Taking Stock returns to nebusiness today
Jun 24 2009 By Andrew Mernin, The Journal
Are you ready to go back into the bear pit? Andrew Mernin previews the return of our hugely popular fantasy trading game, Taking Stock.
The Rules
THE game starts with each competitor having £100,000 in virtual cash.
Each share trade involves a transaction fee and stamp duty cost that is deducted from the player's account.
Shares can be bought and sold from the list of mid and large-cap companies on the London Stock Exchange as well as the constituents of the North Index.
Shares can be traded only between 8.15am and 4.45pm on weekdays. Stock prices are based on a 15-minute delayed feed from the London Stock Exchange.
A competitor is not allowed to go overdrawn in his or her account. Shares must be held for at least one night, ie shares cannot be sold on the day they were bought.
If a player buys additional shares in a stock he/she already holds, they will be prevented from selling any shares in that company until the following day.
A player must make a minimum of one purchase to be eligible for the competition.
Trading begins when the markets open at 8.15am on Wednesday, June 24.
Entry to the competition will close at 5pm on Friday, August 7, 2009.
The winner is the individual with the greatest wealth (share portfolio plus virtual cash) at 5pm on Friday, August 21, 2009. Virtual cash has no monetary value.
Prize at Seaham Hall must be taken Sunday to Thursday and includes bed and breakfast, and dinner on one night.
Standard Trinity Mirror plc rules apply, available at www.journallive.co.uk/legal.
Page 4: Advice from last year's traders
