mindme has been kind enough in the last couple of years to sponsor the stock picker game to the upside. i expect he'll do the same this year and i plan on playing. but i thought it would also be fun to pick a "short" for the year and see who can pick the losers.
rules are simple - pick a stock anytime between now and the end of this year (dec 31, 2010) and on the last trading day of 2011, the biggest loser on a percentage basis will be the winner. if your choice goes bankrupt during the year, you win automatically. the stocks must be traded on a major global exchange (NYSE, NASDAQ, etc.) Major global exchanges are OK too.
my choice: tesla motors TSLA $25.55 today Dec 27 at close.
i wish you all the worst of luck.
i would have chosen gm except i think no matter how badly they perform the government will prop up their stock price so they can get their money out of it at the expense of clueless small investors. never bet against an shareholder with bottomless pockets to prop up the price. i bet the fed is already on the job.