Wednesday, March 7, 2007

CNBC Update

I'm in 426th place in the early going of the CNBC contest out of I think around 200,000 people or so. I rotated out of NEW yesterday after a 10% gain so now I have over $1,100,000 in CNBC Bucks. I'm putting all my money in Meritage Homes today. It's currently my favorite stock, even though I'm down 14.21% in real money since I bought it. It probably won't fluctuate quite like NEW, but I'm hoping it steadily goes up until I find another stock that may swing wildly so I can get in the last 20. I may have made a mistake selling out of NEW, because it's up again today, but I wanted to protect my 10% gain and try to build on it. But so far, I'm off to a solid start.

No comments: