible to win prizes. Wall Street Survivor requires all winners provide proof of age of majority, residency and identity prior to the award of all prizes. Wall Street Survivor accepts no responsibility for inaccurate or invalid information submitted to us. Winners are responsible for any taxes due as a result of winning prizes. If confirmation response is not received by us within 14 days, the result may be forfeiture of any prize or award or earned as determined by Wall Street Survivor at its sole discretion.
20. In the event of disputes, the decisions of Wall Street Survivor are final
(1) Amazon.com is not a sponsor of this promotion. Amazon, Amazon.com, and the Amazon.com logo are registered trademarks of Amazon.com, Inc. or its affiliates. Amazon.com gift certificates are issued by AMZN Gift Certificates, Inc. and are redeemable only at www.amazon.com. See www.amazon.com/gc-legal for terms and conditions of use of Amazon.com gift certificates.