hi len, good afternoon. thank you

Mick:

I suggest you go to the PSL3 (The 3rd contest and the present contest) and read the IBox.

http://www.investorshub.com/boards/board.asp?board_id=5644

Len

hi skillz... how does this stuff work here?

There is a law of nature that when many different people collaborate their guesses as to an outcome they are far more accurate than any one person's guess. Even when it has to do with something that is realtively impossible to know or to predict.

Thus market efficiency is more prominent when high volume is present, ie NYSE.

Something to consider.

here's another one that didnt make your list:

ARBK:

http://www.sec.gov/Archives/edgar/data/803097/000114420406009851/v037723_10qsb.txt

i have been a shareholder for several years.

negative asset value but slightly profitable. shell play.

Lazarus

PSL1 + PSL2 RETURNS (THE LATEST):

Since SSK posted the PSL1 returns as of this weekend (19 weeks after the contest) and the PSL2 returns as of 2 weeks after the contest, I decided to put those two together and take the average.

Mr. Sheep is not #1. Technically, at this moment, it would be correct to say that the best performer since we began PSL1 is EREHWONTIM (+79.27%).

I find it interesting how bunched the group is - especially at the top.

 1. 79.27% Erehwontim 
  2. 78.69% Mr. Sheep 
  3. 77.09% Bigpike 
  4. 74.78% Lentinman 
  5. 70.00% Abh3vt 
  6. 65.73% Guy 
  7. 64.93% Stanu78 
  8. 58.62% Nilescrane 
  9. 52.61% Larrybaz 
 10. 49.73% Hogfan 
 11. 49.37% Bucfan 
 12. 48.06% Kipp1440 
 13. 46.35% Linuspop 
 14. 45.18% CWS9 
 15. 44.58% Tmcal6

VMC PSL 2 Indexes (Two Weeks After The Contest Has Ended)

Commentary: The top 246 index is pretty obvious it is an equally weighted index of all the stocks picked in the contest. The average portfolio return, means exactly basically what it says. Now the top 23 index is a different story? Why 23 you may ask? Well since you can't get an even # with all the ties, I decide to look at this from a votes perspective, my opinion was anything that received 5 votes or more was kind of a sheepish stock, so there are 23 stocks that received 5 votes. Hence why I created the top 23 index. As we can see the more sheepish stocks are ahead again. Go Sheeps. LOL.

All Indexes are equally weighted.

Top 23 Index: +37.57%
Top 246 Index: +16.10%
Average Portfolio Return: +26.67%

VMC PSL 2 Contest Standings (Two Weeks After the Contest Has ended).

Commentary: This will be the last time I update these standings, as I will be deleting the portfolios to make room for VMC PSL 3. So without further ado the info. is below.

Stock Pickers Alias---% Gain/Loss
1 abh3vt 124.09%
2 digitech 121.75%
3 networm 105.79%
4 stanu78 88.74%
5 mr. sheep (Rebalanced) 80.02%
6 lentinman 77.41%
7 mr. sheep 77.12%
8 steeledge 75.15%
9 nsomniyak 74.87%
10 Apish 74.09%
11 pattydady0 70.71%
12 erehwontim 60.67%
13 financial advisor 58.62%
14 larrybaz 52.88%
15 shmolton 49.64%
16 guy 46.92%
17 sskillz1 46.71%
18 kipp440 45.91%
19 linuspop 45.34%
20 bucfan33617 43.26%
21 tubberclare 42.36%
22 bigpike 42.22%
23 researcher59 41.73%
24 threes 40.03%
25 jim_wi 38.98%
26 snakeman84 38.00%
27 yielddude 37.85%
28 worthylion 37.51%
29 cliffvb 37.13%
30 pnnymn 34.51%
31 arnie70 32.34%
32 wadegarret 31.47%
33 bobwins 30.44%
34 stevenrisk 29.64%
35 run168 25.97%
36 lasherm1 25.90%
37 rrainman9999 25.72%
38 melstob 25.32%
39 niles crane3 24.98%
40 danlc 23.82%
41 hweb2 23.75%
42 c1001 23.61%
43 mrdmrd 22.76%
44 bleutigredancing 21.98%
45 tmcal6 21.81%
46 knowledgeisking 20.84%
47 valuemind 19.70%
48 2morrowsgains 18.74%
49 tatrader11 18.35%
50 bones1420 17.66%
51 littlejohn 17.43%
52 gusmn1 16.73%
53 steve0082 14.65%
54 tbone58x 11.25%
55 beigledog 11.21%
56 berliet 11.21%
57 carguy 11.08%
58 mike056 10.93%
59 blue in mi 10.67%
60 rsadey 10.54%
61 derek5098 10.02%
62 crochntr 9.17%
63 swb173 7.23%
64 echos 5.37%
65 bbotcs 5.36%
66 swanlinbar 5.16%
67 nutsaboutgolf2001 5.16%
68 deathtotaxes 4.67%
69 mikes97707 4.53%
70 rmiwa 4.18%
71 yinser 3.65%
72 thealicemay 3.46%
73 roguedolphin 2.88%
74 10bagger 2.08%
75 stock peeker 1.61%
76 hogfan 0.22%
77 fructose -0.67%
78 estimated prophet -1.77%
79 swampboots -2.59%
80 gilead23 -2.74%
81 footwedge -3.20%
82 skeptical optimist -5.00%
83 zen lunatic420 -6.73%
84 timhyma -7.68%
85 rrufff -8.81%
86 joeiniowa -8.91%
87 cws9 -9.12%
88 msgi -10.84%
89 otc bb king -11.47%
90 otcbargains -15.42%

