| No purchase necessary. No entry fee. This is phase 1 of 3, running
from 15-Sep thru 14-Oct. When you enter, anytime before 14-Oct, you get
$100,000 of play money. You make trades interactively and can have your
portfolio valued in real time. SECAPL is sponsoring this kind of as a
show-off of their capabilities.
No short selling, options or futures.
The top 100 "portfolio managers" will have their names and E-mail
addresses made public so that Wall Street Firms can offer them millions
to trade real money. Or maybe just for notoriety's sake.
If you don't understand http://www.secapl.com/pawws then you can look
in SOFBAS::INTERNET_TOOLS for pointers to current versions of MOSAIC,
LYNX or other products for accessing all this.
John
|
| Rules for Internet Portfolio Mangement Contest
1. NO PURCHASE NECESSARY.
2. Eligibility: Anyone on the Internet can play.
3. Timing: The PAWWS Internet Portfolio Challenge will be played in three
rounds. The first round will
begin at 12:00 a.m. September 15, 1994 and will end at 11:59 p.m.
October 14, 1994. The second and third rounds will be announced. All times
are based on the time in New York, U.S.A. During each round,
access to PAWWS is 24 hours a day excluding scheduled maintenance times
which will be announced in advance.
4. How to Play:
- Access PAWWS at URL: http://www.secapl.com/pawws.
- Every player is automatically allocated $100,000 in PAWWS CASH.
THIS IS NOT REAL MONEY.
- All players start with $100,000 when they first access PAWWS
regardless of when during a round they start during a round.
(i.e. You could enter the last day with a $100,000 portfolio)
- Players may purchase and sell stocks through PAWWS with their
PAWWS CASH.
- All trades will be priced according to the PAWWS quote server.
- Only securities that are known to the PAWWS quote server are
eligible for trading.
- No options or commodities trading.
- Players may consult any of the services offered on PAWWS in order
to plan and manage their portfolios.
- In order to simulate true-life transaction costs, each transaction will
deduct $25 plus 1/2 of 1 percent of the "gross" (price times shares).
- All known cash and stock dividends, stock splits, tender offers,
mergers, distributions and other capital adjustments will be applied
to each portfolio.
- No selling short.
- No buying or selling on "margin" (i.e., you can only trade using
PAWWS CASH you have).
- No trades based on non-public insider information.
- You can trade as often or as little as you want.
- The object is to amass the largest total portfolio value by the
end of the round.
5. TOP MANAGER LISTING: The top 100 players, ranked by total portfolio value,
will be listed in order of portfolio value. This Top Manager Listing will
be made available on-line.
6. One PAWWS account per e-mail address. Duplicate accounts will be deleted
in order of portfolio value.
7. Security APL shall act as sole judge for the PAWWS game, and its decisions
are final. Security APL reserves the right to monitor trades and remove
trades in violation of these official rules.
8. Players agree that PAWWS shall have the right to list their names and
identities along with their total portfolio value if they are among the Top
Managers and to use their names for advertising and promotional purposes
without further compensation.
9. PAWWS and Security APL are not responsible for transmission failures of any
kind or any other technical malfunction that interferes with the ability to
access PAWWS or place any trade order.
10. Security APL employees and their families are not eligible to win.
11. VOID WHERE PROHIBITED.
12. Produced and operated by PAWWS, 101 Hudson Street, Jersey City,
New Jersey 07302. email address [email protected]
|
| Ah shucks, the 700 shares of cabletron stock I bought Tues
was up 4% ..... though it's good because the 8000 shares of
US Air was down :-)
Date: Thu, 15 Sep 1994 18:42:24 -0500
From: [email protected]
To: [email protected]
Subject: *****PAWWS NEWS FLASH*****
Thank you for participating in the warm up period this week.
Your feedback has helped us significantly. Please continue to
let us know if you have any suggestions or comments.
As you know, the first round of the PAWWS Portfolio Management
Challenge begins September 16th @ 12:01 am EST. Your account
will be reset to $100,000 (PAWWS play money) at which time you
may officially start playing.
Good Luck!! We hope you're having fun!!!!
|