The Day Everyone Laughed at Me

On April 26th of last year, I participated in the first annual CNBC Stock Draft – a competition where we were given a choice of 20 stocks and then had to hold one of them until Feb 2nd, 2013.

I had the first pick, could have gone with pre-IPO Facebook, Google, JNJ etc. Instead, I picked Research In Motion (RIMM) because of the nature of the contest. Coming in second or third is meaningless so I figured the smart thing was to go with volatility and the potential for outlier outcomes.

And the roomful of other traders and reporters at CNBC exploded in laughter.

Brian Sullivan asked me if I was kidding.

Jim Cramer, who mentioned that his pick would have been Apple at 608, called me “that guy” and dismissed the choice as well.

As of today, from what I’m told, I am in the lead with my pick of Research In Motion. RIMM has tripled from its low last fall and – as I had speculated could happen – is said to be in talks about a major transaction.

Here’s the tape, skip to the 3:05 mark:

We’re revisiting the Stock Draft on CNBC this week. We’ll see who’s laughing now.

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. potvindrywall.com commented on Oct 19

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2013/01/25/the-day-everyone-laughed-at-me/ […]

  2. DevOps Consulting commented on Nov 02

    … [Trackback]

    […] There you will find 41774 more Information to that Topic: thereformedbroker.com/2013/01/25/the-day-everyone-laughed-at-me/ […]

  3. td trust login commented on Nov 29

    … [Trackback]

    […] There you can find 91317 more Info on that Topic: thereformedbroker.com/2013/01/25/the-day-everyone-laughed-at-me/ […]

  4. Research commented on Dec 30

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2013/01/25/the-day-everyone-laughed-at-me/ […]

  5. lace front wigs commented on Jan 19

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2013/01/25/the-day-everyone-laughed-at-me/ […]

  6. Begagnade bildelar Göteborg commented on Jan 23

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2013/01/25/the-day-everyone-laughed-at-me/ […]