Gilead23, you can post them on psl 3, and I will take your picks, you always have the right to change them up until the deadline. Hope this helps.

Question Len

Would it be acceptable to send you a list of picks and then modify them later?

I have some sense of what I would pick however I suspect like most people I am holding off because I don't know what kind of news or price changes could happen in the next week.

I doubt the picks would change.

This would be easier for me but I suspect for you as well so you guys wouldn't be inundated with lists the end of next week.

Rogue:

It is clearly a CONSPIRACY.

... As much as I would love to leave it at that, your return would be 94.66%. I misstated earlier because I made a mistake. SSK is right.

Here are your six picks and their returns.

CHAR +121.15% 
 CXPI - 13.27% 
 EGY  +116.76% 
 HPCO +100.00% 
 NXG  +310.81% 
 YIWA - 67.50%

Something doesn't seem correct?? 4 of my 6 PSL1 picks are up anywhere from 100% to 400% and still my return is only 94.66%?
My 5th and 6th picks weren't that bad to lower the return that much.

The picks...

roguedolphin: CHAR.ob, CXPI.ob, EGY, HPCO.ob, NXG, YIWA.ob


The return???

9 ROGUEDOLPHIN 94.66%

Something really seems "amiss". Maybe a bad qoute or number "plug-in"? What do you have to do to be #1?? LOL!!

SSK: CORRECTION:

I see the main mistake was HOM. They were +726%, not +889%.

Len

SK,

Thanks for the update, it was great to see my name in the top 10 for PSL1 now. Now if I can only time the performance to coincide with PSL3...

Mat

SSK:

One of us has something seriously wrong. I'll try to figure out what, but I have to leave now.

Len

VMC PSL 1 Standings (As of Today)

Commentary: Rogue, Here is the PSL 1 standings, this will probably be the last time I report these results. Without further ado the info. is below.

