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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

768.0. "Investment Contest" by MR1MI1::SHERWIN (Jim Sherwin) Wed Sep 14 1994 11:22

    	FYI:
    
    	I've been using the "Security APL Quote Server", on the Web,
    	@ http://www.secapl.com/cgi-bin/qsx, via Mosaic, for stock
    	quotes.  When I accessed it yesterday, there was an announcement
    	about an "Internet Portfolio Management Contest".  The contest
    	requires you register by 12-Noon, Sep 15th (tomorrow).
    	Further info may be obtained, on the Web @ URL
    	http://www.secapl.com/pawws, via Mosaic or Lynx.
    
    	Good Luck!
    
    	Jim
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768.1You don't have to hurry, no entry deadlineNETRIX::michaudJeff Michaud, PATHWORKS for Win. NTWed Sep 14 1994 13:185
> The contest requires you register by 12-Noon, Sep 15th (tomorrow).

	I think you (or I :-) mis-read the rules.  I read the rules
	that you can enter ANY time before the END of the contest
	(Oct. 14th I believe).
768.2... and it's free!VMSDEV::HALLYBFish have no concept of fireWed Sep 14 1994 16:3317
    No purchase necessary. No entry fee. This is phase 1 of 3, running
    from 15-Sep thru 14-Oct. When you enter, anytime before 14-Oct, you get
    $100,000 of play money. You make trades interactively and can have your
    portfolio valued in real time. SECAPL is sponsoring this kind of as a
    show-off of their capabilities.
    
    No short selling, options or futures.
    
    The top 100 "portfolio managers" will have their names and E-mail
    addresses made public so that Wall Street Firms can offer them millions
    to trade real money. Or maybe just for notoriety's sake.
    
    If you don't understand http://www.secapl.com/pawws then you can look
    in SOFBAS::INTERNET_TOOLS for pointers to current versions of MOSAIC,
    LYNX or other products for accessing all this.
    
      John
768.3Here's the complete set of rules (as of 2 min. ago)NETRIX::michaudJeff Michaud, PATHWORKS for Win. NTWed Sep 14 1994 17:5357
Rules for Internet Portfolio Mangement Contest 

 1. NO PURCHASE NECESSARY. 
 2. Eligibility: Anyone on the Internet can play. 
 3. Timing: The PAWWS Internet Portfolio Challenge will be played in three
    rounds. The first round will
    begin at 12:00 a.m. September 15, 1994 and will end at 11:59 p.m.
    October 14, 1994. The second and third rounds will be announced. All times
    are based on the time in New York, U.S.A. During each round,
    access to PAWWS is 24 hours a day excluding scheduled maintenance times
    which will be announced in advance. 
 4. How to Play: 
      - Access PAWWS at URL: http://www.secapl.com/pawws. 
      - Every player is automatically allocated $100,000 in PAWWS CASH.
        THIS IS NOT REAL MONEY. 
      - All players start with $100,000 when they first access PAWWS
        regardless of when during a round they start during a round.
        (i.e. You could enter the last day with a $100,000 portfolio) 
      - Players may purchase and sell stocks through PAWWS with their
        PAWWS CASH. 
      - All trades will be priced according to the PAWWS quote server. 
      - Only securities that are known to the PAWWS quote server are
        eligible for trading. 
      - No options or commodities trading. 
      - Players may consult any of the services offered on PAWWS in order
        to plan and manage their portfolios. 
      - In order to simulate true-life transaction costs, each transaction will
	deduct $25 plus 1/2 of 1 percent of the "gross" (price times shares). 
      - All known cash and stock dividends, stock splits, tender offers,
        mergers, distributions and other capital adjustments will be applied
	to each portfolio. 
      - No selling short. 
      - No buying or selling on "margin" (i.e., you can only trade using
	PAWWS CASH you have). 
      - No trades based on non-public insider information. 
      - You can trade as often or as little as you want. 
      - The object is to amass the largest total portfolio value by the
        end of the round. 
 5. TOP MANAGER LISTING: The top 100 players, ranked by total portfolio value,
    will be listed in order of portfolio value. This Top Manager Listing will
    be made available on-line. 
 6. One PAWWS account per e-mail address. Duplicate accounts will be deleted
    in order of portfolio value. 
 7. Security APL shall act as sole judge for the PAWWS game, and its decisions
    are final. Security APL reserves the right to monitor trades and remove
    trades in violation of these official rules. 
 8. Players agree that PAWWS shall have the right to list their names and
    identities along with their total portfolio value if they are among the Top
    Managers and to use their names for advertising and promotional purposes
    without further compensation. 
 9. PAWWS and Security APL are not responsible for transmission failures of any
    kind or any other technical malfunction that interferes with the ability to
    access PAWWS or place any trade order. 
 10. Security APL employees and their families are not eligible to win. 
 11. VOID WHERE PROHIBITED. 
 12. Produced and operated by PAWWS, 101 Hudson Street, Jersey City,
     New Jersey 07302. email address pawws@secapl.com 
768.4NETRIX::michaudJeff Michaud, PATHWORKS for Win. NTThu Sep 15 1994 23:5019
	Ah shucks, the 700 shares of cabletron stock I bought Tues
	was up 4% ..... though it's good because the 8000 shares of
	US Air was down :-)

Date: Thu, 15 Sep 1994 18:42:24 -0500
From: tirdad@Cookie.secapl.com
To: michaud@vaxcpu.lkg.dec.com
Subject: *****PAWWS NEWS FLASH*****                                 

Thank you for participating in the warm up period this week.  
Your feedback has helped us significantly.  Please continue to
let us know if you have any suggestions or comments.          
                                                              
As you know, the first round of the PAWWS Portfolio Management
Challenge begins September 16th @ 12:01 am EST.  Your account 
will be reset to $100,000 (PAWWS play money) at which time you
may officially start playing.                                 
                                                              
Good Luck!!  We hope you're having fun!!!!