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From: suhre@trwrba.UUCP (Maurice E. Suhre)
Newsgroups: net.invest
Subject: Stock Contest Comments
Message-ID: <1962@trwrba.UUCP>
Date: Thu, 27-Mar-86 19:50:25 EST
Article-I.D.: trwrba.1962
Posted: Thu Mar 27 19:50:25 1986
Date-Received: Mon, 31-Mar-86 08:14:34 EST
Organization: TRW EDS, Redondo Beach, CA
Lines: 20

I have substantial doubts about a stock picking contest.  It seems
to me that the *objective* of winning a contest is not the same
as the *objective* of investing.  After all, if your stock picks
in a contest go straight down the dumper, you still haven't lost
anything.  If you *owned* those turkeys, you'd have lost a lot
(unless you managed to cut your losses).

I guess I'm saying that I can stand a lot of risk in a stock
picking contest, and I might not want anywhere near that risk
for my investments.

It would seem that the strategy for no-money stock contests is to
pick some risky stuff and hope you hit.  Sort of like long shots
at the track.

Finally, what does this contest prove?  Or accomplish?

Maurice

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