Name---% Return
1 BIGPIKE 177.44%
2 HOGFAN 163.42%
3 RRUFFF 142.65%
4 SKEPTICALOPTIMIST 128.43%
5 BUCFAN33617 110.02%
6 CROCHNTR 103.57%
7 CWS9 101.25%
8 GUY 100.08%
9 ROGUEDOLPHIN 94.66%
10 RMIWA 92.72%
11 OTCBARGAINS 92.33%
12 NILES CRANE 87.69%
13 EREHWONTIM 84.41%
14 COFFEE 221 74.35%
15 TBONE 58X 73.61%
16 DANLC 73.38%
17 LENTINMAN 71.52%
18 TMCAL6 69.41%
19 10BAGGER 66.44%
20 MR. SHEEP 64.25%
21 LARRYBAZ 62.06%
22 ARNIE70 61.83%
23 ECHOS 61.66%
24 SLEESTACK76 61.25%
25 SWAMPBOOTS 60.67%
26 KYK2001 56.47%
27 GILEAD23 52.96%
28 CLEVERROX 52.72%
29 MIKEO56 50.76%
30 JOEINIOWA 50.01%
31 PLOP PLOP FIZZ FIZZ 49.73%
32 NUTSABOUTGOLF2001 48.81%
33 AVANDALAY05 47.28%
34 MSGI 45.39%
35 MIKES97707 43.49%
36 BBOTCS 42.66%
37 WORTHYLION 41.05%
38 ELOHSSA 39.93%
39 VALUEMIND 38.34%
40 KSUAVE 32.74%
41 KIPP440 32.04%
42 RAWNOC 31.18%
43 PHIL (BULLRIDER) 30.58%
44 STANU78 30.35%
45 BOBWINS 29.92%
46 PATENTLAWMEISTER 27.53%
47 STEVENRISK 27.38%
48 CLIFFVB 24.85%
49 FINANCIALADVISOR 24.13%
50 MRDMRD 23.30%
51 RJSADEY 21.08%
52 ABH3VT 20.14%
53 FOOTWEDGE 19.55%
54 BEIGLEDOG 19.03%
55 LINUSPOP 17.49%
56 MOBEONEADOBE 17.32%
57 2MORROWSGAINS 16.30%
58 KNOWLEDGEISKING 15.14%
59 C1001 15.08%
60 SSKILLZ1 11.56%
61 THEALICEMAY 10.54%
62 STOCKPEEKER 9.16%
63 RESEARCHER59 7.91%
64 PC 3.56%
65 ESTIMATED PROPHET 3.54%
66 SHMOLTON 3.15%
67 JIM WI 1.06%
68 DEATHTOTAXES -0.37%
69 JERRY IN CT. -2.18%
70 ZEN LUNATIC420 -2.32%
71 SWB173 -2.34%
72 SWANLINBAR -2.52%
73 HWEB2 -6.39%
74 YIELDDUDE -9.02%
75 SANDMAN777 -18.94%
76 RRAINMAN99 -28.38%
77 HOMERROMER -45.58%

Rogue: PSL1:

I didn't run all the numbers, but it is pretty obvious to me that the winner today would have been someone with HOM - which is +889%.

There were only three people with it - Bigpike, Hogfan and Rrufff.

You would have been +146%. Our champion (CWS9) would have been at +101%. However, the HOM boys would have been as follows - based on my quick calculations:

+193% Bigpike
+191% Hogfan
+170% Rrufff

Len

roguedolphin: CHAR.ob, CXPI.ob, EGY, HPCO.ob, NXG, YIWA.ob

I've got to be winning this PSL1 contest now(LOL!...better late than never!) .....there's 4 picks of my 6 that are solid 100% to 400% gainers!!

One is down about 60% and the other about 25%.

Can we get a PSL1 update??

CHAMPIONS BOARD:

The IBOX has been updated and includes a few words from our winner (NETWORM).

http://www.investorshub.com/boards/board.asp?board_id=4067

Len

Shmolt: Yes.

Len

OK, so a closing price of over .25 on the 19th, correct?

Shmolt:

The answer is no. You must have 6 stocks that are above 25 cents. If you pick a stock under 30 cents, we either need a back-up in case it ends below 25 on Friday's close OR you can have until midnight Friday to pick a replacement (assuming no news) OR the worst case is we ascribe a cash position.

Len

Can you still pick a stock under .25 but have it counted as a cost basis of .25 or is that gone this time?

PSL3: Board Link:

http://www.investorshub.com/boards/board.asp?board_id=5644

I believe the IBox is correct. Both SSK and I have gone over it several times. If anyone finds anything that seems wrong, please bring it to our attention on PSL3.

Len

got it...thanks

KIK, I can't get the link to work, but you can easily find the board by clicking on my name, as I wrote a message on that board today. Hope this helps.

could you post the link please...

KIK, yes there is.

Is there a PSL3 board yet?

EVERYTHING YOU EVER WANTED TO KNOW....

.... about PSL2 before, during and after the contest, is in the IBOX. The results are in the bottom half.

Len

Wade I don't have PM

Drop me an email via PM and I will get back to you

VMC PSL 2 Indexes (What are the indexes doing the week after?)

