The sell in May challenge

IronWolf

For a bit of fun, many will have heard the old saying "Sell in May, go away, don't come back until St Legers day". Well in a similar theme, the challenge is thus:

Choose 1 share to sell short from today (or whenever you read this thread). Your aim is to make as much money as possible. The closing price on 11th September will be used to calculate profit (or loss)

Rules:
1. Post your initial price and a link to a quote of your chosen share
2. Price used should be the mid point to make things simpler (not the bid or ask)
3. The share has to be listed on an exchange and actively trading.
4. There are no stop losses, we'll assume you have infinite margin.
5. You only get one go, no editting posts or you get DQ'd.
____________________________________________

My chosen share is CPP Group at 4.755p
http://uk.advfn.com/p.php?pid=qkquote&btn=&epic=cpp&symbol=


Edit: Thanks to Shaolin Monkey for setting up a spreadsheet with everyones bets
https://docs.google.com/spreadsheet/pub?key=0AmC2e0ZRb74vdDJPbGJ0S1FMLVNIaDRZbnJweXFFU3c&output=html

srcandas

I'm in: esure is currently middle 315.

Can't post a link as it is live so will move over time. But at 14:48 it was 3.15 on Yahoo and 3.15 on the BBC which I think is 15 mins adrift, trust me.

C'mon esure :rotfl:

Reaper

OK, I'll gold for a gold mining share that was widely tipped but which seems to be on an unstoppable downward spiral. Painful for me but relieved to have taken the loss and sold a while ago as it keeps on sinking.

Amara Mining, 19.03p today
https://www.google.co.uk/finance?q=LON%3AAMA&ei=PnefUeCDHueJwAOLQQ

Shaolin_Monkey

Just for fun, Heritage Oil - 152p - http://uk.finance.yahoo.com/q?s=hoil&ql=1

marathonic

I'll go for a US share: Diana Shipping (NYSE-DSX).

In my opinion, this is one of the better shipper stocks and is the only one that I've ever held. It's still making a loss but I see it doing well when growth returns to more normal levels.

However, I expect the shipping industry as a whole to do poorly in the short term and this stock has had a good run-up of 30% in the last 6 months.

It's current prices is $10.00.

Reaper

marathonic wrote: »

I'll go for a US share: Diana Shipping (NYSE-DSX).

In my opinion, this is one of the better shipper stocks and is the only one that I've ever held.

I hold BMS. It is suffering too but managing to pay out a decent dividend while I wait hopefully for shipping to recover. That recovery looks rather distant at the moment though.

gadgetmind

There is a good chance that CPBB will be close to a complete loss, so let's try that (if I'm allowed preference shares).

Dunno mid - 83.5p?

Glastoun

Dixons, call it 41.80p.

Retail suffers over the summer, and this year is going to be a GREAT summer.

Nicholas-bloody-Parsons

If we are going for foreign shares, then I go for:-

Netflix Inc (NFLX :NASDAQ)
226.57 USD

just for fun, as it seems a bit pricey

Ark_Welder

IronWolf wrote: »

Choose 1 share to sell short from today (or whenever you read this thread). Your aim is to make as much money as possible. The closing price on 11th September will be used to calculate profit (or loss)

How will rights issues and any share splits or consolidations be treated?

No option (pun may or may not be intended - haven't quite worked it out myself yet) to close the position before the end of the period?

IronWolf

Ark_Welder wrote: »

How will rights issues and any share splits or consolidations be treated?

No option (pun may or may not be intended - haven't quite worked it out myself yet) to close the position before the end of the period?

hmm, I guess we ignore rights issues, but take account for splits or consolidations.