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URL:  http://boards.fool.com/trading-speculating-investing-13818316.aspx

Subject:  Trading, Speculating & Investing Date:  12/1/2000  2:06 PM
Author:  TWA40 Number:  16580 of 64239

I just took part in an online trading challenge sponsored by the National Post and Eriksson:
http://www.investmentchallenge.com/traderschallenge-theindependentsplay/challenge_details.asp

The contest ran from 23 October until yesterday and I finished 11th out of about 5,800 entrants with a total return of 32.13% on an initial grubstake of $1 million. The winner had an unbelievable return of 79.5% in 38 days. I actually spent about 4 days in first place, but I sat on the sidelines for most of the last 2 weeks and got rolled over by the frontrunners. There were prizes for the top 15 finishers, and I won a RIM Blackberry pager, which I find very ironic given that I shorted RIM on 5 separate occasions and made $48,000 of my profit at RIM's expense (I also shorted it in real life during this period).

If you've followed my recent posts (and former posts as Semper and TWA38), you know I'm primarily a bearish value guy who tries to have a long-term perspective, so what the devil was I doing in a trading contest? Well, I was trying to practice some new tricks with a rigorous accountant to keep me in check.

For the record, my definition of investment, as borrowed from Ben Graham, is that which provides adequate return on capital and safety of pr