Commentary: The top 246 index is pretty obvious it is an equally weighted index of all the stocks picked in the contest. The average portfolio return, means exactly basically what it says. Now the top 23 index is a different story? Why 23 you may ask? Well since you can't get an even # with all the ties, I decide to look at this from a votes perspective, my opinion was anything that received 5 votes or more was kind of a sheepish stock, so there are 23 stocks that received 5 votes. Hence why I created the top 23 index. As we can see the more sheepish stocks are ahead again. Go Sheeps. LOL.

All Indexes are equally weighted.

Top 23 Index: +44.50%
Top 246 Index: +21.20%
Average Portfolio Return: +32.14%

VMC PSL 2 Standings (A look a week after the contest was over)

Commentary: Well if the contest ended this week ABH3VT would have won. ABH3VT is currently up 134.62%. We also notice that the rise of the Sheep continues in 4th and 5th place at the moment. There are 80/90 portfolios up the week after the contest ended. Without further ado the info. is below.

Stock Pickers Alias---% Gain/Loss
1 abh3vt 134.62%
2 digitech 125.27%
3 networm 120.77%
4 mr. sheep (Rebalanced) 90.18%
5 mr. sheep 85.95%
6 nsomniyak 85.45%
7 stanu78 84.69%
8 Apish 84.17%
9 steeledge 78.58%
10 lentinman 77.60%
11 financial advisor 67.59%
12 pattydady0 66.84%
13 larrybaz 64.12%
14 guy 63.66%
15 linuspop 62.89%
16 jim_wi 58.59%
17 shmolton 57.42%
18 erehwontim 56.41%
19 kipp440 55.02%
20 threes 53.28%
21 bucfan33617 52.11%
22 sskillz1 50.22%
23 researcher59 48.14%
24 arnie70 47.35%
25 tubberclare 46.65%
26 pnnymn 45.57%
27 cliffvb 45.29%
28 snakeman84 45.13%
29 worthylion 44.14%
30 wadegarret 41.58%
31 bigpike 38.88%
32 stevenrisk 37.26%
33 hweb2 35.56%
34 run168 35.35%
35 mrdmrd 35.12%
36 yielddude 34.42%
37 bleutigredancing 33.73%
38 danlc 31.50%
39 tmcal6 30.52%
40 bobwins 30.40%
41 rrainman9999 29.25%
42 melstob 28.50%
43 lasherm1 28.26%
44 knowledgeisking 27.79%
45 c1001 26.30%
46 valuemind 24.11%
47 2morrowsgains 22.81%
48 niles crane3 21.01%
49 tbone58x 19.54%
50 tatrader11 19.49%
51 gusmn1 19.36%
52 steve0082 19.24%
53 derek5098 19.23%
54 berliet 19.09%
55 littlejohn 18.39%
56 bones1420 18.25%
57 mike056 15.82%
58 blue in mi 14.66%
59 stock peeker 14.16%
60 echos 13.18%
61 yinser 12.92%
62 beigledog 12.82%
63 rsadey 12.02%
64 estimated prophet 11.94%
65 carguy 11.73%
66 bbotcs 10.22%
67 crochntr 10.03%
68 thealicemay 9.35%
69 rmiwa 8.41%
70 hogfan 7.59%
71 deathtotaxes 7.48%
72 mikes97707 7.19%
73 nutsaboutgolf2001 6.08%
74 swb173 5.56%
75 10bagger 4.91%
76 timhyma 3.79%
77 gilead23 3.18%
78 zen lunatic420 1.85%
79 swampboots 1.26%
80 swanlinbar 1.13%
81 roguedolphin -0.48%
82 fructose -0.93%
83 footwedge -2.95%
84 msgi -4.19%
85 cws9 -4.50%
86 skeptical optimist -6.63%
87 rrufff -6.89%
88 otc bb king -9.87%
89 joeiniowa -10.18%
90 otcbargains -10.61%

JFF7, the picks need to be in before the close of the market on may 19th.

JFF7, the beginning of PSL3 is May 22 with the prices of the stocks as of the close of Friday, May 19.

when does PSL3 start? What is the deadline for entry?

Sorry if this is already common knowledge to all the players but I am new to the contest.

JFF7

nsom:

You know, you give a guy an inch.....

I DON'T KNOW! Just when you think it is safe to go back into the water. I'll wait to hear from SSK on that one.

I understand the question and it is a reasonable question. The odds of it mattering are probably very slim, but I suppose it could.

Len

Len - here's a question - if my wild card stock becomes "VMC eliglble" DURING PSL3 (i.e. a profitable pinkie moves to the otcbb, or a not-yet profitable otcbb stock posts a quarterly profit), can I trade one of my other stocks into a NEW wild card stock?

Nsom:

I will. But, I wanted to make sure we had all our ducks in a row here first. With the extra week, I figured I would do it this weekend.

Len

Len - any particular reason you are not posting the PSL3 rules and discussion on the PSL3 board?

Len re publishing results:

As one who has dwelled in the second half of the list for both contests, I would vote for publishing the results of all participants. Easiest way for me to follow how I am doing. Can't believe anyone is so invested in the contest that they worry about "looking bad." I mean, there is nothing real at stake here -- it's just a fun way to get a compilation of good stock ideas every 3 months.

Steve

ONE CHANGE TO PSL3:

Before you get too excited, just remember...

... ALL YOU HAVE TO DO IS PICK 6 STOCKS THAT ARE OVER 25 CENTS - just make sure at least 5 of them have earnings and report...

EVERYTHING ELSE is part of the strategy of the contest. You can participate in as much strategy as you the rules allow or none at all. The choice is yours.

ADDITION: We forgot about RMIWA's request and it is a reasonable request. It is called Doubling Down. If you decide that you don't like one of your stocks and you want to trade it for an equivalent amount of money into one of your other stocks, you can.

1) You have to wait 2 weeks into the contest - and like other trades or freezes, it will expire 2 weeks before the end of the contest.
2) It will count as one of your 3 transactions.

Just keep in mind that if the stock you are trading has gone from $1,000 to $800 or $1,200 or anything else, that you will only be buying that much money of the stock you are trading into. This is true whether you own the stock or don't. So, in that sense, it isn't a true "Double Down", but it makes a good sound bite.

Len

The idea was that you have to select 6 distinct stocks to begin with, but if during the contest you decide that the stock with the most potential for gain is one you already own, you can sell another stock for 2 shares of an existing holding.

Mat

LEN,,This it ,trading one to double up
http://www.investorshub.com/boards/read_msg.asp?message_id=9937645
PADDY ,, thanks

RMIWA:

Hum. I forgot about that. I presume SSK did too. What was the idea again?

Len

Len,

What caused you to decide against a "double down" rule? Just curious.

Mat

MSGI:

"Wouldn't want him to give the whole list as I am sure the rest of the crowd that finished in the bottom half are sure glad that we don't have to look at that any more."

You notice when I gave the combined rankings for both the percent gains in PSL1 and PSL2 and the combined rankings for both the rankings of PSL1 and PSL2, I only showed the top 30 originally, then the top 40.

Personally, if it was me, I would not publish anything past 40th place, or maybe 50th at the most. As you know, I think a good deal of it is luck - certainly on any single contest. I don't see any reason for someone's name to be buried at the bottom for 3+ months every single day. Why?

Now, if everyone wanted that, then fine. But, who wants to see their name at the bottom day after day after day just because they picked a couple bad stocks that are killing them? I would be concerned that they would lose interest and not want to compete again for fear of looking bad again.

Obviously, I could be wrong, but I would only publish the top 40 unless, and until, I got pressure from everyone to do all of them. But, SSK can do it however he pleases!

Len

Len, I'm sure that SSK could keep everyone updated as to how the top 20 or 30 people are doing had the contest continued. Wouldn't want him to give the whole list as I am sure the rest of the crowd that finished in the bottom half are sure glad that we don't have to look at that any more.

Steel: RE: CHID:

You and be both!

"I would hereby like to suggest adding one extra week to PSL3 to better capture moves that might take place the week after the proposed date."

I would agree with that except that I would modify it to say PSL2 instead of PSL3!

Len

I feel so proud having a rule named after me :)
or should I feel so sad? :(

Can the rule be retroactive to PSL2?

Great job from both of you. This should be another fun contest. By the way, I am establishing my own real "Mr Sheep fund". Go sheep!

BG